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Do I Need To Pay Back Social Security for Their Mistake?
In Laurence Kotlikoff’s column appearing in the Seattle Times, he advises a couple that was overpaid by Social Security by mistake and what their options are. Read column here… Notice: The link provided in the text above connects readers to the full…
Seniors are especially vulnerable to fraud and financial abuse
According to the National Council on Aging, financial abuse and fraud costs America’s seniors over $36 billion a year, a staggering amount taken from the most vulnerable among us. And it’s not only strangers who perpetrate these crimes against older…
Medicare facts every retiree should know
Medicare is the nation’s largest senior healthcare resource and most of those already enrolled are, at least at a high level, familiar with how the program works. But while you may know some of the basics, there are some important benefits of…
At home or away, Social Security is there for you
If you haven’t already created an online “My Social Security” account at SSA.GOV, now would be a good time to do so. Even if you’re not yet collecting benefits, creating your online account opens the door to many, many features…
How fragile is your financial retirement future?
When it comes to making sure your retirement nest egg will last you a lifetime, there are some things you should do now. The often touted “4% Rule” may need some tweaking if your investments don’t perform well, and the…
Fear of the unknown shouldn’t keep you from retiring
Even those who have spent a lot of time planning for their retirement can become paralyzed by fear of the unknown when it comes to actually cutting the cord to their working career. To paraphrase Robert Burns, “The best laid…
Even if Social Security overpays you by mistake, you’ll have to repay them
Social Security is, for the most part, pretty good at properly computing your benefits based upon your own personal claiming strategy. But it’s not unheard of that they can make a mistake and cause you to get a larger benefit…
Honesty is the best policy for retirement planning
Everyone loves an optimist, but an overly optimistic retirement vision which leaves out certain realities can be devastating. It’s vitally important to be honest about your retirement expenses and especially about your retirement savings, as this Kiplinger article by John…
Young workers’ mistakes could destroy their retirement dreams
It’s really hard when you’re young and embarking on your career to even think about a retirement that could be 40 or more years away. And when the financial challenges of starting a family, buying a house or paying off a…
Your retirement plan should include more than just money
When planning for their retirement a lot of people know what they want to retire from, such as an unrewarding job, a long commute, or simply “the rat race”. But far too many people don’t really plan for what they…