retirement
It’s Never Too Early to Start Planning Financially for Your Retirement
Do not wait until later in life to think about retirement. While you may feel young and carefree now, you must plan ahead to ensure you can afford the retirement of your dreams when the time comes. Many still target…
AI’s Social Security Advice is Not Always Correct
AI is often cited as the reason so many people are losing their jobs. But when it comes to Social Security advice, the answers you receive may not be correct. For example, check out this earlier post describing an unfortunate…
You’re finally 62, but is it time to start your Social Security benefits?
After years of working, reaching the age of 62 means you can access Social Security benefits. But is it optimal for you now? Do you still plan on working? If so, earnings are limited until your full retirement age (FRA).…
When does my Social Security payment come in May?
More than 75 million Americans currently collect Social Security benefits. Matt Durr’s article outlines the May 2026 payment schedule. Supplemental Security Income (SSI) recipients always receive payments on the first of the month, unless the first falls on a weekend…
Make The Most of Your Social Security
When to start Social Security benefits is your decision. If you are married, talk with your spouse about your options to make the most of your benefits. This choice affects your future, so consider your life expectancy, health, and other…
Will the Social Security Earnings Test Go Away?
Addressing an issue which has been a topic of Congressional discussion for quite some time, a legislative proposal known as the 2026 Senior Citizen Freedom to Work Act proposes to eliminate the penalty for those who exceed certain income limits…
Seniors in Retirement: Who Depends on What Income Sources?
Household income for retirees includes a small variety of sources, from 401(k) withdrawals to defined benefit plan proceeds to personal savings. and of course Social Security. The proportions of each are often measured to assess how an aging population is…
Claiming Benefits Mid-Year? If Continuing to Work, Check Out the Special Earnings Limit Rule.
Social Security regulations stipulate that upon beginning retirement, spousal, or survivor benefits, beneficiaries are considered “retired” and expected to leave the workforce. Current regulations allow continued earnings from employment for those who claim benefits before their full retirement age (NRA),…
Approaching Retirement? Advice for that First Year’s Spending.
If you’re on the cusp of retirement, congratulations on reaching that significant milestone. Be aware, however, that you’re entering somewhat uncharted waters regarding your financial situation, since your income stream has changed and your spending patterns will likewise shift. Just…
Concerns About Social Security Instability Fuel Drop in Retirement Confidence
Given the steadily rising media attention to Social Security’s looming insolvency, it should come as no surprise that workers–and even more so, retirees–are expressing growing anxiety about their ability to manage finances in retirement. A recent study by the Employee…