From: www.fool.com
Every month, roughly 62.5 million people, most of them senior citizens, receive a Social Security benefit check. Better than three out of five of its aged beneficiaries rely on the program for at least half of their monthly income.
As we look into the past and examine the present, it’s pretty easy to forecast how the program will perform, as well as…
From: wealthmeethealth.com
Why It Matters:
• Social Security isn’t static. Many years there are adjustments and changes.
• For 2017, there is an increase to how much earnings are subject to Social Security taxes, which could affect high-wage earners.
• Social Security benefits adjust for inflation, but you may be surprised by how small that adjustment can be.
For 2016, there were some pretty big adjustments to Social Security. This…
From: linkedin.com
Social Security is a sensitive topic for people of all ages, but especially for the 65 million Americans who today claim its benefits after paying taxes into the fund throughout their careers. There are a lot of myths around the Social Security program that need to be debunked. Here are some of the biggest that seniors should not fall for or…
From: financial-planning.com
It is a retirement dilemma.
When planning for retirement cash flow, should a client start Social Security as early as age 62, letting individual retirement account money continue to grow, tax-deferred? Or should that client tap the IRA and wait for a larger Social Security benefit?
A client who would receive $1,500 a month at 62 would collect $2,640 a month, plus any cost-of-living…
From: nationalreview.com
While engaging in the mundane task of gathering financial statements for a “secure retirement” meeting with my husband’s and my adviser, this Baby Boomer stumbled upon documented proof that our nation does not have the guts to confront one of its most serious economic problems. The realization came when I pulled from my files a document statement innocently titled,…
From: time.com
How well do you understand our federal insurance program?
Two recent surveys show that Americans are severely lacking when it comes to even basic Social Security knowledge. For example, the majority of people don’t even know what the normal Social Security retirement age is. And knowledge of topics like citizenship requirements, ability to work while collecting Social Security, and the future ability…
From: hereandnow.wbur.org
Today, like every day, some 10,000 baby boomers will reach retirement age and become eligible to receive Social Security benefits. A new book explains that how and when you tap into Social Security benefits can dramatically alter how much money you get. It’s called “Get What’s Yours: The Secrets to Maxing Out Your Social Security.”
The authors of the book are Laurence Kotlikoff, a…
From: msn.com
NEW YORK – Social Security is still a huge part of U.S. workers’ retirement plans, but they aren’t happy about it.
As a Bankrate survey points out, Americans are getting a bit more pragmatic about Social Security’s role in their eventual retirements. Just 13% expect it to account for all or most of their retirement income. Meanwhile, another 14% expect…
From: fa-mag.com
Americans are living longer than ever before. And to make sure their retirement income goes the distance, they’ve turned to a number of alternatives, including one whose entire reason for being is to solve this problem: the longevity annuity.
A type of deferred-income annuity—as opposed to an immediate annuity—the longevity annuity was developed more than a decade ago to help retirees hedge against outliving their…
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