My Comments: I post this because you and I have the power to make sure the Social Security safety net is fixed so it remains viable well into this century. To make that happen, we have to put pressure on those whom we elect to represent us at the Federal level. It was last fixed …
Continue reading Retirees across America are facing a fiscal crisis as Social Security weakens
My Comments: Believe it or not, Social Security is NOT rocket science. But you’d never know that from some of the questions asked. First step for everyone, no matter how old you are today, is to go to the Social Security web site and, assuming you have a social security number, get yourself registered so …
Continue reading 3 Social Security Rules You Should Know by Heart
My Comments: Full Retirement Age is that month, according to the Social Security Administration, where you gain some real advantages. I have some reservations about Sean Williams' comments since he’s not yet old enough to understand the emotional side of financial decisions when it comes to retirement income. However, the headline resonates with me as …
Continue reading 3 Smart Reasons to Take Social Security at Full Retirement Age
My Comments: This was clearly written by someone not yet fully versed in the subject. He’s young with expertise in picking stocks for future gain. Unfortunately, this is typical of what a reader finds when searching for ideas about their retirement and how to make critical financial decisions. There are far more than 3 questions …
Continue reading 3 Things That Affect When You Should Apply for Social Security
My Comments: For those of us who preach retirement planning, much of this is old hat. But for those of you just starting to get serious about thinking retirement, these are all valid concerns. But before you rush out and spend money, you need to better understand how you want your life to play out. …
My Comments: Social Security was created in 1935. Apart from one in 1939, since 1950, there have been 30 Amendments across the years. The one I best remember happened in 1983 when the Full Retirement Age changed from 65 up to age 67. Additionally, the income percentage that we paid (FICA), along with the upper …
My Comments: Wow! A monthly payment every month for the rest of your life! How good is that? Despite the caustic rhetoric filling the air waves, causing turmoil and worry, I very much doubt there’s going to be any drastic changes to Social Security. Some loud voices want it to be abolished, but there are …
Continue reading The Death of Social Security Has Been Greatly Exaggerated
My Comments: As someone who depends on payments from the Social Security Administration to maintain my standard of living, the idea that people in Congress are considering reducing those payments is concerning. We have to hope that elected representatives find a reasonable solution that will allow the program to remain viable. It’s become an integral …
Continue reading Social Security and the U.S. deficit: Separating fact from fiction
My Comments: My efforts to coach people to start thinking seriously about their future retirement is complicated. For every positive associated with retirement there are just as many negatives. This is one of them. Unless you plan to die before you reach retirement, you should find time to get your ducks lined up well in …
Continue reading Retirees Will Spend a Third of Their Social Security on This One Big Expense
My Comments: Retirement mistakes are rarely obvious until long after you make them. And then it’s almost always too late to find a remedy. Don’t let yourself fall for the argument that on it’s face says you get more money if you wait to claim your Social Security benefits. Regardless of when you start, you're …
Continue reading 3 Awful Reasons to Take Social Security at 70
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