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New Year’s Resolution: Save for retirement
It’s something of a tradition to make New Year’s resolutions, sometimes vowing to give up bad habits or simply turn a new leaf and live better. But there is one thing that you can do to help your future self,…
Don’t celebrate your COLA increase just yet
With all of the publicity over the largest COLA increase in years, many Social Security recipients might be celebrating. But even though the average beneficiary would receive about $27 per month more in benefits, they may be surprised to find…
Applying for Social Security benefits
If you’re at that magical time in your life when you’ll soon be eligible to start receiving Social Security benefits, you may have questions about when you should apply, how to apply, and whether your benefits will become taxable income. This…
You may get less Social Security than you expect
Many people approaching retirement get a statement from the Social Security Administration telling them what their estimated benefit will be. Similarly, with online access to your Social Security account now easily available, you can quickly see what your future Social Security…
COLA increase eaten by Medicare premium
With a great deal of fanfare, the Social Security Administration announced a while back that those receiving Social Security benefits would get a 2% cost of living adjustment starting in 2018. As good as that sounds, many beneficiaries were shocked…
Retiring in 2018? Read this first
Stock market corrections are inevitable, but they can also upset the apple cart when it comes to your retirement savings portfolio. Of course, market corrections with negative consequences will, over time, self correct. But if you’re planning to retire in…
About Social Security’s financial woes
For anyone who reads about current events and also looks to the future, it’s no secret that America’s Social Security program has financial issues which are rapidly coming to a head. The truth is that at its current course and…
Social Security demographics: Who collects benefits?
With nearly 62 million Americans receiving Social Security benefits, you might be interested to know how that breaks down in terms of number of retirees, how many receive spousal benefits, disability benefits, and dependent child benefits. The answers are all…
Watch out for income taxes after retirement
Although many people only worry about income taxes once a year when they need to file, a wiser person will be conscious all year about the tax implications of any financial moves they make. Especially in retirement when RMD’s (required…
Don’t be afraid to retire. It can be wonderful!
Those approaching retirement can conjure up all kinds of emotions, ranging from joy and happy anticipation to fear and anxiety over not having that work-life to govern their days. In this article by Mike Causey at Federal News Radio, he…