(Christy Bieber) If you’re in your 60s, chances are good you’re starting to think about retiring and claiming Social Security. Before you do, though, you’ll want to make sure you understand the inner workings of this entitlement program. Otherwise, you could inadvertently make choices that jeopardize your financial security and make your life more difficult …
(Maurie Backman) Millions of seniors today collect Social Security, and for many, those benefits serve as their sole or primary income source. Unfortunately, it’s those same people who tend to wind up cash-strapped in retirement. And if you’re looking to avoid that fate, then it’s important to be realistic about what Social Security will pay …
(Christy Bieber) Social Security benefits aren’t going to pay you enough money to support you by themselves. But even though you’ll require supplementary income, your retirement benefits from the Social Security Administration will be an important support source. That’s because these benefits are guaranteed to come for the rest of your life. As a result, …
(Maurie Backman) Social Security has been around for a long time, and certain aspects of the program can change from year to year. But Social Security has a number of basic rules it’s important to know about. And buying into these misconceptions could leave you with less money during retirement. 1. Benefits are only reduced …
3 Social Security Misconceptions You Can’t Afford to Get Wrong | Personal finance Read More »
(Maurie Backman) Social Security has been around for a long time, and certain aspects of the program can change from year to year. But Social Security has a number of basic rules it’s important to know about. And buying into these misconceptions could leave you with less money during retirement. 1. Benefits are only reduced …
3 Social Security Misconceptions You Can’t Afford to Get Wrong | Personal finance Read More »
(Katie Brockman) Retirement is an exciting chapter in life, but it’s important to ensure you’re as prepared as possible. Everyone’s situation will be different, so there’s no one-size-fits-all answer as to when you should retire or how much you should save. That said, there are a few questions you can ask yourself to gauge whether …
Are You Ready to Retire? 3 Questions to Ask Yourself | Personal finance Read More »
(Maurie Backman) Social Security has been around for a long time, and certain aspects of the program can change from year to year. But Social Security has a number of basic rules it’s important to know about. And buying into these misconceptions could leave you with less money during retirement. 1. Benefits are only reduced …
(Maurie Backman) Social Security has been around for a long time, and certain aspects of the program can change from year to year. But Social Security has a number of basic rules it’s important to know about. And buying into these misconceptions could leave you with less money during retirement. 1. Benefits are only reduced …
(Katie Brockman) Retirement is an exciting chapter in life, but it’s important to ensure you’re as prepared as possible. Everyone’s situation will be different, so there’s no one-size-fits-all answer as to when you should retire or how much you should save. That said, there are a few questions you can ask yourself to gauge whether …
Are You Ready to Retire? 3 Questions to Ask Yourself | Personal Finance Read More »
(Maurie Backman) Claiming Social Security before full retirement age (FRA) has consequences – namely, that you’ll get stuck with a lower monthly benefit for life. That’s why some seniors expressly aim to wait until FRA to file for benefits to avoid that fate. But what if you’re forced into early retirement? You may have every …