[caption id="attachment_1263" align="alignleft" width="150"] Myths And Facts About Delaying Your Social Security Benefits[/caption]The U.S. Social Security Retirement Benefits program remains one of the most important ways that retirees in the United States will be able to pay for their living expenses later in life. Recent research has shown that most Americans have not been successful on building their own retirement nest eggs.
Less than half of US households have any retirement savings at all, and even the median nest egg size for individuals close to retirement (age 55 to 64) is only about $100,000. But Social Security... Articles Tagged ‘social security’
Myths And Facts About Delaying Your Social Security Benefit
[caption id="attachment_1263" align="alignleft" width="150"] Myths And Facts About Delaying Your Social Security Benefits[/caption]The U.S. Social Security Retirement Benefits program remains one of the most important ways that retirees in the United States will be able to pay for their living expenses later in life. Recent research has shown that most Americans have not been successful on building their own retirement nest eggs.
Less than half of US households have any retirement savings at all, and even the median nest egg size for individuals close to retirement (age 55 to 64) is only about $100,000. But Social Security...
Wednesday, April 12th, 2017
[caption id="attachment_1263" align="alignleft" width="150"] Myths And Facts About Delaying Your Social Security Benefits[/caption]The U.S. Social Security Retirement Benefits program remains one of the most important ways that retirees in the United States will be able to pay for their living expenses later in life. Recent research has shown that most Americans have not been successful on building their own retirement nest eggs.
Less than half of US households have any retirement savings at all, and even the median nest egg size for individuals close to retirement (age 55 to 64) is only about $100,000. But Social Security... 5 Questions to Ask to Better Determine Your Required Retirement Savings
For many individuals, saving for retirement is a somewhat unusual concept. On the one hand, the general concept of saving for retirement is easy to understand – you’ll need a lot of money to live off of once you stop working, so you need to be sure to save throughout your working years in order to accumulate enough money.
On the other hand, knowing how much is “enough” and the best path to get there can be quite difficult to figure out. There is no one-size-fits-all approach that will work for everyone, so the way to find the best solution...
Tuesday, April 8th, 2014
For many individuals, saving for retirement is a somewhat unusual concept. On the one hand, the general concept of saving for retirement is easy to understand – you’ll need a lot of money to live off of once you stop working, so you need to be sure to save throughout your working years in order to accumulate enough money.
On the other hand, knowing how much is “enough” and the best path to get there can be quite difficult to figure out. There is no one-size-fits-all approach that will work for everyone, so the way to find the best solution... How to Apply for Social Security Benefits
Even though many of the assumptions have changed regarding what retirement looks like and how we act during retirement, one thing has remained relatively constant: the timing of retirement is closely related to eligibility for federal Social Security retirement benefits.
For example, some people begin to consider retiring when they first become eligible for partial Social Security benefits (at age 62). Many others still base their retirement expectations on the age at which they’ll receive full Social Security benefits (between age 65 and 67), while still others wait until they can receive the maximum Read More »
Thursday, December 12th, 2013
Even though many of the assumptions have changed regarding what retirement looks like and how we act during retirement, one thing has remained relatively constant: the timing of retirement is closely related to eligibility for federal Social Security retirement benefits.
For example, some people begin to consider retiring when they first become eligible for partial Social Security benefits (at age 62). Many others still base their retirement expectations on the age at which they’ll receive full Social Security benefits (between age 65 and 67), while still others wait until they can receive the maximum Read More » Managing Your Finances after a Surprise Early Retirement
Planning and saving for retirement is one of the longest term tasks any of us will ever undertake during our lives. For example, if you start thinking about retirement when you get your first real job where your employer will offer participation in a 401(k) or other retirement plan, then you’ll have several decades to determine the best approach to saving, and a target date for when you want to retire.
But like many things in life, things don’t always work out that way. Sometimes we aren’t in control over when we retire, and it comes a bit early, and...
