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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…
“American Greed” to feature the saga of “Mr. Social Security”
For those having an interest in understanding how a major Social Security fraud is created, tune in to CNBC’s long-running true-crime show, “American Greed” on Monday April 2 at 10:00 pm. The documentary will lay out the development of the largest…
More thoughts on waiting to file for Social Security
As the song goes, “Waiting is the hardest part.” Most folks approaching their age of Social Security eligibility understand, at least intuitively, that resisting the impulse to file early produces a higher benefit later. There are reasons, of course, to…
Rosie The Riveter: Working Women’s Icon
(Source: Social Security Administration) “Rosie the Riveter” is an American icon representing women working in factories during World War II. These women learned new jobs and filled in for the men who were away at war. They produced much of…
Wait for Full Retirement Age? Maybe, maybe not. It depends.
Conventional wisdom among financial advisors is to wait at least to your full retirement age to claim you Social Security benefits, or longer if you can. But there are circumstances where this might not work best, as explained in this…