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Should you wait until age 70 to collect Social Security?
As the old saying goes “a bird in the hand is worth two in the bush”, but it’s not always the wisest choice to claim your Social Security benefit early. Yes, there are times when claiming early and taking the…
How will claiming early affect my Social Security benefit?
Everyone knows that claiming Social Security early will reduce your benefit amount, but not too many people truly understand how much of a reduction there will be. Fact is, if you apply as soon as you’re eligible at age 62…
Student Loan Repayment
In Liz Weston’s column, she answers an elderly reader’s question on whether or not a student loan debt can be taken out of his Social Security check and if it will follow him to his grave. Read her answer here……
Five Reasons for Investing in Your Retirment and not Your Child’s 529 Account
According to a recent report on student loan debt, 39 percent of parents reported paying their children’s student debt entirely on their own with no contribution from their children. Many people are tempted to reduce the amount they put toward…
Saving Practices to Adopt
In Wendy Connick’s column, she list four retirement-saving best practices for people to adopt if they want to retire wealthy. Read her column here… Notice: The link provided above connects readers to the full content of the posted article. The…
How Your Social Security Benefit is Determined
For most American’s their Social Security benefits will be a major part of their retirement income so it’s important to know how much to expect. In the attached article by Matthew Frankel, he explains how your monthly benefit is determined.…
Tax Reform and Social Security Reform–Perfect Together
Newsmax contributor Brenton Smith offers commentary on the importance of embracing Social Security reform within whatever happens with Tax reform. His article retraces the 1983 “solution” or “Social Security fix” and takes a forward look at some of the current…
Checking Yourself on Savings–An Aged-Based Benchmarking Tool
The Motley Fool’s Mary Crawley offers some thoughts on using benchmarks to calculate the savings targets you should strive to reach by different ages. Her article also offers advicde on what to do if you find yourself falling behind on the recommended…
Hispanic Heritage Month – Social Security Answers Your Most Popular Questions
(Source: Social Security Administration) It’s Hispanic Heritage Month, a time when we celebrate the contributions and cultural richness of Hispanics in the U.S. Hispanics have influenced many facets of American life, from language to our cultural development. They play a…
Boomers and Retirement–The Mortgage Is Often Still on the Books
Surprisingly (or maybe not?) a large segment of the Baby Boom cohort is rolling into retirement still carrying housing debt. According to some officials, there is concern that the prevalence of this situation has the potential to “compromise their retirement security. Carrying…