retirement age
America’s Retirement Age: 85 is the new 65!
Old norms take a long time to change, but one lingering phenomenon seems to be changing – retirement age in America. For many decades, age 62 (when Social Security benefits become available) or age 65 (when Medicare becomes available) have…
Claiming SS at 62 vs. Waiting Longer
Age 62 is the most popular age at which to claim Social Security benefits but, as explained in this article at The Globe and Mail, claiming at age 62 also means getting a much smaller benefit for the rest of…
What is the True American Retirement Age?
What do most people think of as America’s “retirement age?” Many think that it is age 62, because that is when you can first claim Social Security benefits. Others consider 65 to be the official “retirement age,” for two reasons…
Examining the “Working After Claiming Benefits” Trend
One of the prevalent trends in the U.S. workforce participation rate these days is the increasing number of folks remaining employed through age 70. Think Advisor senior reporter John Manganaro takes a deep dive into this trend in a post…
A Quick Look at Some Social Security Misconceptions
Many folks aging into Social Security eligibility, as well as many younger folks just beginning to think about their retirement years, have heard a few things about the program. Unfortunately, many of the things they’ve heard may not be accurate.…
The “When to File” Question Again, Along with an Analysis of the Ramificatons
For most folks approaching Social Security eligibility, it’s probably a vexing question…do I file as soon as I can, wait until my full retirement age, or hold off until age 70? The standard answer provided by those close to the…
Life Expectancy, A Critical Piece of the Social Security Solvency Puzzle, Rising Again
Yesterday, the Centers for Disease Control and Prevention (CDC) released statistics indicating nearly a year of growth in Americans’ expected lifespan. Longevity, of course, is a major factor in the long-term financing of Social Security, presenting a challenge to ensure…
Social Security in 2025: Many changes, but some constants.
You’re probably well aware of some of the “regular” changes in Social Security that occur automatically with the calendar changing. Parameters like the taxable maximum, the cost-of-living adjustment, the earnings test limits, and so on are updated yearly to keep…
Ask Rusty – I’m Working after age 65; Why Aren’t I Exempt from Medicare Part B Premium?
Dear Rusty: Why, as I continue to work after age 65 and have FICA taxes taken from my check, am I – or anyone – also compelled under the threat of penalties, rate increases, etc. to immediately take Medicare Part…
Taxing-the-Wealthy Theme Highlighted Via Survey
As we’ve been suggesting for several months, legislative interest in addressing Social Security’s steadily unraveling financial picture appears to be heating up. That’s understandable, with the clock ticking louder and louder as the 2033 point of trust fund insolvency moves…