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When to claim your Social Security retirement benefit is key
Timing is key when it comes to claiming your Social Security retirement benefits. However, not everyone makes informed choices as to when to claim. Read article here… Notice: The link provided in the text above connects readers to the full content of…
Improving your financial outlook by working a side hustle
The average savings balance among baby boomers nearing retirement is $163,577; the median savings balance for that age group is just $17,000. Which means, a greater number of people have less than the average. The good news is a large…
The Thrift Savings Plan goes into effect January 1, 2018
Effective January 1, 2018, one of the most wide-reaching and significant changes to military pay and benefits goes into effect. The new system, the Thrift Savings Plan, blends aspects of the traditional defined benefit retirement pension system with a defined…
Eight retirement accounts to consider
Experts tell you that you need to save at least 15 percent of your income each year for retirement. Depending on your circumstances, however, you may need to take incremental steps to get there. The attached article list eight retirement…
Tips to get your financial house in order
As the year quickly winds down, it’s time to get your financial house in order. The attached article recommends some simple tips to begin the process. Read article here… Notice: The link provided in the text above connects readers to the full content…
When to retire?
With more workers bearing the responsibility for their own retirement, a key thing many need to be able to discern is how to tell when they’re ready to retire. The attached article lists several critical questions that can help you…
Social Security and its taxable status
Every month, more than 42 million retired workers receive a check from the Social Security Administration, with 62 percent of these folks relying on this for at least half of their income. Most people don’t have a very good understanding…
Average assisted living facility costs $43,539 per year and Medicare won’t pay for it
Medicare provides health benefits to millions of seniors; however, there are certain services it won’t cover, like dental care, vision care, and long-term care, which includes assisted living. Medicare won’t pay for services offered by most assisted living facilities due…
Six ways farmers can save for retirement
For farmers, the key to saving for retirement is planning early so you can take full advantage of your income, as well as investments and interest earnings. An article published on the Farm and Dairy website (www.farmanddairy.com) lists six ways…
Preparing for cost of senior healthcare
If there’s one expense that’s practically guaranteed to go up in retirement, its healthcare. Many seniors will spend a huge chuck of their savings and Social Security income paying for their healthcare needs. In Maurie Backman’s article, she advises on…