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Early Social Security claimants, get ready for this big change in 2023

Early Social Security claimants, get ready for this big change in 2023

(Kailey Hagen) We’re only weeks away from knowing what kind of cost-of-living adjustment (COLA) Social Security recipients can expect in 2023. While that’s a big deal, it’s not the only exciting change coming in the next year program. Workers who claim Social Security early may notice a difference in their checks that has nothing to …

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Why I Don't Count on Social Security, and You Shouldn't Either

Why I Don’t Count on Social Security, and You Shouldn’t Either

(James Brumley) There was a time when Social Security payments were a key part of people’s retirement funding plans. But this is less and less the case, and rightly so. The program is struggling to handle a burden that was unanticipated when it was created in 1935. Namely, people are living longer. Then the average …

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Why I Don't Count on Social Security, and You Shouldn't Either

Why I Don’t Count on Social Security, and You Shouldn’t Either

(James Brumley) There was a time when Social Security payments were a key part of people’s retirement funding plans. But this is less and less the case, and rightly so. The program is struggling to handle a burden that was unanticipated when it was created in 1935. Namely, people are living longer. Then the average …

Why I Don’t Count on Social Security, and You Shouldn’t Either Read More »

Why I Don't Count on Social Security, and You Shouldn't Either

Why I Don’t Count on Social Security, and You Shouldn’t Either

(James Brumley) There was a time when Social Security payments were a key part of people’s retirement funding plans. But this is less and less the case, and rightly so. The program is struggling to handle a burden that was unanticipated when it was created in 1935. Namely, people are living longer. Then the average …

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Not going out: how the cost of living crisis is destroying the social life of young people

OWhen Beth thinks back to her pre-pandemic life, she looks almost unrecognizable. Between dinner parties, cinema outings, Sunday brunches and takeout with friends, the 28-year-old NHS nurse from the East Midlands usually had a calendar full of projects. That changed drastically with Covid-19 but, just as restrictions eased, the cost of living crisis started to …

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Do you plan to take social security at 62?  3 reasons to wait until 70

Do you plan to take social security at 62? 3 reasons to wait until 70

(Adam Levine-Weinberg) A big question for Americans nearing retirement is when to file for Social Security benefits. While the U.S. government has set the full retirement age at 67 for those born in 1960 or later, Americans can choose to receive a reduced Social Security benefit as early as age 62 – or wait beyond …

Do you plan to take social security at 62? 3 reasons to wait until 70 Read More »

Do you plan to take social security at 62?  3 reasons to wait until 70

Do you plan to take social security at 62? 3 reasons to wait until 70

(Adam Levine-Weinberg) A big question for Americans nearing retirement is when to file for Social Security benefits. While the U.S. government has set the full retirement age at 67 for those born in 1960 or later, Americans can choose to receive a reduced Social Security benefit as early as age 62 – or wait beyond …

Do you plan to take social security at 62? 3 reasons to wait until 70 Read More »

Do you plan to take social security at 62?  3 reasons to wait until 70

Do you plan to take social security at 62? 3 reasons to wait until 70

(Adam Levine-Weinberg) A big question for Americans nearing retirement is when to file for Social Security benefits. While the U.S. government has set the full retirement age at 67 for those born in 1960 or later, Americans can choose to receive a reduced Social Security benefit as early as age 62 – or wait beyond …

Do you plan to take social security at 62? 3 reasons to wait until 70 Read More »

American retirees don't wait 70 years to collect Social Security

American retirees don’t wait 70 years to collect Social Security

The US government makes no secret of the fact that the longer you wait to collect Social Security, the more money you collect. In fact, the concept is quite simple. Here’s the deal, straight from the US Social Security Administration. If you start receiving retirement benefits at age . . . 67, you will receive …

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