retirement
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 received. …
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…
Gloomy Outlook Causing Many to Rethink Retirement
With inflation and steadily rising healthcare costs in the picture, many peak-65ers appear to be hedging their plans to jump into retirement. The Alliance for Lifetime Income (ALI)’s 2025 Protected Retirement Income and Planning (PRIP) Study concludes that fear of retirement…
How Lack of Understanding Drives Perceptions of Social Security
CATO Institute’s recent Social Security survey produced results that indicate a fairly broad misunderstanding of the program’s fundamentals. For example, more than half of the 2,200 survey participants were not aware of the “pay as you go” formula used by…
One of the Most Popular Retirement Ages
When Social Security was made law, the full retirement age (FRA) was sixty-five, the age at which you could receive 100% of your Social Security benefit. Now the FRA has risen to age sixty-seven, depending on the year you were…
Are you on the way to retiring on your own terms?
If you are in your 40s, it’s time to take a serious look at where you stand in preparing for your retirement. Your retirement is now only 20 to 25 years away. You may think that is a long time…
The Social Security Administration is Working Hard to Ensure You Get the Help You Need
Commissioner Bisignano is visiting field offices across the country to discuss how new technology and process enhancements can better serve you, both by phone and in person. After gathering suggestions on how to improve service, the Social Security Administration implemented…
State Taxation of Social Security Benefits
When planning your retirement, consider the taxes you’ll have to pay. Nine states may tax your Social Security benefits depending on your income. If you have other income besides your Social Security benefits, odds are you will pay taxes. For…