retirement
Poll Results: How do you feel about Social Security?
In one of the most comprehensive analyses we’ve seen lately, the Cato Institute, in this article, provides a very detailed and comprehensive evaluation on how Americans of all generations view the Social Security program. And the picture is not particularly…
Social Security Insolvency – Coming up fast!
The clock is ticking, with Social Security’s reserved funds expected to be depleted as early as the year 2032! And that would be a crisis for most American seniors (and others) who rely on Social Security for much of their…
Which Social Security 2026 Change will hurt the most?
Well, you may be surprised to see that this Motley Fool article by Keith Speights suggests that the 2026 Social Security change that will hurt most is the 2.8% Cost of Living Adjustment (COLA). But how can an increase in…
Do You Know Your COLA?
“COLA” – the annual Cost of Living Adjustment – is an important financial factor which most seniors look forward to each year with considerable anticipation. Especially due to recent inflation, COLA is how we can all keep up with rising…
2026 Healthcare Costs Going Up!
I guess it’s not terribly surprising that healthcare costs, along with most other living expenses, are going up next year. And, for healthcare, those increases are significant – from the Medicare premiums seniors must pay for their coverage, through the…
Delaying Social Security: Risk vs. Reward
Most financial advisors will suggest that waiting for a higher Social Security benefit is a wise strategy, yet very few seniors actually heed that advice. In fact, only about 10% of all SS beneficiaries maximize their Social Security benefits by…
Social Security in 2026
Each year, the Social Security Administration implements changes which can effect you, even if you are not yet collecting retirement benefits. Those changes are largely based upon national economic conditions and, for higher earners, will affect how much SS tax…
Claiming Social Security at 62: Discussing the Pros and Cons
In this interesting article by Kerry Hannon at Yahoo! Finance, the author provides an interesting perspective about the wisdom of claiming Social Security retirement benefits at the earliest possible age (62). It has been an ongoing debate with many diverse…
Ask Rusty – Why Won’t Social Security Give me my Benefits?
Dear Rusty: I called the Social Security office, as well as went with my husband when he went to collect his Social Security. Because I work full-time (at about $800/week), they said I could not file for my Social Security.…
Social Security: It’s not just for the elderly!
What do you think of when you hear the term “Social Security?” Those words might conjure up thoughts like “senior citizens,” “retirement,’ or, perhaps, “golden years.” And while those monikers are at least partially descriptive of the American Social Security…