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Taking Social Security at your full retirement age is often the best option
While 62 is the most popular age at which to apply for Social Security, benefits taken early are significantly reduced over what you get by waiting until your full retirement age to apply. Although the size of your benefit check is…
Retirement dreams: Musing about those golden years
Dreaming about your future retirement can surely be fun, but how did the concept of retirement even come into being? In this article at Enterprising Investor, author Susan Hoover muses about the history of the retirement concept, summertime retirement dreams,…
Milestones to see if your savings are on track for retirement
Every financial advisor will tell you that your personal savings will play an essential role in your future retirement. But how do you know how much to save and whether or not you are on track to enjoy the retirement…
Social Security alone won’t fund your future retirement
Especially for millennials, there’s a fair amount of skepticism that Social Security may not be there for them; thus many don’t count on it being a part of their retirement. And even though Social Security benefits will actually be there for workers,…
A basket full of Social Security services
As summer time approaches your thoughts may turn to picnics, and fulling your picnic basket with lots of goodies. Using this analogy, Jim Borland, the Social Security Administration’s Acting Deputy Commissioner for Communications, describes the “basket full of useful offerings”…
The “4% Rule” isn’t always best for retirement withdrawals
The “4% rule”, which recommends limiting annual withdrawals to 4% of your retirement nest egg in order to preserve it for your lifetime, has long been the standard recommendation by most financial planners. But because the investment market has its up’s and…
Family Physicians Academy pleased with removing SSN from Medicare cards
It might be comforting to know that doctors who provide a majority of our healthcare services approve of the Government’s initiative to remove Social Security numbers from Medicare cards. The American Academy of Family Physicians (AAFP) reports that it is…
Social Security is there for survivors
The trauma of losing a loved one can be debilitating, but rest assured that Social Security survivor benefits will be there to ease at least the financial stress of those left behind. Social Security survivor benefits may be paid to…
Re-visit your retirement plan regularly
Regardless of when you start your retirement planning, and the earlier the better, changes occur over the years. That’s why you shouldn’t think of your retirement plan as a “set it and forget it” accomplishment, but rather one that you…
Don’t run out of money in retirement
The number one worry harbored by people in or approaching retirement is that they will run out of money while they still have years of life to live. With the retirement landscape changing, savings take an increasing important role, but…