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Notice of rescission of Social Security Rulings.
(Source: Federal Register) In accordance with 20 CFR 402.35(b)(1), the Acting Commissioner of Social Security gives notice of the rescission of Social Security Rulings (SSR): SSR 67-28; SSR 68-13; SSR 68-36; SSR 68-37; SSR 68-52; SSR 68-78; SSR 70-23c; SSR 72-27;…
Gallup: Financial Concerns Continuing to Plague Future Retirees
Nearly half of Americans tracked in Gallup’s random polling of over a thousand adults aged 18 and older expressed concern that “they won’t be financially comfortable when they retire.” Compared to a similar polling just after the turn of the millennium,…
Re-examining the 4% drawdown rule of thumb
It’s been around a long, long time, this assumption that CNBC once defined as “withdraw 4 percent a year, and you have excellent odds of having enough money for 30 golden years.” But now, with all that’s happened and happening…
Looking at Retirement as a “Life Segment”
Segmenting a lifetime into four primary phases (learning, growing, maturing, and exploring) can give one an entirely different view on what retirement is all about. Each of these four segments–about 8000 days in length–has a unique set of characteristics, as idenmtified…
More on the Downside of Filing at Age 62
Filing for Social Security benefits at age 62 has its upside…money in your pocket. But it also drags with it some serious long-term downsides, not the least of which is a lower monthly benefit that stays with you for life.…
And, on the flip side…
The preceding post addresses some bad reasons for filing for Social security benefits at age 62. But, as pointed out in this post by the Motley Fool Staff, there are also some sound reasons why this strategy could work for you. The…
Retirement…The Elusive Goalposts
Statistics show that Americans are remaining in the workforce longer these daysm, with labor force participation rates among men and women showing significant increases compared to the 1990s. As explained by MarketWatch’s Alessandra Malito in a post on marketwatch.com, there are several key…
Attention Women: Dealing With the Retirement “Wealth Gap”
Much has been written in the media about the “wealth gap” and the resulting financial challenges that women face in their retirement years. Whether the cause is the wage gap or the interruptions women typically experience during their worklives, the…
Alert: Protecting Financial Interests of Parents and Grandparents
Aging has its good points and its bad points. First, just reaching the plateau called “elderly” gives one the great benefit of reflecting on a life well-lived. But it also produces the need to be careful of the fraudsters and…
Social Security’s Lump-Sum Death Benefit
It’s a $255 payment made to a beneficiaries’ spouse who was living with the Social Security recipient at the time of the recipient’s death, or to a surviving child who receives or can receive Social Security benefits based on the deceased’s work…