The idea of retirement is surrounded by a host of delusions, false assumptions and fears.
You might think that dealing with a federal agency, such as the Social Security Administration (SSA), means long lines in some office near you. Not so: If you’re an adult, you can monitor your benefits situation with a few clicks of the keyboard and start serious planning for your retirement income.
Do additional earnings on your record after retirement age increase your Social Security benefit? The answer, as with many of these calculation-type questions, is a fully qualified “maybe.”
You may count on Social Security as a mainstay of income in your looming retirement. When you take benefits and how much you keep working can shrink that monthly check, though. Here’s what to know.
When you were a kid, did you fear monsters hiding in your closet or under your bed? You’re no kid anymore and new fears haunt you – such as running out of money in retirement after a lifetime of watching prices go up. You can still plan now to enjoy enough to spend as well as how to spend it.
After decades of hard work and saving, you finally enter your golden years. If you’re gearing up to retire this year, here are five tasks to keep in mind, from spending cash to spending time.
Far more than merely an economic event, retirement is a life redefining milestone. Leaving work and transitioning to a different way to spend your time and money can change your identity. One trick: an open mind regarding leisure, learning, family and, believe it or not, even more work.
Some retirement guides scares the daylights out of you. They contend you should have much more saved by now than you do. Sometimes, though, they miss crucial factors, so you shouldn’t be so alarmed.
Your financial life, like climbing a mountain, does not end when you reach the summit, your retirement. Getting down safely, or making your retirement income last, requires a set of different strategies. How can you withdraw your money without depleting it?
You’ve saved for years. Now that retirement is here (or near), how do you create an income plan from your savings? There are five steps.