A million dollars sounds like a lot of money, but is it enough to retire on? It depends... for people who live frugally or who have a pension or a high Social Security benefit, it could be more than enough. For others, who may not have a pension or … [Continue reading]
When to Take Social Security, and Other Questions to Ask Before Retiring
Not too long ago, people took their Social Security benefits as soon as they retired. They didn’t think about how waiting to take Social Security could increase their benefit, they just applied for benefits as soon as they could. Thankfully, today … [Continue reading]
Forced Into Retirement? What You Should Do
During the Great Recession of 2008, many people were forced into early retirement. Panic is usually the first feeling that sets it when you lose your job. Yes, being forced into early retirement may seem like “the end of the world,” but it doesn’t … [Continue reading]
Q&A: Will My Wife Get My Full Social Security Benefit When I Die?
Q: My wife and I are already retired and my wife collects spousal benefits based on my work history. What will her Social Security death benefit be; will she get my full Social Security benefit when I die? A: That's a good question and you're … [Continue reading]
Preparing for Retirement in More Ways than One
Everyone knows the importance of having a solid plan for your retirement. The primary driver for a good retirement plan is of course financial; between investments, retirement savings plans, and Social Security benefits you can plan to have your … [Continue reading]
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