Social Security
Understanding Your “Full Retirement Age”
Hopefully, this is old news to anyone thinking about their future on Social Security, but it’s always a good idea to be tuned in the the precise numbers. In a post today on www.fool.com, The Motley Fool’s Christy Bieber provides a refresher…
“American Greed” to feature the saga of “Mr. Social Security”
For those having an interest in understanding how a major Social Security fraud is created, tune in to CNBC’s long-running true-crime show, “American Greed” on Monday April 2 at 10:00 pm. The documentary will lay out the development of the largest…
More thoughts on waiting to file for Social Security
As the song goes, “Waiting is the hardest part.” Most folks approaching their age of Social Security eligibility understand, at least intuitively, that resisting the impulse to file early produces a higher benefit later. There are reasons, of course, to…
Rosie The Riveter: Working Women’s Icon
(Source: Social Security Administration) “Rosie the Riveter” is an American icon representing women working in factories during World War II. These women learned new jobs and filled in for the men who were away at war. They produced much of…
Wait for Full Retirement Age? Maybe, maybe not. It depends.
Conventional wisdom among financial advisors is to wait at least to your full retirement age to claim you Social Security benefits, or longer if you can. But there are circumstances where this might not work best, as explained in this…
The Retirement Savings “Crisis”: MIllennials Speak Up
Despite all the reasons why the “millennial generation” should be focusing on saving for retirement, it still doesn’t appear to be happening. Why, you ask. Well, the National Institute on Retirement Security took a look at this issue and developed some…
Why file for Social Security benefits early?
Despite the repeated media accounts about the virtue of waiting to full retirement age (or longer) to start receiving Social Security benefits, there are some fundamental reasons why it does make sense in some cases to file file at age 62.…
Reverse Mortgages as a Social Security Deferral Strategy: Be Careful!
It sounds like a piece of cake…take your home equity and use it to delay filing for Social Security so that you can capitalize on the Delayed Retirement Credits. But, as in most things that sound simple and easy on…
The Importance of Looking Strategically at Social Security Benefits
Planning for one’s financial future is an arduous task, but if done correctly, the dreams of a comfortable retirement can be realized. An article posted on www.investopedia.com can help you navigate these planning processes, one of which is the determination of…
The Importance of Social Security–A Statistical Verification
Citing the correlating results of three separate surveys (the Current Population Survey, the Health and Retirement Study, and the Survey of Income and Program Participation), former economist at the Federal Reserve Bank of Boston Alicia H. Munnell asserts her opinion that “Social…