Tuesday, December 3rd, 2013
Planning and saving for retirement is one of the longest term tasks any of us will ever undertake during our lives. For example, if you start thinking about retirement when you get your first real job where your employer will offer participation in a 401(k) or other retirement plan, then you’ll have several decades to determine the best approach to saving, and a target date for when you want to retire.
But like many things in life, things don’t always work out that way. Sometimes we aren’t in control over when we retire, and it comes a bit early, and... How to Check On Your Social Security Benefits
Even though the future health and viability of the Social Security program has been called into question, it's unlikely that Social Security retirement benefits will disappear entirely. Furthermore, even if you have a sizable retirement nest egg you still need to understand how much income you can expect to receive from all the sources you have available, including Social Security.
As you save for retirement and making your savings plans it’s important to know how much Social Security you’ll receive when you retire, regardless of where you are in the process.
Here is some retirement advice on how...
Monday, September 9th, 2013
Even though the future health and viability of the Social Security program has been called into question, it's unlikely that Social Security retirement benefits will disappear entirely. Furthermore, even if you have a sizable retirement nest egg you still need to understand how much income you can expect to receive from all the sources you have available, including Social Security.
As you save for retirement and making your savings plans it’s important to know how much Social Security you’ll receive when you retire, regardless of where you are in the process.
Here is some retirement advice on how... Pros and Cons of a Working Retirement
The concept of “retirement” has dramatically changed over the past decade. While individuals in years past may have envisioned and planned for a retirement in which they move to Florida or Arizona to spend their days golfing, many new retirees have a different vision.
More individuals are looking to stay more active and involved in their communities after they retire. In fact, one of the big trends of late is retirees continuing to work (on at least a part-time basis) during their retirement years. Be aware, there are numerous pros and cons to doing so.
Here are some of the Pros...
Sunday, April 28th, 2013
The concept of “retirement” has dramatically changed over the past decade. While individuals in years past may have envisioned and planned for a retirement in which they move to Florida or Arizona to spend their days golfing, many new retirees have a different vision.
More individuals are looking to stay more active and involved in their communities after they retire. In fact, one of the big trends of late is retirees continuing to work (on at least a part-time basis) during their retirement years. Be aware, there are numerous pros and cons to doing so.
Here are some of the Pros... Social Security Changes to Be Aware Of
One of the biggest political issues during 2012 was the future of the Social Security program. The most popular Social Security program – the retirement benefits program – is itself quite massive. The Social Security program provides approximately 65% of the program recipients with the majority of their retirement income, and it prevents roughly 15 million Americans from falling into poverty. In addition, individuals who are still many decades away from retirement are involved in the program through their payment of payroll taxes.
Because Social Security touches so many lives, even the smallest changes are likely to impact a large...
Wednesday, April 10th, 2013
One of the biggest political issues during 2012 was the future of the Social Security program. The most popular Social Security program – the retirement benefits program – is itself quite massive. The Social Security program provides approximately 65% of the program recipients with the majority of their retirement income, and it prevents roughly 15 million Americans from falling into poverty. In addition, individuals who are still many decades away from retirement are involved in the program through their payment of payroll taxes.
Because Social Security touches so many lives, even the smallest changes are likely to impact a large... 5 Reasons the Current Generation May Never Retire
Retirement has always been an evolving concept. Up until just a generation ago, the most common retirement expectation was that everyone would be able to stop working at age 60 or 65 and live off a pension they earned from working 30 or more years with a single employer. Those who didn’t have a pension would live off their Social Security income.
But to some people in the current generation, the idea of retirement may not be seem relevant anymore. For a number of reasons, the current generation may view retirement as something that makes sense, either from a personal...
Tuesday, January 8th, 2013
Retirement has always been an evolving concept. Up until just a generation ago, the most common retirement expectation was that everyone would be able to stop working at age 60 or 65 and live off a pension they earned from working 30 or more years with a single employer. Those who didn’t have a pension would live off their Social Security income.
But to some people in the current generation, the idea of retirement may not be seem relevant anymore. For a number of reasons, the current generation may view retirement as something that makes sense, either from a personal... 
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