Social Sercurity Planning

Three Key Questions to Answer Before Taking Social Security

Three Key Questions to Answer Before Taking Social Security When to start? Should I continue to work? How can I maximize my benefit?   Social Security will be a critical component of your financial strategy in retirement, so before you begin taking it, you should consider three important questions. The answers may affect whether you make the most of this retirement income source. When to Start? The Social Security Administration gives citizens a choice on when they decide to start [...]

By |2019-06-24T11:33:37-04:00June 6th, 2019|Personal Finance, Social Sercurity Planning|Comments Off on Three Key Questions to Answer Before Taking Social Security

Why You Should Have an Online Social Security Account

Why You Should Have an Online Social Security Account In monitoring your Social Security profile, you may help to thwart fraud.   Could your personal information soon be stolen? The possibility cannot be dismissed. Sensitive financial and medical data pertaining to your life may not be as safe as you think, and thieves may turn to a vast resource to try and mine it – the Social Security Administration. Consider three facts, which in combination seem especially troubling. One, Social [...]

By |2018-06-08T11:47:42-04:00May 31st, 2018|Personal Finance, Social Sercurity Planning|Comments Off on Why You Should Have an Online Social Security Account

Reducing the Risk of Outliving Your Money

Reducing the Risk of Outliving Your Money What steps might help you sustain and grow your retirement savings?   “What is your greatest retirement fear?” If you ask retirees that question, “outliving my money” may likely be one of the top answers.  Retirees and pre-retirees alike share this anxiety. In a 2014 Wells Fargo/Gallup survey of more than 1,000 investors, 46% of respondents cited that very fear; 42% of the respondents to that poll were making $90,000 a year or more.1 [...]

By |2017-03-28T08:17:16-04:00March 10th, 2016|Retirement, Saving & Budgeting, Savings and Investing, Social Sercurity Planning|Comments Off on Reducing the Risk of Outliving Your Money

Behind on Your Retirement Savings?

Behind on Your Retirement Savings? What steps could you take to catch up?  If life has not allowed you to build substantial retirement savings, what can you do to improve your retirement prospects? Here are some suggestions: Play catch-up. If at all possible, take advantage of the catch-up contributions the IRS allows you to make to IRAs and other retirement accounts starting in the year in which you turn 50. For example, this year a worker age 50 or older [...]

By |2017-03-28T08:17:18-04:00August 7th, 2015|Financial Fitness, Investing, Savings and Investing, Social Sercurity Planning|Comments Off on Behind on Your Retirement Savings?

Retire at 65 … Or Not?

Retire at 65 ... Or Not? Your assets matter more than your age. Isn’t 65 the traditional retirement age? Perhaps, but baby boomers are modifying the definition of a traditional retirement (if not redefining it altogether). The Social Security Administration has subtly revised its definition of the traditional retirement age as well. If you glance at the SSA website, the “full” retirement age for Americans born from 1943-1954 is 66, and it is 67 for those born in 1960 and [...]

By |2017-03-28T08:17:26-04:00April 17th, 2014|Financial Fitness, Retirement, Social Sercurity Planning|Comments Off on Retire at 65 … Or Not?
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