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Social Security Mother’s or Father’s Insurance Benefit
(Source: www.benefits.gov) The Social Security Mother’s or Father’s Insurance Benefit is a federally funded program managed by the U.S. Social Security Administration (SSA). These are benefits paid to the surviving spouse or surviving divorced spouse of an insured worker. Continue reading……
Your Full Retirement Age…Let’s Be Clear
As explained by The Motley Fool’s Matthew Frankel, many folks still believe that 65 is still the magic age for obtaining full Social Security benefits. Frankel explains the present definition of “full retirement age” and what it means to benefit payments,…
Working During Retirement–Some Fresh Perspectives
The Motley Fool’s Maurie Backman, in recapping the results of a recent Schwab study, reports that a surprising number of future retirees project that they will not need to work during their retirement years to supplement their income. Some will work…
A Quick Look at the New Numbers for 2019
The Motley Fool’s Sean Williams, in a post yesterday on www.fool.com, takes a look at recently-announced 2019 COLA decision, and takes a look at the payroll tax numbers projected for next year. Interestingly, his article touches on the oft-repeated question of…
Having a budget is important in retirement too!
Most folks are aware of the importance of living within your budget during your working years. Fortunately, if you budget wisely and keep your spending within that budget, your regular employment earnings should sustain you. But what about when you…
A crisis in America’s retirement system
For many decades, there was an implicit contract between workers and employers: employees who worked hard and were loyal to the company were rewarded with a pension to sustain them in their senior years. But what are known as defined benefit…
If you hit the lottery, what happens to your Social Security?
Especially now, with the Mega-Millions and Powerball lotteries each luring us with jackpots of hundreds of millions of dollars, seniors may wonder what will happen to their Social Security benefits if their lucky numbers are called. Well not to worry,…
How to use that COLA increase
With the good news that Social Security beneficiaries will be getting a 2.8% raise next year, you may be wondering how you might best use that additional income. The average increase will be about $39 per month, or $468 per…
Scam Alert: Beware of callers claiming to be from Social Security!
It seems that scammers efforts are endless when it comes to trying to bilk you out of your money, and they’ll stoop to any level to do it. Most recently, Social Security beneficiaries are getting calls asserting that their Social…
What will the 2.8% COLA increase mean for you?
In this article appearing in the Green Valley News (AZ), writer David Del Grande interviews residents from all walks of life to explore what the recently announced Cost of Living Adjustment will mean to them in 2019. Though the average monthly increase…