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Thoughts on the Future of Social Security
In a recent telephone interview with ThinkAdvisor, William Reichenstein provided a series of insights into Social Security claiming strategies and the overall future prospects for Social Security’s long-term solvency. Reichenstein, a Baylor University professor and chairman of investment management for Leawood,…
Share the Gift of Security
(Source: SocialSecurity.gov) We have all received gifts we’ve wanted to return: ugly socks or sweaters that look exactly like the one you got (or gave!) last year. Sometimes, just letting loved ones know that you’re there for them, no matter…
Don’t miss your Medicare enrollment deadline.
As we are coming up on the December 7th end of the annual open enrollment period for Medicare, it’s crucial that you know the penalty you’ll pay if you miss the enrollment deadline. There are actually two opportunities for you…
How much income will you need to retire?
One of the most fundamental questions facing anyone planning their retirement is how much income they will need to maintain a comfortable lifestyle in their golden years. As this madison.com article by Matthew Frankel points out, figuring out how much…
Thinking about Social Security soon? Here’s what you should know
For those about to age into Social Security, knowing your options and understanding the impact of your decisions is critically important. Knowing at least the very basic facts about how your benefit is calculated, the financial implications of retiring earlier…
25 Social Security facts to know
A recent study by a major insurance company found that only 25% of over 1500 respondents got a passing grade on a 10 question test of their Social Security knowledge, and only 1 person got all 10 questions correct. This…
The case for taking your Social Security benefits earlier.
Most advisors are careful to highlight the financial benefits of waiting until your full retirement age to start your Social Security benefits, because of how your payments will grow the longer you wait. This article by Brian Stoffel at The Motley…
When should you take Social Security? Do the analysis.
Opinions abound about when people approaching retirement should start their Social Security benefits, but in the end the answer comes down to “it depends”. Considering that it’s one of the most important decisions any retiree will ever make, it’s worthy of the time…
There are different types of retirement: What’s best for you?
When we think of the word “retirement”, what does it actually mean? Well, no question it means different things to different people. This article by J.D. Roth appears at moneyboss.com and explains five different types of retirement, starting with what many…
Savings is the key to a comfortable retirement
It’s pretty commonly known that a whopping 50% or more of Americans have less than $10,000 saved for retirement and that over 30% of those have nothing saved at all. Those are some pretty foreboding statistics, but if you want…