Submitted by Jason Lina on Mon, 04/07/2014 - 12:00pm
As you examine financial risks to your retirement, there is a right away and a wrong way to look at Social Security. The wrong way: I need to get the money as soon as I can because I paid into the system and deserve it. The right way: I need to get the most over the long haul. Here’s how to receive the maximum from Social Security.
Submitted by Rick Kahler on Fri, 03/21/2014 - 12:00pm
When I ask people what do they plan to do when retired, the answer often is: “See new places.” A good and affordable way to do that is becoming a part-time or full-time RVer.
In my experience, the No. 1 activity most people look forward to when they retire from earning an income is travel. Seeing the world has never been easier. True, air travel is rarely easy or pleasurable, and it can be expensive. With a little planning and work, though, travel can fit easily into many retirees’ budgets.
· For you to file for spousal benefits, your spouse must file for benefits first. The first filing spouse does not have to begin receiving money at once: He or she can postpone that after filing, allowing you to take spousal benefits.
Submitted by Jim Blankenship on Tue, 01/14/2014 - 12:00pm
If you find Social Security spousal and survivor benefits confusing, here are the differences and similarities you need to understand as you make decisions about applying for one or the other.
For one thing, you may be entitled to these benefits based on someone else’s Social Security record, such as your spouse or ex-spouse. No matter the size of your own Social Security benefit, you qualify for spousal benefits and survivor benefits if your spouse has a Social Security retirement benefit on record.
Submitted by Eve Kaplan on Mon, 01/06/2014 - 12:00pm
If you are married, you can use your spouse’s Social Security to collect extra benefits, even before you touch your own. This often-overlooked feature may add thousands of extra dollars to your retirement income.
Social Security has a Rodney Dangerfield problem because it just doesn’t get the respect it deserves. It is a great risk-free, cost-free inflating annuity for life. But what’s even better is that married couples have additional ways to increase benefits.
Submitted by Jim Blankenship on Thu, 12/26/2013 - 3:00pm
It pays to know all formulas you use to calculate your ever-changed Social Security benefits. Here’s a look at one of them, which affects how much you get, a seemingly abstruse yet crucial concept called bend points.
Submitted by Ray Ferrara on Tue, 11/12/2013 - 9:00am
Saving for retirement, an admirable aim, has lots of obstacles. The overall economy is to blame for some, government rules for others and employer tightfistedness for still others. Retiring at 65, which is the traditional goal, is for many a pipedream.
Today, people are living longer in part because of less physically demanding work than in the past and better health care throughout life. Many people are choosing to work longer, many because they have to, not because they want to.