After increasing the retirement age based on birth year a dozen times for those born between the years of 1937 and 1960, the retirement age has remained the same for…
The Advantages And Disadvantages Of Raising The Retirement Age
Category: Social Security
Survey: Cost-of-Living Adjustment Not Enough for Many Retirees
A recent survey of 750 American retirees conducted by Motley Fool found that 55 percent don’t believe the 8.7 percent cost-of-living adjustment for 2023 announced by the Social Security Administration…
Social Security Announces 8.7 Percent Benefit Increase for 2023
Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 8.7 percent in 2023, the Social Security Administration announced today. On average, Social…
Social Security Administration changes full retirement age to 67
The Social Security Administration (SSA) says it has good and bad news for consumers to start 2022. According to Consumer Affairs, the agency announced that the full retirement…
To Get the Most From Social Security, Log On
If you haven’t yet claimed Social Security, please read this article from the New York Times that talks about several online tools (both free and for a nominal fee) that…
Can You Lose Your Social Security Over Delinquent Debt?
Sometimes you have no choice but to retire with debt, particularly when an illness or a job loss forces you to quit working earlier than you planned. If…
A Guide to Finance for Seniors
Jeff Hoyt, Editor in Chief of Seniorliving.org gathered together a group of experts with over 100 collective years of experience in senior care. The goal of this guide…
How Individuals on Social Security Disability Benefits Can Qualify for a Reverse Mortgage
If you are receiving Social Security disability benefits and you thought that you’d never be able to get a reverse mortgage, you should know that disability benefits don’t…
Social Security Benefits Lose 30 Percent of Buying Power Since 2000
An analysis of Social Security “cost of living adjustments” (COLAs) compared to the actual costs of goods and services purchased by older Americans found that Social Security benefits…
Are You Working With The Right Retirement Specialist?
Here are several excerpts from an article that discusses some smart insights from several professional financial advisors who pulled this content together for Kiplinger online. It’s well worth a read. The…