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62 Is the Most Popular Social Security Filing Age. But Will That Change? | Smart Change: Personal Finance

(Maurie Backman) Millions of retired seniors collect a monthly paycheck from Social Security. And while the amount of that paycheck hinges on factors such as lifetime earnings, for many recipients, it’s lower than it needs to be. The reason? Age 62 has long been the most popular age to file for Social Security. But filing …

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2 Easy Ways to Set Retirement Savings Goals | Smart Change: Personal Finance

(Christy Bieber) Setting the right retirement savings goals is important to achieving financial security in your later years. Unfortunately, far too many people have not figured out how much money they’ll need to live on after leaving the workforce. And there’s a good reason for that – it can be complicated to try to estimate …

2 Easy Ways to Set Retirement Savings Goals | Smart Change: Personal Finance Read More »

Future Retirees Are at Risk of a $ 361,000 Mistake | Smart Change: Personal Finance

(Christy Bieber) If you have not retired yet, you’re hopefully making financial plans for the day you leave the workforce for good. Investing for retirement is a lifelong endeavor, and it’s crucial to ensure you have a clear idea of ​​how much money you’ll require. Unfortunately, many current workers are making a big mistake when …

Future Retirees Are at Risk of a $ 361,000 Mistake | Smart Change: Personal Finance Read More »

The 4 Crucial Social Security Rules Every Retiree Should Know | Smart Change: Personal Finance

(Christy Bieber) If you’re in your 60s, chances are good you’re starting to think about retiring and claiming Social Security. Before you do, though, you’ll want to make sure you understand the inner workings of this entitlement program. Otherwise, you could inadvertently make choices that jeopardize your financial security and make your life more difficult …

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Here’s How to Realistically Factor Social Security Into Your Retirement Plan | Smart Change: Personal Finance

(Maurie Backman) Millions of seniors today collect Social Security, and for many, those benefits serve as their sole or primary income source. Unfortunately, it’s those same people who tend to wind up cash-strapped in retirement. And if you’re looking to avoid that fate, then it’s important to be realistic about what Social Security will pay …

Here’s How to Realistically Factor Social Security Into Your Retirement Plan | Smart Change: Personal Finance Read More »

Worried Social Security Won’t Be Enough? Invest in a Roth IRA | Smart Change: Personal Finance

(Christy Bieber) Social Security benefits aren’t going to pay you enough money to support you by themselves. But even though you’ll require supplementary income, your retirement benefits from the Social Security Administration will be an important support source. That’s because these benefits are guaranteed to come for the rest of your life. As a result, …

Worried Social Security Won’t Be Enough? Invest in a Roth IRA | Smart Change: Personal Finance Read More »

3 Social Security Misconceptions You Can’t Afford to Get Wrong | Personal-finance

(Maurie Backman) Social Security has been around for a long time, and certain aspects of the program can change from year to year. But Social Security has a number of basic rules it’s important to know about. And buying into these misconceptions could leave you with less money during retirement. 1. Benefits are only reduced …

3 Social Security Misconceptions You Can’t Afford to Get Wrong | Personal-finance Read More »

3 Social Security Misconceptions You Can’t Afford to Get Wrong | Smart Change: Personal Finance

(Maurie Backman) Social Security has been around for a long time, and certain aspects of the program can change from year to year. But Social Security has a number of basic rules it’s important to know about. And buying into these misconceptions could leave you with less money during retirement. 1. Benefits are only reduced …

3 Social Security Misconceptions You Can’t Afford to Get Wrong | Smart Change: Personal Finance Read More »

3 Strategies to Recession-Proof Your Retirement Savings | Smart Change: Personal Finance

(Sam Swenson, CFA, CPA) Retiring amid a potential recession could make anyone’s stomach turn, but fortunately, there are ways to maintain your spending levels no matter the economic outlook. With inflation at 40-year highs, interest rates climbing fast, and stocks seeing their worst first half since the 1920s, investors are right to feel concerned. From …

3 Strategies to Recession-Proof Your Retirement Savings | Smart Change: Personal Finance Read More »

3 Social Security Misconceptions You Can’t Afford to Get Wrong | Smart Change: Personal Finance

(Maurie Backman) Social Security has been around for a long time, and certain aspects of the program can change from year to year. But Social Security has a number of basic rules it’s important to know about. And buying into these misconceptions could leave you with less money during retirement. 1. Benefits are only reduced …

3 Social Security Misconceptions You Can’t Afford to Get Wrong | Smart Change: Personal Finance Read More »