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One of Social Security’s Most Incorrect Assumptions
Yahoo Finance contributor Christy Bieber of The Motley Fool reports that, according to a Fidelity Investments survey, 40% of those who claim Social Security benefits early (before their full retirement age) believe that the penalty (the reduction in monthly income) will…
5 Ways Social Security Protects You and Your Family
(Source: Social Security Administration) Next payday, when you see a portion of your wages go toward FICA taxes, rest easier knowing that your investment in Social Security brings a lifetime of protections for you and your family. From your first…
Social Security: A “Nearly Perfect” Component of Your Retirement Strategy
Steve Vernon, consulting research scholar at the Stanford Center on Longevity, in collaboration with the Society of Actuaries (SOA), puts forth suggestions for accumulating the nest egg you’ll need for retirement. In his article, he cites Social Security as being “nearly a…
The 4% Rule Revisited
It’s a persistent dilemma for retirees and soon-to-be retirees–the concern over outliving one’s accumulated nest egg in retirement. And it’s a valid concern, since statistically, surveys show that many folks have not been able to save at levels that would…
Setting a Financial Strategy for the Retirement Years
Social Security and Medicare both loom high on the list of importance areas to consider when plotting a financial strategy for that segment of your life. In an article posted on www.columbusceo.com by freelance writer Craig Lovelace, the specific points to consider…
Finding the “Right” Retirement Place
Finding that “ideal” place to spend the retirement segment of you life is not a simple task. There are any variables you want to consider, including cost-of-living, access to medical care, climate, and so on. The folks at ThinkAdvisor have…
In the 55-64 age bracket? If so, here are some financial strategy thoughts.
This is the time when many folks begin to give serious thought to their retirement years, and particularly the financial area. Questions like “How much will I need?,” and “Am I saving enough” move to the forefront of their thought processes…
Extending Your Retirement Finances
Many folks approaching or entering retirement worry quite a bit about the stability of their financial picture for the years ahead. If that’s you, you are not alone, but there are some steps you can take to make things just…
The Impact of Motherhood on Social Security Benefits
Financial reporter Marlene Y. Satter, in a post today on BenefitsPRO, takes a look at a recent publication from the Center for Retirement Research at Boston College suggesting that childbearing and child rearing “takes a financial toll not just on lifetime earnings,…
Reasons for Not Delaying Social Security
Much is written in the media about the merits of holding off on filing for Social Security benefits until age 70, and in many cases the reasoning is sound. There are other circumstances, though, that need to be factored into…