retirement
Americans feel strongly about Social Security
Americans feel strongly about Social Security and are worried about its future, according to two recent surveys. The first, commissioned by the Bipartisan Policy Center’s American Savings Education Council (ASEC) and conducted by Public First, found that “93 percent of…
What will Millennials’ retirement look like?
We all have dreams of what our retirement will look like. I know I do. Will yours be traveling the world, improving your golf or pickleball game, or just spending more time with your loved ones? Whatever it is, each…
Avoid these retirement mistakes
A record number of American workers will soon be entering retirement, but are they prepared? There are many moving parts to retirement, ranging from knowing how your pension will be paid out, when to claim your Social Security benefits, and…
Why working longer is a risky plan
More Americans are considering postponing retirement. According to a new survey from F&G Insurance Company, 70 percent of workers have thought about delaying their retirement date. Why? Almost half of the survey respondents cited “fears of not having enough money…
Prevention is cheaper in the end
In 2023, the average retiree household incurs approximately $21,400 in annual healthcare costs, with many retirees facing costs of $43,500 or higher. While there is no crystal ball to predict exactly what you will spend on healthcare in retirement, there…
You mistakenly filed early for Social Security
You realized that claiming your Social Security benefits before your full retirement age was a mistake. But you do have options to correct that mistake, so let’s look at your options. Withdrawing your application You can withdraw your application within…
Ask Rusty – How Do I Apply for Social Security and Receive my Payments?
Dear Rusty: I’m ready to apply for my Social Security benefits, and I’m aware of how my benefits are calculated. What I would like to know about is how the application process actually works and how my benefits are…
Where Are Social Security Problems Most Impactful?
Reports from the Transamerica Center for Retirement Studies note that “Over half of retirees surveyed (53%) expect Social Security to be their primary source of income throughout retirement.” Drawing a correlation between household income and the importance of Social Security…
The Changing Face of Retirement
What at one time was the norm—throw in the towel at 65 head for the comfort of retirement—appears to be vanishing. So say the results of a Nationwide Retirement Institute survey reporting that “nearly six in ten pre-retiree investors said…
Thoughts on Preparing Financially for Retirement
As suggested in an earlier post, seniors thinking about how they’ll survive financially in their retirement years is casting a pall on those “golden years.” And to put a finer point on the issue, an article posted by ainvest.com suggests…