retirement
Planning For Your Retirement
” … people shouldn’t view retirement as “an endless vacation.”” Instead, they should dive into their inner selves and values,” according to this Yahoo! Finance article by Tina Nazerian. What will your retirement look like? Do you have a specific…
About Raising Social Security’s Full Retirement Age
Hyperbole and apparent political endorsement aside, this Motley Fool article by Maurie Backman identifies and tacitly endorses a controversial solution to Social Security’s financial woes – raising the full retirement age (FRA). FRA is when a claimant can get 100%…
Social Security Solvency: A Perspective
Considering all the media exposure the topic has received in recent years, you’re likely already aware that Social Security is facing some financial issues in the not-too-distant future. To be exact, 2033 is when the program’s Trustees currently project Social…
Avoiding Medicare’s Late Enrollment Penalty
Just as Social Security is the nation’s foundational retirement financial program, Medicare is America’s foundational healthcare program for seniors aged 65 and over. Medicare, however, can be tricky, especially if you miss the Initial Enrollment Period which starts 3 months…
Be Smart About Your Social Security Benefits
Let’s face it – Social Security was never meant to be your sole source of income in retirement. In reality, Social Security provides only about 40% of what you’ll need to retire comfortably, so having an additional source of income…
Millennials Likely to Bear the Burden of Social Security Reform
Given all the media coverage in the past year or so, it’s now pretty well known that Social Security – the nation’s bedrock retirement program – will face serious financial issues in about a decade. Although the recently released Social…
Will taking Social Security at age 62 give you enough income to survive?
This article by Christy Bieber published on May 24, 2024 by Yahoo Finance articulates different scenarios for different retirement ages. Taking Social Security early will give you a reduced payment but more years of that income and waiting will give…
An exception to the Social Security payment schedule
By Aliss Higham on May 24, 2024 for Newsweek Social Security payments are very consistent with the payout dates. Supplemental Security Income payments are deposited on the first of the month. Retirement benefits are paid on the 2nd, 3rd, and…
Standing Up for the 401k…They’re Not as Bad as Some Suggest
Many folks now in or soon to be in their retirement years have accumulated a substantial nest egg as a result of having access to tax-deferred savings plans, like 401ks. It’s probably fair to say that without the incentive of…
A Glimmer of Optimism in the Retirement Planning Picture, Perhaps?
Financial security in retirement is a major concern in the minds of many workers looking toward that life phase. So much of the news over the past few years has been gloom and doom, with Social Security’s looming insolvency and…