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Seniors shouldn’t be too dependent on Social Security
Although the Social Security system was never intended to be a primary source of retirement income, about 34% of beneficiaries rely on it for 90% to 100% of their income after they stop working. And for about 62% of beneficiaries, Social Security…
Age 70 and still working: What about Social Security?
They say that 70 is the new 60, and judging by the number of American septuagenarians still working there’s a lot of truth to that statement. But when it comes to Social Security, reaching that magic age of 70 has…
Retirement Planning: Balancing Social Security Against Spending Plans
It’s not an easy task, and it takes a lot more than a good crystal ball, but figuring out what income you’ll have in retirement and balancing it against how you’ll spend it is essential to achieving peace of mind…
The Importance of Double-Checking SSA’s Records
The Social Security Administration admits that there is room for errors in the posting of earnings information, citing a “more than 98%” accuracy rate. So, is this 1% to 2% error rate acceptable to you? If not, you might want to…
Living on Fixed Resources: An Accountable View
For seniors grappling with the dichotomy of a relatively fixed income in the face of continually rising prices, and situations like the shock of Social Security COLA adjustments being eaten up by Medicare premium increases, it’s refreshing at times to…
Have 8 in 10 Millennials Written Off Social Security
According to the results of a 2017 Investopedia study, 81% of surveyed millennials (the roughly 70 million people with birth dates from the early 1980s to the mid-1990s to early 2000s) are convinced that Social Security will not be available to them…
A Summary of Social Security Issues
In a post on www.dailyprogress.com, financial advisor Jorgen Vik takes a look at a variety of issues, ranging from Social Security’s rumored bankruptcy to strategies associated with spousal benefits. He also touches on widow and widower benefits and the presence of a…
It starts tomorrow…get set and beware!
Published plans to begin releasing the new Medicare identification cards April 1 are widely known, especially by the crooks and scammers who have already begun their campaign to snare unsuspecting seniors into their web of fraud. A post today by Susan…
Understanding Your “Full Retirement Age”
Hopefully, this is old news to anyone thinking about their future on Social Security, but it’s always a good idea to be tuned in the the precise numbers. In a post today on www.fool.com, The Motley Fool’s Christy Bieber provides a refresher…
Retirement…A Lifestyle That Doesn’t Work for Some
Call it “unretiring” or just changing mindsets, but it appears that a trend is emerging that brings folks back into the workforce after taking a stab at retirement. In a post on www.nytimes.com, Paula Span provides a glimpse into the…