retirement planning
Social Security and Retirement Planning…It’s More Than Just Numbers
The decision about when to claim Social Security retirement benefits is a milestone for many and, from a financial planning standpoint, is too often based on a “break-even” point. That may be a significant factor for many, but as suggested…
Implications of Claiming at Age 70: Consider Survivor Benefits in the Equation
Conventional retirement finance planning suggests deferral of benefits until age 70 to capitalize on delayed retirement credits. Yes, you do get a higher monthly benefit, and depending on the number of months you receive that payment, you can maximize your…
Updated: Social Security Resources for Financial Professionals
(Source – Social Security Administration) Dear Colleague, We updated our Information for Financial Professionals webpage to better support professionals who help individuals plan for their financial future. The refreshed page brings together key Social Security resources in one convenient location, making it…
Pictures may be the best way to explain retirement planning
When we hear experts saying, “Americans are not saving enough for retirement,” some people feel overwhelmed by the message. They feel it’s too complicated for them and do not start planning or are not fully invested in retirement planning, but…
Retirement Advice deemed “The Best”
We always look carefully whenever someone claims to have “the best” advice for anything, but this Kiplinger article provides an excellent synopsis of the things you should be looking at for “retirement planning.” From evaluating your life expectancy, to investment…
Will your retirement plans survive contact with reality
You thought you were on track with your retirement planning. You worked with a financial advisor, you maximized your Social Security, and you were a savvy investor. However, according to a recent survey, only 40 percent of respondents who retired…
How to avoid costly mistakes in retirement
“Retirement isn’t the end of the road — it’s the reward for the path you planned.” – Unknown Planning for retirement is hard, but it is worth it. Although some of us thought we had planned well for retirement, certain…
The biggest retirement blind spots
Retirement saving plans are not one size that fits all. Your retirement plan, which encompasses both savings and spending, must meet both your financial needs and your personal needs. Many people understand the savings part of the retirement planning equation,…
Retirement Security for Couples
We encourage Americans to focus on saving for their co-called “golden years.” Saving for retirement is, of course, important, but equally important is how Social Security income fits into each couple’s retirement future. After all, statistics show that, savings aside,…
Retirement Readiness and Financial Preparedness Can be Two Different Measures
Many U.S. adults approaching retirement express confidence in their ability to deal with living costs in their later years. An overwhelming majority–89 percent–of responses to a global survey by Prudential said so, yet just slightly more than half said they’d…