Monday, July 10, 2017 Shopping for an Annuity? Ask These Questions First Annuity products have a bad reputation mostly due to their complexities and misconceptions. It doesn’t help that some financial professionals aggressively sell them, leading to many consumers purchasing without really understanding exactly what it is they are buying. READ MORE >>
Monday, June 19, 2017 8 Benefits of Claiming Social Security Later Here’s how to boost your Social Security monthly payments. "Every month you delay your Social Security gets you a higher monthly payment for life." You will qualify for bigger monthly payments from Social Security if you sign up at an older age. READ MORE >>
Thursday, June 8, 2017 When Should You Take Social Security? After years of paying into Social Security, those nearing retirement have some choices to make about when they should begin withdrawing their benefits. To receive full benefits, those born from 1943 to 1954 can take retirement at age is 66. READ MORE >>
Tuesday, June 6, 2017 How to Improve Your Retirement Income if You Haven’t Saved Michael Kitces sees it regularly in his financial planning practice: clients who are close to retirement but haven’t saved. “They fall into two groups — either they don’t focus on it, or they are despondent,” says Mr. READ MORE >>
Monday, June 5, 2017 Married couples have 81 ways to claim Social Security. Here's how to maximize your benefits Marriage can make life easier, but not when it comes to Social Security. A single person only has to consider nine different scenarios when claiming retirement benefits. READ MORE >>
Thursday, June 1, 2017 4 Misconceptions About Social Security A lot of people are feeling insecure about their Social Security. New surveys are always coming out showing we need to know more about our finances. One of the latest surveys that seems designed to make us worry about how we're handling money is a recent Fidelity Investments Social Security IQ Survey. READ MORE >>
Tuesday, May 30, 2017 44 Social Security 'Secrets' All Baby Boomers and Millions of Current Recipients Need to Know Social Security’s Handbook has 2,728 separate rules governing its benefits. And it has thousands upon thousands of explanations of those rules in its Program Operating Manual System, called the POMS, which provides guidance on implementing the 2,728 rules. READ MORE >>
Thursday, May 25, 2017 Ideas to Increase Retirement Income Delay taking Social Security benefits. Once you reach the full retirement age for Social Security purposes, you are eligible to claim your benefits in full. That retirement age is determined based on the year you were born, and is anywhere from 66 to 67 years old. READ MORE >>
Tuesday, May 23, 2017
When you should file for Social Security benefits
Waiting to claim Social Security benefits can significantly boost your guaranteed lifetime income in retirement.
If you wait until you're 70 years old to claim Social Security, you can raise your monthly benefit check by up to 76 percent, ac... READ MORE >>
Monday, May 22, 2017 Tips for Retiring on Social Security Alone It's not recommended to rely solely on social security benefits in retirement, but it can be done. Social Security was designed to supplement only pensions and retirement savings. But for many, that's no longer the case. READ MORE >>
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