Category Archives: Social Security

The 10 hardest retirement decisions

Posted on December 7, 2011 by

Before you decide to take this big step, take time to figure out the specifics: It can have a tremendous impact on the lifestyle that awaits.

The decision to retire can be sparked by a number of factors: reaching a specific age, hitting a savings goal or being laid off in a tumultuous job market. To support yourself without income from a job, you’ll have to make a series of choices about Social Security, health coverage and your investments. Here are 10 of the toughest decisions you will make before you retire.
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Posted in Money, Retirement, Social Security, Taxes | Leave a comment

The Social Security Catch-22

Posted on November 8, 2011 by

By Kiplinger’s Personal Finance magazine
If you claimed retirement benefits early but were forced back to work by an uncertain economy, you might be in for an unpleasant surprise.

It sounds like a cruel joke.

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5 myths about Social Security

Posted on August 10, 2011 by

Everyone knows there are financial difficulties with the Social Security system, but misinformation and falsehoods are obscuring the problem and what needs to be done.

By Liz Weston, MSN Money

If you want to know the truth about Social Security, don’t ask a politician or a pundit.
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Posted in Estate Planning, Social Security | Leave a comment

401k or IRA: Which do you fund first?

Posted on August 10, 2011 by

Each has its advantages as a retirement-savings vehicle, but by asking several questions, you can make the best decision for your financial circumstances.
By Dana Dratch, Bankrate.com
In a perfect world, you’d max out your company 401k and your IRA.

But if you’re like a lot of people, “perfect” might not describe your money situation at the moment. So if you have to choose, which retirement account should get first dibs on your money?
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Posted in Money, Retirement, Social Security | Leave a comment