retirement
Super savers and taxes
Are you a super saver? Are you part of the one-third of American retirees that have a plan to reduce taxes on your retirement savings? The new age for taking required minimum distributions, or RMDs, is now 73, which could…
Why is the average Social Security benefit so low?
Regarding Social Security benefits, it is not the same amount for everyone. Many factors will impact the benefits you will receive – how many years you worked, how much you made during your career, and when you decide to begin…
Workers want lawmakers to shore up Social Security
U.S. workers want lawmakers to address Social Security’s insolvency issue. In a recent report, 58 percent of workers said they want the President and Congress to fix Social Security. However, when asked what Congress should do, the response was mixed,…
Women are lagging behind in saving for retirement
There is a retirement crisis looking for women. According to a recent survey by Prudential Financial, women have only saved about one-third of the amount men have for retirement. Women were three times more likely to be focused on their…
Social Security changes for 2025
We are almost at the halfway mark for the calendar year 2024; now is the time to be aware of some changes to Social Security in 2025. What are these changes? Christy Bieber outlines the three Social Security changes we…
Are you on track for retirement?
Are you on track financially for retirement? If not, you are not alone. According to a recent survey by Prudential, only 1 in 5 people 55 years old have the recommended eight times their salary in their retirement accounts. Aimee…
Why take the risk?
You can start receiving your Social Security benefits as early as age 62; however, if you start receiving benefits early, your benefits are reduced a small percent for each month before your full retirement age. That small percentage could add…
Surprised With Your Low Social Security? You’re Not Alone
Social Security benefits only replace 33 to 55 percent of the average earnings for American workers. Social Security is the largest source of income for most beneficiaries and some, their sole source of income. With the current economic conditions, you…
Generation X is particularly nervous about retirement finances
As the first Generation X members near retirement age, they have become concerned about retirement finances. Although the older generations had pension plans, Generation X workers were the first generation of workers to have 401(k)s as their financial savings tool…
Here’s the average age retirees claim Social Security
You can start receiving your Social Security retirement benefits as early as age 62; however, you are entitled to full benefits when you reach your retirement age. If you delay taking your benefits from your full retirement age up to…