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Two key questions about retirement
Running out of money in retirement is a frightening thought on the minds of many these days, so understanding the dynamics of how to withdraw from your savings after you retire is crucial; the “4% rule” isn’t always the best.…
Scammer alert: Don’t take calls about your new Medicare card
In the midst of the scheduled distribution of new Medicare cards which don’t carry your Social Security Number (SSN), scammers are desperately trying to steal SSN’s by calling seniors and representing themselves as being from Medicare. The fact is this:…
Estimate Your Benefits Today for a Secure Tomorrow
(Source: Social Security Administration) Whether you’re retiring soon or you’ll be in the work force for several more years, it is important to prepare for what the future holds. That’s where Social Security comes in. Continue reading → Notice: The link…
Baby Boomers: Check this out if you’re considering early retirement.
If you are a member of the Baby Boom generation and thinking about early retirement, The Motley Fool’s Maurie Backman has some points you might want to consider before you make the decision. From benefit reductions to tax implications, these are…
Retiring Abroad? Here are some things to think about.
If you’re planning to join the more than half million Social Security recipients living their retirement in a foreign country, there are some key planning steps you need to consider. Personal finance writer Darla Mercado, in a post on www.cnbc.com, provides some…
The perils of early retirement for women
With caregiver responsibilities leading the way, there are several key reasons why women file for Social Security benefits at an early age. This, of course, results in lower monthly benefits,,,a problem that surfaces later in life as women outlive men.…
Maximum Social Security Payout
In an article related to today’s “Headline Post,” The Motley Fool’s Dan Caplinger discusses the calculation process for determining Social Security benefits, with a focus on how one can obtain the maximum payout. Read his post here… Notice: The…
Avoiding the “Never Ending Worklife”
It’s no secret that many previously-retired folks are re-entering the workforce. There’s a pretty constant stream of articles about this “phenomenon,” covering the reasons why, and they range from boredom to the simple fact that Social Security income may not…
Flashback to 1983
Yesterday marked the 35th anniversary of the Social Security Amendments of 1983. Among other adjustments, this legislation ushered in the taxation of Social Security benefits, a move designed to generate additional income for the program. The changes also called for extension…
The Social Security Conundrum Teachers Face
The plight of veteran teachers and their quest to receive adequate retirement benefits arises often in the media. This post by NPR’s Cory Turner provides background on the reasons why Social Security can be scarce for retiring educators, and explains what one…