retirement

Millennials and the FIRE Movement: A Cautionary Tale

The thought of retirement way before conventional approaches is attractive to many younger workers desiring freedom from work life. That attractiveness has spawned the FIRE movement–“Financial independence, retire early”–and in recent past it seems to be growing n popularity. If…

One More Time: When Should I Take Social Security Benefits?

It’s not always a simple decision, and it’s one of the most frequently-encountered questions most financial planners receive from their clients. Here, in a less-than-three-minute video clip from Fox 2 St. Louis, is a summary view of points to consider…

Re-thinking the Term “Retirement” and Its Impact on Social Security and Medicare

As we’ve pointed out frequently on this website, the tempo is beginning to increase in the media regarding–finally–a serious look at correcting Social Security’s long-term financial woes. Many pundits and news sources have begun to step up their coverage of…

Understanding the Implications of Filing Early

The majority of seniors aging into Social Security eligibility opt to begin drawing benefits before reaching their full retirement age (FRA). For some, it makes sense. For others, waiting would likely produce a gain in the amount of monthly benefit…

A Summary of Bi-Partisan Suggestions for the Social Security Dilemma

As the calendar continues to advance toward commencement of the 118th Congress, we’re seeing an uptick in reports of potential changes that could be considered to address this thorny and complex problem. In a post today on wfmz.com, The Motley…

An Argument for Age 70 Full Retirement Age

As the rhetoric heats up in advance of the 118th Congress and the potential heightening of interest in finally taking a serious look at resolving the long-known financial crisis facing Social Security, we’re beginning to see more and more news…

Dealing With Social Security’s Income Tax Consequences

One of the most unpleasant issues many Social Security beneficiaries encounter is the fact that their benefit may be subject to federal income tax. Not only is it unpleasant, but it’s also often not anticipated during the retirement cash flow…

An Argument in Support of Filing for Social Security at Age 62

“Conventional wisdom,” as espoused by many financial advisors, generally calls for waiting until age 70 to begin drawing one’s monthly benefit. Yes, the monthly payment will be larger, since the claimant has avoided the discount applied to early filers and…

How people should adjust their financial plans

There is no one-size-fits-all retirement advice for soon-to-be retirees, especially retiring in an economic recession. We all have watched our retirement portfolios take a dramatic dip this year, with all the markets down double-digit percentages. Trina Paul explains what soon-to-be…

You can increase your benefits with a few steps

You can begin your Social Security retirement benefits as early as age 62. If you delay taking your Social Security benefits to the age of 70, your benefit amount will increase. Since Social Security benefits are paid to you for…

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