retirement
Resolve to Protect Yourself From Scams This New Year
(Source -By William Bardin, Acting Associate Commissioner for the Office of Program Integrity of The Social Security Administration) As we welcome in the new year, let’s make protecting ourselves against scams a top priority. Ring in 2025 with some smart…
A new year but the same solvency issues linger
A new year, but the same old problems linger. Social Security continues a problematic path with looming insolvency and benefits cuts as soon as 2033; that is only eight years away. What about Medicare? Medicare Part A (Hospital Insurance or…
Don’t forget these changes for 2025
One of your New Year’s resolutions may have been to set your financial goals for 2025. One item you will need to remember is the annual changes to Social Security, which will impact your finances. Charlene Rhinehart has outlined three…
Retirement Thoughts that Keep Folks Awake
It’s a scary time for many…this pre-retirement phase when you begin to reflect on how prepared your are (or aren’t) for stepping into the post-career chapter. For some, it can produce resolve to gear up for the home stretch, while…
Correlating Retirement Ages and Social Security Claiming Ages
Retiring, defined as stepping away from the workforce, and filing for Social Security benefits, defined as laying claim to the benefits earned while a part of the workforce, are two separate milestones in the financial picture for older Americans. They…
“Unretiring” Is Becoming a Growing Trend for Seniors
Whether it’s a lack of finances or a remedy for boredom, statistics show that more and more retirees are electing to return to the workforce. In 2022, for example, Indeed Hiring Lab reported that millions of retirees had returned to…
An Insolvency Reminder–The Clock Continues to Wind Down
Anyone following Social Security-related news this year and for the past several years is well aware of the program’s steadily declining financial situation. More and more folks are waking up to the possibility of legislative inattention to the problem and…
Only 4% claim Social Security at 70
You can start receiving your Social Security retirement benefits as early as age 62 but at a reduced amount. However, you are entitled to full benefits only when you reach your full retirement age. If you delay taking your benefits…
Does the 4% rule still hold true?
Developed by financial planner William Bengen in 1994, the 4 percent rule is a widely accepted guideline for determining how much a retiree can withdraw from their retirement savings each year without running out of money. But does this still…
The top regret of retirees
What is the one thing that the majority of retirees regret? When asked in a recent survey, the number one regret of retirees was they did not prioritize saving for retirement during their younger working life instead of waiting to…