Retirement Income

Don’t end up with less income than you need in retirement

22nd Feb, 2022

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Don’t end up with less income than you need in retirement

From: www.fool.com

When you’re young, and need more income, you might take on an extra job, get a raise at work, or switch to a better-paying job. But when you’re retired, those options may not be feasible. Still, retirees need ample income to survive for possibly two or three decades (or more), and Social Security alone is never going to…

3 Reasons to Wait Until 70 to Start Taking Your Social Security Benefits

29th Sep, 2021

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3 Reasons to Wait Until 70 to Start Taking Your Social Security Benefits

From: www.kiplinger.com

In a rush to file for Social Security benefits at age 62? Many people are, but slow down and do the math first – or you might regret it.

When it comes to claiming Social Security retirement benefits, you may want to consider waiting to start benefits when you’re 70.

That means not starting benefits when you’re 62…

What Is the Maximum Possible Social Security Benefit in 2021?

18th May, 2021

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What Is the Maximum Possible Social Security Benefit in 2021?

From: money.usnews.com

Here’s what you need to do to get Social Security payments for $3,500 per month or more.

The average monthly Social Security payment for retirees was $1,551 in March 2021. But many retirees receive over $3,000 per month from the Social Security Administration, and payments could be as much as $3,895 in 2021.

The maximum possible Social Security benefit in 2021…

9 Ways to Protect Your Retirement Income When Markets Are Volatile

11th May, 2021

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9 Ways to Protect Your Retirement Income When Markets Are Volatile

From: www.retirementplanning.net

Most people rely on their retirement savings accounts, such as a 401(k) account or an IRA (individual retirement account), for the non-working years of their life. While these plans supplement Social Security benefits, they are also prone to market volatility. A downturn in the market could have severe implications on your retirement income from these accounts. But since…

Finding Part-Time Work as a Retiree

25th Mar, 2021

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Thinking About a Part-Time Job in Retirement? 30 Ideas to Try

Retirement comes with a wealth of positive benefits, including time, freedom and extra energy to try new things. But for some, all that extra time can cause feelings of boredom or anxiousness. This isn’t uncommon considering the fulfillment of a full time career or tending to a family are suddenly gone, and can end up resulting in a lost sense of purpose.

While retirement…

12th Nov, 2020

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Considering Your Social Security Options

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

When should you start receiving your Social Security benefits and how they will factor into your overall retirement situation?

These are two of the biggest considerations attached to this important financial topic.

If you have questions on your mind or want to go over anything in greater detail, start by taking a look at these key points and then reach…

15th Sep, 2020

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By Sharon Wagner

Retired and want to work part-time? A job keeps the golden years interesting and helps older adults stretch their retirement savings. However, most retirees don’t want to head back to the office full-time. Instead, they’re looking for a part-time encore career that stimulates their mind, pads their pocketbook, and leaves plenty of free time for enjoying their senior years. But does flexible, well-paid, and interesting work for seniors really exist? You bet!…