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The Importance of a Post-Retirement Strategy
If you’ve retired from the workforce but haven’t filed for Social Security benefits, most financial advisors would advise you to hold off as long as you can (by the way, take a look at our recent post on this issue…
Sailing Past the Mythical “Retirement Age”
As life expectancy continue to advance, and as more and more older folks are realizing the inadequacy of their retirement nest egg, it’s no longer uncommon for seniors to roll right past what was once the traditional retirement age and remain in…
Retirement Savings: How do you stack up?
Amid all the media accounts about a widespread lack of savings for retirement, you may be wondering how your situation compares to others in your age bracket. NerdWallet’s Arielle O’Shea, in a post on www.nerdwallet.com, can nswer that question for you.…
Understanding “Administrative Offset”
The term “administrative offset” is a kind of catch-all phrase referring to a process where funds due–including Social Security Disability payments–to a recipient can be redirected to cover an outstanding debt. The process, for example, can apply to student loans, delinquent…
Senate hosts 3rd hearing on healthcare costs: 5 takeaways
A Senate panel tackled administrative spending in healthcare during a hearing July 31, the third in a series of hearings focused on reducing healthcare costs. Continue reading article here… Notice: The link provided above connects readers to the full content of the…
Navigating Financial Obstacles in Retirement
It can be a mine field, this process of building and managing a solid retirement financial picture. In fact, this mine filed is strewn with obstacles that can derail one’s financial plans quickly. Fox Business reporter Leia Klingel, in a post…
Entering Your 60s? It’s not too late to shore up your Social Security picture
With nearly a third of all seniors finding themselves totally reliant on Social Security for their independence, and with fully 62% of seniors depending on the program for at least half of their retirement income, it’s critical for so many to…
What Happens to Social Security in a Government Shutdown?
It becomes an issue every so often, this threat of a shutdown of the federal government’s business operations. Between now and September 30, the current threat may evaporate, but if it doesn’t, your Social Security payments will not be affected,…
Details You Need to Know About Social Security
Folks doing their research on when to file for Social Security benefits face an avalanche of information that, if not understood well, can lead to a long-term loss of benefits or a short-term surprise. The Chicago Financial Planner’s Roger Wohlner provides…
So, Actually How Does Social Security Calculate My Benefit?
For some folks, a spoken definition can be better than a written explanation, especially when it comes to something as complicated as calculating ones’ Social Security benefits. Klaas Financial Asset Advisors, oerating in Northern Illinois and Southern Wisconsin has filled this niche…