Social Security

Why Buy an Annuity When the Market is Up?

Perhaps you are familiar with an annuity. The basic premise is that you convert a lump sum of money into a stream of income. Unlike an investment, once you commit a fixed amount of money to the insurance company, that company is contractually obligated to provide you a minimum level of income with the option…

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Notes on Social Security

The Federal Trade Commission (FTC) reports that Social Security beneficiaries have lost $6.7 million in two months resulting from a new, highly effective scam. This is how it works: Someone calls you and says they are with the Social Security Administration (SSA), stating they regret to inform you that your Social Security payments have been…

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The Theory of Longevity

The factors determining how and when one dies often remain a mystery. Consider comedian George Burns who, despite being an avid cigar smoker for 75 years, lived to age 100. In the continued study of longevity, researchers have uncovered another startling statistic: Holocaust survivors lived 7.1 years longer on average than their contemporaries who were…

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Women in the Workplace

People are living longer, which also means more people are working longer, either because they want to stay engaged or they need more time to prepare for a longer retirement. Unfortunately, these trends haven’t made ageism any less prominent. One researcher found careers tend to peak at age 45 for men and age 40 for…

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Social Security Updates

Good news for retirees: Social Security benefits are scheduled to increase 2.8 percent in 2019, the biggest bump since the 3.6 percent increase in 2012. The average beneficiary – who received about $1,405 a month in 2018 – can expect to see just over $39 more each month, or about $468 more over the course…

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3 Common Questions About Social Security

While Social Security shouldn’t be relied upon to be the sole source of income during retirement, it can play an important role in your overall retirement income strategy. But making sense of the basic ins and outs of Social Security can be overwhelming. Here are three questions people commonly ask as they approach retirement age:…

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Retiring and Taking Social Security

Retiring and Taking Social Security As of 2013, full retirement age is 66 for anyone born in 1943 or earlier.  Born between 1943 and 1959? Full retirement will be at age 66 plus two months depending on what date your birthday falls. If you are like me, born after these dates, full retirement is age…

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