Social Security
Pace of Retirements Continuing to Accelerate
You’ve most likely seen the oft-repeated statistic that 10,000 “Baby Boomers” turn 65 each day (unfortunately, by the way, that specific statistic perpetuates the myth that age 65 is the “normal” retirement age!) Well, that 10,000 number is growing. In…
Thoughts on the “When to File” Question
Leaving the workforce before one’s Social Security full retirement age appears to be the most prevalent reason for claiming Social Security benefits early, according to a study reported in the Journal of Financial Planning. In an article posted by Marlene Satter on…
Social Security Decisions Can be a Source of Headaches
In their 2017 Brain on Finance Study, analysts from Northwestern Mutual note that 80% of Americans “are financially anxious…and that’s affecting their physical well-being.” From the extreme amount of concentration needed to make financial decisions to the corresponding stress that a do-it-yourself…
How Social Security Serves American Indians and Alaska Natives
(Source: Social Security Administration) Social Security honors and celebrates the rich culture and heritage of American Indians and Alaska Natives. We remember our commitment to be there with you throughout life’s journey during National Native American Heritage Month. Continue reading → …
A High-Level Look at Social Security’s Health
Jeremy Glaser (Morningstar Senior Director, Editorial), discusses a variety of issues associated with Social Security in an interview with Tim Steffen Baird’s Director of Advanced Planning on www.morningstar.com. The first part of the interview deals with the Medicare hold harmless provision and its…
Social Security Benefits: The Importance of Patience
A surprisingly high number of folks opt to file for their Social Security benefits at the earliest possible point (age 62), and although this trend is declining a bit, it’s still a high percentage. The result, of course, is that monthly…
Behind on Savings? Social Security Won’t Carry You Completely in Retirement.
Many media reports have highlighted the inadequate saving habits of Americans, especially those aging into (or already in) their retirement years. Unfortunately, as the staff at The Motley Fool points out in a post on their website, this lack of…
Retirement Planning–Some Trends to Be Aware Of
Forbes contributor Greg Herlean, in a post on their website, takes a look at some definite trends that have evolved in recent years in the word of retirement planning…and they’re not necessarily positive trends at that. The good news is that…
The National Debt Crisis. Hard Rain Ahead.
Just five years from now, the U.S. will pay more to service its national debt than it spends on national defense, according to Congressional Budget Office projections. In the words of Ben Shapiro, editor-in-chief of The Daily Wire, “there will be fiscal…
Four Key Social Security Facts for 2019
The Motley Fool’s Dan Caplinger, in a post on their website, discusses four significant facts for Social Security recipients in 2019. They include the 2.8% COLA, the change in retirement age affecting some, the new taxation limits for high wage earners,…