retirement
There is plenty of concern about Social Security among current retirees.
The Social Security program is vital to many Americans who depend on it in retirement. However, the Social Security Trust Fund reserves are running out of money. When that happens, Social Security will only be able to pay about 80…
Making an informed choice about when to claim Social Security
Starting your Social Security retirement benefits is an important step on your retirement journey. The Social Security Administration reports: Elderly Social Security beneficiaries, 12 percent of men and 15 percent of women, rely on Social Security for 90 percent or…
The retirement gap
One question facing American workers is: How much do I need to save for retirement? According to the latest survey from Charles Schwab, the average amount participants said they would need to retire comfortably is $1.8 million. Compared to the…
Before you file for Social Security
The fear of running out of money in retirement is a rational one. After all, you have spent your entire career making and saving money, but even that may run out. However, you will receive your Social Security benefit for…
Common misconceptions about how Social Security benefits are calculated
Among Social Security beneficiaries, 37 percent of men and 42 percent of women receive 50 percent or more of their income from Social Security. Among elderly Social Security beneficiaries, 12 percent of men and 15 percent of women rely on…
Seven reasons for nest egg disparities
A new report from the Government Accountability Office found the retirement savings balances of high-income households were nine times higher than middle-income households. Although income and race are two factors for the substantial balance increases for high-income households, other factors…
When you’re able to retire on schedule
Starting your Social Security retirement benefits is a major step on your retirement journey. You can begin your retirement benefits as early as 62 or as late as 70. If you start your Social Security benefits as early as 62,…
Top 10 best states to retire in
When you picture your retirement, is it full of swaying palm trees and tropical breezes? However, you may be changing your mind based on the latest Bankrate study on the best state to retire to. Every year Bankrate looks at…
Places that make retirement feel like a vacation
Many people feel that retirement should be treated like a vacation, a time to rejuvenate your body, mind, and soul. Discover new passions or devote more time to passions or hobbies you already have. You may be thinking of relocating…
How can you make a retirement savings plan when you run your own company
Though large corporations get the spotlight, according to the U.S. Small Business Administration, the reality is that the vast majority of businesses in the U.S. are small businesses. There are an astounding 33.2 million small businesses across America. Of the…