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Sizing the Social Security “Nest Egg” Boomers will Realize
Using Urban Institute estimates as a base, statisticians writing for The Motley Fool calculate that the average middle-class member of the “Baby Boom Generation” will collect $318,000 in lifetime Social Security payments. Sean Williams explains the math behind this calculation in an article posted…
Age 62 Mortality Rates…A Frightening Thought?
The results of a study by Maria D. Fitzpatrick of Cornell University and Timothy J. Moore of the University of Melbourne have suggested that there may be a connection between early retirement for men and an upswing in mortality rates. Their…
Planning on retiring early? Here are things you need to know.
If you’re looking toward an early retirement, and are accumulating the funds necessary to enable this goal, there are a few important details you need to be aware of that can help you in this quest. Managing your deferred compensation plan…
DRCs–Something Worth Waiting For?
Most folks are aware that the longer you wait to file for Social Security benefits, the higher your monthly benefit will be. But do you know how much larger? And do you realize that there’s a corollary benefit, in that deferring benefits…
Social Security’s Gloomy Landscape
The original intent of our country’s Social Security program was to provide a support mechanism for seniors as they age, but that intent has evolved through the years to the point, unfortunately, that a sad story has developed with respect…
Not Understanding Social Security Can Be a Rude Awakening
The Motley Fool’s Maurie Backman takes a look at the consequences many folks suffer as a result of not knowing some of the basics of Social Security…especially how your benefits are calculated and what they will actually be. In fact, her…
Timing Your Benefits’ Arrival
Is really very simple, yet if you pose the question of when Social Security arrive in your account (or when the checks are issued), it wouldn;t be a surprise if few would know. This Social Security Administration article posted on www.pharostribune.com…
Family First Prevention Services Act
As part of the recent congressional funding actions designed to keep the government afloat, lawmakers enacted the Family First Prevention Services Act, enabling Social Security to enable funding for families at risk of entering the foster care system. An article posted on theintercept.com…
Knowing Your Tax Position, and Where to Live, are Keys to Retirement Planning
It comes as somewhat of a surprise to many people entering retirement that their Social Security benefits (at least a portion) are considered taxable income. It’s important to understand this element of our U.S. Tax Code, and an article posted…
The argument for taking Social Security at 62
It’s somewhat of an ongoing question for those approaching retirement: At what age should I start my Social Security benefits? Most people know that they can claim benefits as early as age 62, and many know that waiting beyond that…