retirement
Things you should be doing right now to maximize your future Social Security benefit
You are entitled to full Social Security benefits when you reach your full retirement age. If you delay taking your benefits from your full retirement age up to the age of 70, your benefit amount will increase by eight percent…
Social Security benefits and what may happen in the worst-case scenario
You hear people talking about how Social Security will not be there for them when they retire, even when waiting in line for a table in a restaurant. It is good that people are talking about and aware of the…
The average retired-worker benefit at age 62
You can start receiving your Social Security retirement benefits as early as age 62; however, if you start receiving benefits early, your benefits are reduced. There are advantages and disadvantages to taking your benefits before your full retirement age; however,…
Are you overlooking a Roth IRA?
While retirement planning is different for everyone, there is one fundamental aspect that consistently factors into all plans: retirement savings. Although less than 25 percent of employees use an employer-sponsor 401(k) plan, if you are looking for a different retirement…
Don’t let these misunderstandings trip you up
Roughly half of the Social Security recipients receive at least 50 percent of total family income from Social Security, and about one-quarter of the seniors receive at least 90 percent from Social Security. Since Social Security plays an important role…
Ask Rusty – When Should I Retire and Claim My Social Security Benefits?
Dear Rusty: I am 64 years old and having difficulty working due to my arthritis, but I can continue part time as a podiatrist. I do not know the best way to determine when to retire. What is the formula…
Retirement Planning: Thoughts to Help Avoid the “Financial Vortex”
In a post on BusinessInsider.com, contributor Cork Gaines explains how Goldman Sachs views the absence of effective retirement planning can spawn a “financial vortex” that can create havoc for future retirees. The term “vortex” is frightening to many, since it…
Not Everybody Receives Social Security
Many believe that Social Security is universally available to those reaching retirement age. Not so, says a post by The Motley Fool’s Kailey Hagen in a recent post on their website. She examines three separate examples of three cases in which…
Debunking the Rumor of Social Security’s Impending Demise
Mainstream media is consistent in many ways, with many of the more prevalent headlines suggesting that Social Security is destined to vaporize about a decade from now. Most folks who have paid attention understand the fallacy in this suggestion, but…
Deteriorating Faith in U.S. Retirement System Shows Up in Global Study
The newest version of the Mercer CFA Institute Global Pension Index puts the U.S. Retirement system at a mediocre C+ rating, ranking 24th out of the 47 countries included in the ranking. In an article by MoneyWatch reporter Aimee Picchi…