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Comparing your retirement age options
When evaluating at which age to start your retirement you may want to look at how your lifestyle might be affected by retiring at, say, age 65 instead of waiting until age 66 as planned. In this article appearing in…
Is Social Security going bankrupt?
There’s so much hyperbole today about Social Security’s financial status, including some who say it’s going “bankrupt”. Although there are some significant challenges with the program’s financial status, when it comes time for you to retire it will still be…
Regret taking Social Security early? Here’s a mulligan that may work for you
It’s pretty well known that Baby Boomers are retiring in record numbers, and many have chosen to start their retirement benefits early. But that choice to apply early means that they’ll see a significant reduction in their benefit amount, compared…
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…