retirement
How long does your “nest egg” need to last?
It’s a frightening question to many, especially those who have a pretty good idea that their accumulated retirement savings just might not be sufficient. It’s also a question that by its very nature is unanswerable. It’s sort of like “how…
Can Your the Value of Your Social Security Benefits Decrease?
Well, yes, and there are several ways that this could happen. As outlined in an article by Selena Maranjian posted on missoulian.com, there are two scenarios under which benefits could be impacted negatively, with the first being the result of…
Don’t let the current market whiplash spook you!
These are tense times for retirees and those looking near term at retirement. It would be naive to say that all is well, although history tells us things will settle down and there will be a recovery, but what is…
3 Reasons Why Social Security is Important to Women
(Source: Social Security Administration) In the 21st century, more women work, pay Social Security taxes, and earn credit toward monthly retirement income than at any other time in our nation’s history. Yet, on average, women face greater economic challenges than…
The Importance of a Balanced Savings Strategy
It sounds kind of counter-intuitive to say it, but a post by The Motley Fool’s Katie Brockman on ravallirepublic.com suggests that the reflex to “…start saving as early as possible and sock away as much as you possibly can in…
More Thoughts on Deferring Social Security Benefits
The value of holding off on Social Security benefits is pretty well known these days, and many financial advisors extol the virtue of an 8% return on your deferred benefits (especially in view of the paltry–and declining–interest rates offered by…
Younger Workers…Check Out This Advice
For someone in their 20s, perhaps just getting settled into a career track, thoughts of retirement or at best distant and hazy. It’s typical at this point in life to procrastinate on serious thought of preparing for those “golden years,”…
Understanding the “Retirement Red Zone” and How to Navigate Through It
The “retirement red zone” is described by Anthony Adenikinju of Impact Partners in a post on Forbes.com as “the five-year period before retirement and the first five years during.” It’s not just a period of time…it’s a period of time…
The Persistent Question: When Should I File for Benefits?
The AMAC Foundation’s Social Security Advisory Service has fielded early 9,000 individual requests for help since its January 2016 launch. And while many of the requests we’ve fielded deal with the complexities of Social Security’s myriad rules and regulations, like…
Examining the “$1 Million” Retirement Goal
Will it be enough? Christy Bieber, posting in the Sioux City Journal, takes a look at how attaining this goal–if one even can–will work out for you in retirement. She cites the impact of withdrawal guidelines, inflation, and longevity as…