Social Security is Running Dry But that doesn’t mean it will cease to exist! Social Security has been an important topic in retirement for decades, but a lot has changed in recent years. For preceding generations, a senior could obtain a sizable portion of their retirement income, solely from social security benefits. Nowadays, seniors that…

Your Retirement Matters Financial advisors come in all shapes and sizes, but a good advisor will never leave you high and dry. A financial advisor needs to support the needs of their clients and should never make investment recommendations based on a desire for personal sales commission. They need to work for the client’s needs,…

What is My Full Retirement Age? When you take out social security, your benefits are a combination of 3 types of benefits: retirement benefit, spousal benefit and survivor benefit. Different claiming strategies affect the age you can retire, as well as penalties. The reason financial planners talk so much about full retirement age, is that…

You might think that retirement is only complicated by financial stress, but retirement can put a strain on your relationships as well. Couples may find many different challenges associated with retirement, but with divorce rates rising, it is evident that retirement is a difficult transition for married couples. Domestic squabbles are often a result of…

Statistically, You Probably Will When we plan for retirement, there are more than a few uncertainties. At first, you might think that you can take care of unplanned expenses with a rainy day fund, but it depends on the complexity and magnitude of any unforeseen costs. According to Morningstar, 52.3% of people turning 65 will…