Americans could see promised Social Security benefits cut by 27% in just 10 years — 3 smart strategies for tapping into your benefits. Americans could see promised Social Security benefits cut by 27% in just 10 years — 3 smart strategies for tapping into your benefits Possible cuts of up to 27% to Social Security […]
Social Security benefits
Social Security Recipients Could Get a Massive 11% Raise Next Year Surging inflation could lead to the biggest boost to monthly Social Security benefits since 1981. The 2023 Social Security cost-of-living adjustment, or COLA, would be 10.8% if inflation continues at its current pace, according to a new prediction from the non-profit Committee for a […]
Who’s Ready for a 24% Cut to Social Security Benefits?
Who’s Ready for a 24% Cut to Social Security Benefits? Without significant changes, big benefit cuts await seniors in 15 years. The Social Security program has been providing a financial foundation for our nation’s retired workforce for more than 80 years. Of today’s nearly 65 million beneficiaries, 46 million of them are retirees, many of […]
Retirement Planning Tool
Why a Reverse Mortgage is worth considering more now than ever as a retirement planning tool. During our COVID-19 lockdown, my wife returned to an old hobby and set up a jigsaw puzzle on our dining table. Four-hundred and ninety-nine pieces and quite a few hours later, she learned she was missing something. Disappointing, right? We […]
Faulty Benefit Information from Social Security
Retiree gets faulty benefit information directly from Social Security personnel Dear Liz: I’m concerned that you don’t make it clear that in order for a Social Security benefit to grow, a person needs to keep working and earning the same income that they’ve been making. I’ve retired recently and am lucky enough to have a […]
Social Security, 70 is the New 65
When It Comes to Social Security, 70 is the New 65 If you’re reading this story, you’re likely at least 50 years young. Yes, young — and I don’t mean it in the cutesy way that people sometimes talk about aging. I mean it in that living well into your 80s and beyond is no […]
Saving For Retirement
11 Numbers That Will Terrify You Into Saving For Retirement Right This Minute. Every day you delay will hurt you in the end. It can be tough to save for retirement when it is still decades away. It’s apparently even tough for older workers who are on the verge of retirement. Living expenses can eat […]
Social Security to Run Out
Report: Social Security to Run Out of Funds in 2036 The financial landscape for Social Security and Medicare federal entitlement programs, two of the most important programs in the social safety net for American seniors, has been given a bleak forecast concerning the financial solvency of the programs according to a government report issued earlier this week […]
Social Security Insecurity
Social Security Insecurity Pressing The Reset Button: The Gap Years. Social Security & an IPA Social Security Insecurity. As human lifespan climbs steadily towards the century mark, Social Security is only one — and woefully inadequate — means of funding a lengthening retirement period. In fact, we’re in the midst of creating second-stage work lives, or […]
Planning for Retirement
Planning for Retirement Social Security Resource Center Savings & Planning Planning for Retirement. Survey: Paying Off Debt Is Higher Priority Than Retirement Funding AARP, Ad Council release new campaign to spur increased savings. Saving for retirement takes a back seat to paying off significant debt for Americans ages 40 to 59, according to a recent […]
