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The “Magic Age” for Retirement: A Moving Target
Mark Sievers of Wealth Matters, in a post today on www.dailyrepublic.com, provides a recap of how the “magic age” (a.k.a., your full retirement age) has evolved over the years. His article also discusses the trade-offs associated with filing at various age…
The Benefits of Waiting to Age 67 to File
Coordinating spousal benefits is an important factor in maximizing Social Security benefits for the long haul, and waiting to age 67 to file will provide a path to getting the most. Brian Stoffel of Fox Business provides some background on this…
Women, Retirement, and the Gender Wage Gap
The challenges women face in retirement have been discussed widely in various media reports, from care-giving responsibilities to the financial shortfalls caused by wage disparities during the working years. Anya Kamenetz of the Tribune Content Agency takes another look at…
Another Case for Filing at Age 62
While the decision to file for Social Security benefits at age 62 is so often lumped into the “stupid decision” category by pundits and the media, there can be legitimate reasons for doing so. And these reasons didn’t totally evaporate…
The Social Security Earnings Cap Through the Years
Ever wonder how the annual cap on wages subject to Social Security tax has evolved since the beginning? It hasn’t always changed each year, and it hasn’t always been indexed to any inflation indicators; nevertheless, it has grown from a…
More Thoughts on Saving for Retirement
Sure, it’s a daunting concept: saving enough for a comfortable retirement. There are many questions, and many roadblocks (like life often getting in the way), but there are also many sources of helpful information available for you. Here, in an…
Disability Trust Fund Improves
(Source: Social Security Administration) Social Security has released the final 2016 numbers on the Disability Insurance Trust Fund. The Trust Fund balance had been declining over the last few years until there was a temporary reallocation of FICA revenues. That…
Retirement Financing: Putting the Clients First
Labor Department rules finalized last year are intended to require financial advisers to adhere to a fiduciary standard, meaning that they are required to ensure that advice given to clients is in the clients’ best interests in all cases. But…
NASI Issues Report on Social Security & Medicare Reform Options
The National Academy of Social Insurance earlier this week issued its 2017 report on options for Social Security, Medicare, and other federal benefit programs. The report, titled “Report to the New Leadership and the American People on Social Insurance and Inequality,”…
A Call to Teach Our AAPI Seniors About Social Security
(Source: Social Security Administration) As we approach the new lunar year of the Rooster, we have a unique opportunity to alert our Asian American and Pacific Islander (AAPI) seniors about Social Security benefits and eligibility — like the rooster issues…