seniors
Social Security for Children
If you are an older parent of a minor child, you may not be aware that when you claim Social Security benefits your minor child may also be eligible for Social Security benefits. There are, of course, restrictions and the…
Redefining “Retirement” (to include working)
The word “retirement” usually conjures up an image of simply hanging up one’s work boots and living a life of leisure, maybe just lounging in a hammock and reading or, perhaps, traveling to exotic places. But in these days of…
The Importance of your Full Retirement Age to your Social Security retirement benefit
Each year, the Social Security Administration changes some rules affecting your benefits, so knowing the changes goes a long way toward choosing when to claim Social Security. Your “full retirement age” – which is when you get 100% of the…
Can you retire on $80,000 per year?
Not according to Suze Orman, a highly acclaimed and frequently quoted retirement counselor. In this Yahoo! Finance article by Jeannine Mancin, the author quotes Ms. Orman as saying that if you think you can retire on $80,000 per year, “I’ve…
Medicare’s “enrollment periods” explained
Although most people enroll in Medicare during their “Initial Enrollment Period” (IEP), which starts three months before the month you turn 65 and ends three months thereafter, there are other times which you can also sign up for Medicare healthcare…
Not sure your nest egg will support your retirement? Here are some tips to correct that.
Many who are approaching retirement are uncomfortable that their savings and investment (otherwise called their “nest egg”) will be enough to keep them comfortable in retirement. It that is you, and you still have some time to adjust, then this…
“Phased Retirement?” More Aging Workers are considering it!
The old tradition of working for a lifetime and then hanging it up to enjoy one’s “golden years” seems to be fading fast. As life expectancy continues to increase, many seniors find that going from full-time work to 100% idle…
Interesting Twist: Social Security Can Free You to Invest More Aggressively
Historically, most investment advisors counsel us to become more conservative in our investment strategy as we approach retirement. Conventional wisdom often suggests changing our investment portfolio from higher-risk stocks to lower risk investments such as the guaranteed returns from the…
5 Key Facts about Medicaid Eligibility for Seniors and People with Disabilities
Options under consideration in Congress to reduce Medicaid spending by nearly one-third in future years could have major implications for seniors and people with disabilities. Nearly 1 in 4 Medicaid enrollees are eligible for the program because they are ages…
Does paying off a mortgage ASAP make sense for retirees?
The Joint Center for Housing Studies of Harvard University recently released a report showing that the number of homeowners aged 65 to 79 with a mortgage on their primary home has increased to 41 percent. Also, homeowners aged 80 and…