(Katie Brockman) According to the National Academy of Social Insurance, Social Security benefits provide more than half of the income for more than three out of five US retirees. Given how much people rely on that benefit, it’s wise to ensure you’re maximizing what you receive from the program. The average retiree benefit in 2022 …
(Christy Bieber) If you haven’t retired yet, you’re hopefully making financial plans for the day you leave the workforce for good. Investing for retirement is a lifelong endeavor, and it’s crucial to ensure you have a clear idea of how much money you’ll require. Unfortunately, many current workers are making a big mistake when planning …
Future Retirees Are at Risk of a $361,000 Mistake | Smart Change: Personal Finance Read More »
(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 …
(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 …
(Sam Swenson, CFA, CPA) Retiring amid a potential recession could make anyone’s stomach turn, but fortunately, there are ways to maintain your spending levels no matter the economic outlook. With inflation at 40-year highs, interest rates climbing fast, and stocks seeing their worst first half since the 1920s, investors are right to feel concerned. From …
3 Strategies to Recession-Proof Your Retirement Savings | Smart Change: Personal Finance Read More »
