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Women and Social Security: Some things you should know
It’s a sad reality, but women have different considerations than men when it comes to their Social Security benefits. For one thing, they’ll probably be relying on those benefits longer, so making sure the payments will sustain them is crucial. From how…
Women’s retirement needs are different
It’s an unfortunate reality, but women’s retirement needs are quite different from those of their male counterparts. Whether due to not working some years to care for children, retiring early to take care of aging parents, or even due to divorce or…
Keeping your finances secure in retirement
Statistically, we’re all living longer and staying more active in retirement. And that means that some of the old guidelines for how to make your retirement savings last as long as you do may be a little too conservative. As this…
Millennials’ dilemma: Save for retirement or for your child’s college?
For many millennials, setting up a 529 College Savings Account for their children can be a smart idea. But should it come at the expense of not saving for their own retirement? Ideally of course you can do both, but if it…
Student loans can sometimes affect your Social Security check
Some Social Security beneficiaries are finding themselves with student loan liability, either their own or as a result of co-signing for a child or grandchild. Unfortunately, your Social Security benefit could be vulnerable to repayment of a student loan, but…
Protecting your Social Security number
With all the recent focus on identity theft, you’re surely aware that you should protect your Social Security number from falling into the hands of those unsavory cyber-criminals looking to cash in on your financial assets. But, do you know…
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…