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Don’t take Social Security just because you enroll in Medicare
If your strategy for Social Security is to wait in order to reap the financial rewards, don’t think that just because you enroll in Medicare at 65 that you need to take Social Security at the same time. If your Social Security…
Boost your retirement savings by learning from the best
It’s certainly no secret that Americans have a problem saving enough money in their working years to fund a comfortable retirement. But a good way to invigorate your own savings plan is to learn from how the best retirement savers have…
Here are some income sources for after you retire
Regardless of your financial status when the time to hang up your work clothes arrives, chances are pretty high that you’ll need some extra income after you finally retire. Unexpected expenses have a way of popping up when least expected, and there’ll…
How to make your retirement funds last
Ongoing planning can stretch your retirement funds, according to this article by Becky Raspe appearing in Cleveland Jewish News. As the article says, there are two stages to retirement – an accumulation stage, and a distribution stage – and the…
Ready to retire? Here’s a checklist
Simply stated, having a sufficient and reliable stream of income is crucial to a comfortable retirement. Whether you view retirement as an endless vacation or a chance to take on new challenges, the fact is you’ll need a decent income…
Sacrificing today to be comfortable tomorrow
Nearly everyone knows that the younger you start saving for retirement, the better off you’ll be when the time actually comes. But it’s often hard for younger workers to think of retirement savings as a priority when faced with the…
This summer’s to-do: Review your retirement portfolio
It’s probably not going to be easy to fit in, but somewhere between your summer vacation and backyard barbecues you should try to manage a review of your retirement portfolio to make sure it can survive if a market crash…
Fixing Social Security: There’s no simple solution
Social Security’s long term financial difficulties are pretty well known by now, including that the Trust Funds’ asset reserves are projected to run out by 2034, a mere 17 years from now. And while the problem is well known, there…
Trustees forecast 2.2% COLA increase next year
Following years of anemic Cost of Living Adjustments for Social Security recipients, the program’s trustees, in their annual report released yesterday, forecast that next year’s COLA increase could be about 2.2%. While the final numbers won’t be known until later…
The 2016 Social Security Trustee’s Report, and what it shows
The annual Social Security Trustee’s Report is the definitive resource for those concerned about the program’s solvency and ability to pay future benefits. The latest report, released in 2016, shows important information about the effect of recent changes made as…