Category Archives: Retirement,Social Security

Can You Answer These Social Security Questions Correctly? Only 13% of People Know the Answer to a Vital Question

Americans have rarely been more wrong about Social Security. As Nationwide Financial found in a recent survey, 40% of Americans say they’re either confident or very confident in their knowledge of Social Security. In fact, twice as many people say

Ask an Advisor: I Have $1.15 Million Saved and Will Collect $3,500 Per Month in Social Security. Can I Retire at 62?

I am 57 and have $1.1 million in my 401(k) and $50,000 in a high-yield savings account. I earn $300,000 per year and put $30,000 in my 401(k) each year plus a match on the first 6%. I have a

Ask an Advisor: Should I Delay Social Security and Rely on My 401(k) for 8 Years? I Have $750k in Savings and a Pension

Is it a viable plan to use my 401(k) for the eight years between retirement (age 62) and the max payout age for Social Security (age 70)? I have about $750,000 and I’m planning to take about $1,700 per month.

Many Americans Are Mishandling Their Social Security. Are You One of Them?

The biggest obstacle to maximizing your Social Security benefits isn’t your life expectancy, your health or how long you work – it’s your brain.  That’s the conclusion of a new study published by the National Bureau of Economic Research. Researchers

How Will the Declining Inflation Rate Impact Your Social Security Benefits?

As inflation continues to fall, next year’s estimated cost-of-living adjustment for Social Security recipients has ticked up to 3%, according to The Senior Citizens League. The organization is now projecting the 2024 COLA will increase the average monthly retirement benefit