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The Retirement Savings Dilemma–A New Perspective
A study conducted recently by ValuePenguin found that “61 percent of U.S. households are enrolled in at least one credit card rewards program, while only 58 percent have money in a retirement savings product.” Maybe it’s a question of short-term benefit vs.…
Reverse Mortgages as a Social Security Deferral Strategy: Be Careful!
It sounds like a piece of cake…take your home equity and use it to delay filing for Social Security so that you can capitalize on the Delayed Retirement Credits. But, as in most things that sound simple and easy on…
More on Filing Stategies to Maximize Survivor Benefits
In his Q&A column, Boston University professor and Forbes contributor Laurence Kotlikoff explains the survivor benefit implications associated with a spouses’s early retirement. Read his post here… Notice: The link provided above connects readers to the full content of the posted…
The Importance of Looking Strategically at Social Security Benefits
Planning for one’s financial future is an arduous task, but if done correctly, the dreams of a comfortable retirement can be realized. An article posted on www.investopedia.com can help you navigate these planning processes, one of which is the determination of…
The Importance of Social Security–A Statistical Verification
Citing the correlating results of three separate surveys (the Current Population Survey, the Health and Retirement Study, and the Survey of Income and Program Participation), former economist at the Federal Reserve Bank of Boston Alicia H. Munnell asserts her opinion that “Social…
Are RMDs in Your Future This Year?
If you reached age 70 and a half in 2017, you need to know that this is the point at which Required Minimum Distributions on your deferred compensation plans kick in. As Time.com/Money contributor Kerri Anne Renzulli reports, “Sunday, April 1,…
Spotlight on Widow/Widower Benefits: Understanding the Math
The recent Social Security Administration’s inspector general report highlighting the lack of correct direction provided to surviving spouses has received quite a bit of media attention over the past few weeks. With so much money on the table, it’s important that…
Reasons Why DRCs Are Unattractive to Many
According to this post by Sean Williams of the Motley Fool, less than a tenth of retirees elect to take advantage of the Social Security’s Delayed Retirement Credit provision. It’s a guaranteed 8% return on your benefit from fill retiremenht…
Gray Divorce: Some things to think about.
With the rate of divorce among folks 65 and over tripling since the 1990s, the phenomenon of “:gray divorce” has worked its way into everyday life. The divorce itself is one thing, and can it can be amiable or not,…
Taxation of Social Security Benefits
It’s a shock to some, but your Social Security benefits might well be subject to federal income tax. In fact, the better you’ve planned financially for your retirement. the more likely your benefits will be taxed. Time.com’s Martha C. White explains…