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Grandchildren can help you with online Social Security services
It’s no secret that many senior citizens aren’t as technologically astute as those in the younger generation. And due to budget constraints and staff reductions, the Government’s trend is to provide more and more of Social Security’s services online. Therein…
Turning 65 but confused about Medicare? You’re not alone
Although nearly all those surveyed said they plan to enroll in Medicare when they become 65, a large majority admit to some level of confusion about the program, it’s parts (A, B, C & D), and whether to enroll in…
The “sandwich generation”, and their problem saving for retirement
The “sandwich generation” is comprised of people who have children on one side of them and parents on the other, either or both of which may need some financial assistance. It’s a tough call to decide whether to save for your…
Don’t forget to tell your children your retirement plans
You’ve probably spent a lot of time preparing yourself for retirement, and that’s certainly a good thing. But if you have children, making sure that they understand your retirement outlook, especially your money, health and where you plan to spend…
Getting the most out of your retirement
Because so much is written about the financial aspects of retirement planning, the emotional side is too often overlooked. But enjoying your golden years by pursuing your passions is at least as important as making sure you have enough income to be…
Inflation taking a bigger toll on stagnant Social Security benefits
Everyone now collecting Social Security knows that the Cost of Living Adjustment (COLA) has been zero in 3 of the last 8 years and a paltry 0.3% this year. And, unfortunately, the Consumer Price Index from which those COLA adjustments…
The reasons why more people don’t wait until age 70 to take Social Security
A large majority of Social Security recipients claim their benefits earlier than their full retirement age. But despite the significant financial benefit of waiting beyond full retirement age, a very small percentage – only 2% of men and 4% of women…
Americans are getting smarter about claiming Social Security
Though a majority of Americans still apply for Social Security before their full retirement age (between 66 and 67 depending on when you were born), recent polling data show that the percentage of folks planning to take benefits as soon…
When the rich collect Social Security
Though they don’t really need it, the rich and even the super-rich among us are entitled to and frequently collect Social Security benefits, although they are subjected to the same maximum benefit rules as everyone else. But there are circumstances…
Deciding when to retire should mainly consider four things
The question most frequently asked Social Security Advisors is “When should I retire?”. Of course the answer is always “It depends” on several factors, and certainly each person is different. This Motley Fool article by Jason Hall explains that the…