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SECURE 2.0 Offers Financial Opportunities for Retirees
It’s been around for a while now, but it’s always good to have a refresher on the provisions enacted in SECURE 2.0 and their potential benefit for those managing their retirement goals. For example, the changes to when required minimum…
Representative Payee Designations Available to Help Seniors
Seniors struggling to manage their financial affairs have a helpful Social Security provision available to them that can ease their minds. It’s called the “Representative Payee” provision, and it allows a beneficiary to designate another person, usually a family member,…
Thinking About Retiring in Your 50s? Be careful!
It’s a dream that many mid-career people have…packing it all in while you’re still able to enjoy life to the fullest. If that’s a goal that you have, and you’re gearing your lifestyle and wealth accumulation strategies around it, we…
The Psychology Behind Claiming Social Security Benefits Early
Age 62 continues to be the most popular claiming age for Social Security benefits–40% of men and 47% of women decide that way, according to the Social Security Administration. Although this option is counter to the advice doled out by…
“Phishing” Scams are Evolving…Now It’s “Vishing”
Society’s underbelly continues to display creativity in the development of new ways to defraud the unsuspecting, and this constant search for innovative scams has now yielded an approach labeled “vishing,” with “phishing” now conflated with voice-based approaches to start the…
Dealing With the Longevity of Your Retirement Resources
It’s something that concerns many (perhaps most) retirees…Will I outlive my retirement resources? For many, it will become a real concern as they evolve through their retirement years, so it becomes increasingly important for them to watch for signs that…
Social Security “Buyer’s Remorse”
Most know that Social Security retirement benefits can be claimed as early as age 62, and many also know that waiting longer means a higher benefit. Despite the knowledge that claiming early means a permanently lower monthly payment, many are…
Review Your Lifetime Social Security Earnings
One of the fundamental factors use to calculate your Social Security benefit when you claim is your lifetime earnings history, as reported to the Social Security Administration by the IRS. Knowing that, doesn’t it make sense to review your earnings…
Social Security Dysphoria
Fueled in large part by politicians’ accounts (and media hype) “dooms day” for Social Security is but a short decade away and, sadly, most of the public believes media accounts despite being largely uninformed about how the Social Security program…
About Social Security Solvency
According to the Committee for a Responsible Federal Budget (CRFB), election year promises “not to touch Social Security” are hollow pledges. The CRFB says “While this pledge is framed as ‘protecting benefits,’ it is – in reality – an implicit…