(Dan Caplinger) It is important to make the most of your Social Security benefits. The problem, however, is that the program is complicated and it’s easy to miss out on available benefits or aspects of the program that can benefit from it. In particular, there are three things many people don’t realize about Social Security. …
(Sam Swenson, CFA, CPA) With soaring inflation and rising interest rates, Social Security is set to play an even bigger role in retirees’ income and spending plans. Now, perhaps more than ever, people need guaranteed monthly income to cover foreseeable retirement expenses. Conventional wisdom says you’ll end up with more money by waiting until age …
4 good reasons to take Social Security benefits at 62 Read More »
It’s no surprise that due to the rising level of inflation this country is experiencing, the Social Security COLA, or cost of living adjustment, is staggering. Other Social Security 2023 changes beyond COLA are also on the way. For 2023, people receiving social security will see an 8.7% increase in COLA. This means that if …
What you need to know about the 2023 Social Security changes beyond COLA Read More »
Some income annuities have fixed income requirements, making them useful to help fund early retirement or pre-fund a large loan or life insurance policy. Immediate income annuities with lifetime payouts are popular for good reason. By providing an immediate monthly income guaranteed for life, they help ensure a worry-free retirement. But you don’t have to …
(Dan Caplinger) Millions of retirees live on the fixed income provided by social security. With little outside savings, having Social Security make annual cost-of-living adjustments is essential, as it allows the purchasing power of the checks program recipients receive to remain reasonably constant even in the face of inflation. high. In January, Social Security beneficiaries …
This flight attendant seeks financial help from an advisor, but how do you choose the right one? Getty Images Question: I think I need a financial advisor. I’m 61 and plan to retire at 70. I am a flight attendant and will receive a pension of just over $900 a month. I have a 401(k) …
This flight attendant seeks financial help from an advisor, but how do you choose the right one? Getty Images Question: I think I need a financial advisor. I’m 61 and plan to retire at 70. I am a flight attendant and will receive a pension of just over $900 a month. I have a 401(k) …
