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Why do retirees take Social Security when they do?
Katie Brockman seeks to find out why people take Social Security when they do, since the options range from age 62 to 70. When asked why they chose to take benefits at the age they did, 47% of current beneficiaries…
The Risk of Claiming Social Security at 70
Achieving the highest possible monthly Social Security benefit possible means waiting until age 70 to claim. This is because benefits compound at 8% annually between 67 and 70. But one must consider all the lost checks not collected from 62…
The 10 Best U.S. States to Retire In
It’s common to see articles noting the best places to retire in the U.S. All use different criteria and rankings. For this list, Bankrate analyzed all 50 states across five categories with these assigned weights: One overall rank for each…
Relatively few American workers feel good about their retirement savings
According to CNBC’s August 2024 Your Money retirement survey conducted with SurveyMonkey, just 37% of non-retired Americans are either “on schedule” or “ahead of schedule” with their retirement investments. Of those who feel good about their savings, 42% cite contributions made early…
What is an average retiree Social Security benefit?
In this USA Today piece, Maurie Backman of The Motley Fool notes that as of July 2024, the average retired worker on Social Security was getting $1,919 per month. That equates to a bit over $23,000 annually in benefits. Backman notes that…
Best Sound Advice Overall on Social Security
Maurie Backman has been writing about all issues related to Social Security for a decade. She reflects on that in this piece and offers her best sound advice. First and foremost she cautions NOT to plan on relying on those…
Beware a new Social Security e-mail phishing scam
Kurt Knutsson of CyberGuy Report writes here for Fox News about a phishing scam designed to get personal information from people by suggesting their Social Security number has been suspended. Kurt notes the desired outcome is to get you to open…
When to Claim Social Security
When to start your Social Security benefits is a major decision. Knowing that the trust fund will run out in 10 years if nothing is done can make that decision even more confusing. Selena Maranjian for The Motley Fool explains…
Difficulties of Applying for SSDI and SSI
There are two types of disability programs under Social Security. The first is Social Security Disabilty Insurance. This is available to people who have worked and paid into Social Security for at least 5 or the last 10 years. The…
How Much do Americans know about Social Security
In a recent survey 53% of Americans admitted they have limited knowledge of Social Security and how it fits into their retirement plans. Read here… The first link provided above connects readers to the full content of the posted article. The…