Social Security

Social Security Do-Overs

Social Security benefits constitute a big part of many retirement plans. Advice abounds about how and when you need to file. What if you goof?

Generally, you can file for your Social Security retirement benefits when you reach age 62. Most financial advisors recommend you delay filing to better maximize your lifetime benefits.

Let’s say that’s the advice you followed when you first filed. After all, you paid into the system for your entire working life and you deserve to get the money back out, right? Plus, who knows when Social Security will go bankrupt?

How to Afford Retirement

The methods of building a secure retirement income, which include wise use of Social Security and amassing sufficient savings, are complex. A smart financial planner can help you do it, according to a panel of advisors.

Late Savers’ To-do List

The youngest baby boomers are turning 50 this year. If you haven’t already, it’s about time to give retirement planning some serious thoughts. Advisors have a list of basic must-dos for people in this life stage.

“People who come to me in their 40s and 50s are really looking at maximizing everything they can do to prepare for retirement,” said Eve Kaplan, founder of Kaplan Financial Advisors during an advisor panel.

Figuring Monthly Benefits

Many people file for Social Security right at retirement and soon see a statement showing potential benefits at various stages of life. What if you don’t file at age 62 or 66? Here’s the math to compute your monthly benefit no matter when you file.

Social Security: When to Start

Your Social Security can be worth more in golden years’ income than your 401(k) or individual retirement account. The trick: Know at what age to best file for benefits.

Protecting Special-Needs Kids

More than 56 million Americans have some type of disability, according to the Census Bureau. Autism, for example, affects one in 50 children. For parents of a child with a disability, the great fear is: “What happens when we’re gone?” One answer: Set up a trust for the child. Here is how.

To support a special-needs child during and beyond your lifetime requires truly special planning. Not only are there more costs and uncertainties but also heavier emotional weight.

Only a Half Trillion Dollars

It’s a sign of how much trouble we’re in when a federal budget deficit of a half trillion dollars seems like fiscal restraint.

Why Retiring Is Tougher Now

Today’s retirement may look nothing like your parents’ or grandparents’. People live longer, benefits grow thinner, and health-care costs rise. Review your financial situation and start planning early so that this new retirement doesn’t catch you unprepared.

How to Fill Jobs Going Begging

Jobless stats drop steadily and companies being to cry for workers. Our national future may hinge on filling jobs fast. One contentious solution seems best: Workers from beyond our borders.

I recently heard Neil Howe, a demographer who pays lots of attention to social and population shifts in this country. He mentioned that there are four million job openings right now. Four million.

When Should You Retire?

You might be thinking about retiring, but how do you know when you are really ready for it, mentally and financially?

For decades, the normal retirement age was 65. This was when you became eligible for Social Security and Medicare. Things are different today. Baby boomers get full Social Security at 66, for instance, and younger generations will have to wait longer.

Answer these five questions to find out how, when and if you should retire:

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