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If you’re in your 50’s, here are some tips for retirement planning
While there’s no question that starting to plan for retirement as young as possible is ideal, the reality is that those earlier years are filled with a myriad of financial responsibilities which make saving for retirement a huge challenge. That’s…
Roll out of new Medicare cards (sans Social Security number) continues
Since April of this year and continuing until April of 2019, new Medicare cards are being mailed to beneficiaries on a state-by-state basis. These new cards, in an effort to reduce potential fraud, no longer include Social Security Numbers as…
When you can’t manage your own finances & Social Security payments
True, the vast majority of Social Security recipients are perfectly capable of managing their own finances, including their monthly Social Security benefit. But it’s equally true that there is a subset of beneficiaries who simply cannot, for a number of…
Just how important is Social Security?
Most of us intuitively understand that Social Security is a program which is extremely important to America’s senior citizens. Statistically, we know that about a third of recipients rely on their monthly Social Security payment for at least 90% of…
Born in the 70’s? Here’s what Social Security may look like for you
For those in their 40’s, just a couple of decades away from being eligible to collect Social Security, that most popular American social program will almost certainly look different than it is today. That’s because at current course and speed,…
Taking Social Security at age 62 not the right choice for many
Despite the fact that age 62 is when you will receive the least benefit you are entitled to, it is by far the most popular age to claim benefits. Your full retirement age, anywhere from 66 to 67 depending upon…
Millennials take note: Social Security will be there for you, but don’t make it your retirement foundation
Younger workers, so-called millennials and Generation X, are skeptical that Social Security will be there for them when it’s time for them to retire. That’s not surprising, with all the news these days about Social Security “going broke” (it’s not)…
Expert advice: Don’t retire until you’re 70
In this CNBC “Make It” article by reporter Emmie Martin, the author relates advice from well-know financial advisor Suze Orman that delaying retirement and postponing Social Security benefits is a wise choice for today’s seniors. Given that you gain a guaranteed…
Retirement risks you shouldn’t ignore
When it comes to planning for your retirement, the only constant you should plan for is change. And, as the saying goes, “the best laid plans of mice and men often go awry”, which is why looking only at what you…
Millennials may be hurt most by waiting to fix Social Security and Medicare
Most Americans know by now that Social Security and Medicare both have financial issues, as evidenced by current projections that Medicare’s Hospital Insurance Trust Fun will run dry in 2026 and Social Security’s “OASDI” (old age, survivor & disability insurance)…