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Options for Restoring Social Security to Solvency
It’s certainly no secret that Social Security will be facing some serious financial difficulty in about ten years – that fact has been all over the media for a few years now. The stark reality is that reform of the…
Retirement Savings: How do yours compare to others?
Just about any article you read about retirement planning will encourage you to build your nest egg as big as you can before retiring, because Social Security alone likely won’t be enough to sustain you in your golden years. Across…
Planning For Your Retirement
” … people shouldn’t view retirement as “an endless vacation.”” Instead, they should dive into their inner selves and values,” according to this Yahoo! Finance article by Tina Nazerian. What will your retirement look like? Do you have a specific…
About Raising Social Security’s Full Retirement Age
Hyperbole and apparent political endorsement aside, this Motley Fool article by Maurie Backman identifies and tacitly endorses a controversial solution to Social Security’s financial woes – raising the full retirement age (FRA). FRA is when a claimant can get 100%…
Avoiding Medicare’s Late Enrollment Penalty
Just as Social Security is the nation’s foundational retirement financial program, Medicare is America’s foundational healthcare program for seniors aged 65 and over. Medicare, however, can be tricky, especially if you miss the Initial Enrollment Period which starts 3 months…
Be Smart About Your Social Security Benefits
Let’s face it – Social Security was never meant to be your sole source of income in retirement. In reality, Social Security provides only about 40% of what you’ll need to retire comfortably, so having an additional source of income…
Millennials Likely to Bear the Burden of Social Security Reform
Given all the media coverage in the past year or so, it’s now pretty well known that Social Security – the nation’s bedrock retirement program – will face serious financial issues in about a decade. Although the recently released Social…
Your spouse has passed away. What do you do about Social Security Survivor Benefits?
When your spouse predeceases you, you may be eligible for survivor benefits. There are options to consider, especially if you have not yet started your own Social Security benefits. You can take one benefit and switch over to the other…
Will taking Social Security at age 62 give you enough income to survive?
This article by Christy Bieber published on May 24, 2024 by Yahoo Finance articulates different scenarios for different retirement ages. Taking Social Security early will give you a reduced payment but more years of that income and waiting will give…
Important information about your Medicare Eligibility
This article is written by Diane Omdahl for Forbes and published on May 23,2024. Depending on your situation, you may not automatically qualify for Medicare, especially premium free Part A. As Diane points out it is important to think about…