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Building a retirement income portfolio
For those who are nearing retirement, its important to build an income portfolio that covers all of the needed basic and discretionary expenses for their golden years. This CBS Money Watch article by Steve Vernon talks about the critical role Social…
When to retire? Trend is moving to waiting longer.
There’s no easy answer to the “When to Retire” question, and many still start Social Security as soon as they’re eligible, but the latest trend is that more people are waiting longer to start their benefits. These are the folks who…
Don’t want to live on Social Security alone? Now is the time to start saving.
It’s estimated that about 33% of Americans have nothing at all saved for retirement, and even more frightening is that about 30% of those are over 55 years old and approaching retirement. Social Security was never intended to be a…
Government workers and Social Security
Many people who work in the public sector – such as teachers, police officers, firefighters and Federal employees who are not covered by the Federal Employees Retirement System (FERS) – may be in for a surprise when they’re ready to retire: two…
Plan ahead for when to take Social Security
All too often, people make an emotional decision on when to begin their Social Security benefits, instead of taking a measured, calculated approach. That can end up costing you some significant money, as the article by financial advisor Laura Medigovich…
Why do so many seniors start Social Security benefits early?
About 60% of Social Security beneficiaries start collecting their benefits before they reach their full retirement age, which is somewhere between 65 and 67 depending upon when you were born. There are a lots of reasons why seniors are doing…
Use the 10 years before you retire to beef-up the strength of your retirement plan.
Unfortunately, many people approaching retirement age find themselves with insufficient savings to carry them comfortably into their golden years. But, with a little advanced planning, there are actions you can take to help you along the way. This USA Today…
What is your Social Security “break even point” ?
Your “break even point” – the age at which you would have collected the same total amount of benefits whether you retired at 62 or your full retirement age (66 for most baby boomers) – has many variables. Looking at this…
Millennials accept mandatory savings for retirement.
Unlike many of their baby boomer parents, most of the millennial generation accept that mandatory savings for retirement should be a part of their work life. Recognition that lack of adequate savings is one of the most damaging causes of…
A few tips on retirement.
There are a few retirement thoughts for you to consider described in this article appearing at theweek.com, including tips on retiring as a couple, improving your retirement position by trading college debt for a lower interest home mortgage loan, and some significant…