Here are some questions to ask yourself when deciding whether or not you are ready to retire.
Is your nest egg adequate?
It’s obvious, but the earlier you retire, the less time you’ll have to save, and the more years you’ll be living off of your retirement savings. The average American can expect to live past age 78. (Source: CDC, “Deaths: Preliminary Data for 2011″) With future medical breakthroughs likely, it’s not unreasonable to assume that life expectancy will continue to increase. Is your nest egg large enough to fund 20 or more years of retirement?Read More
Every year, the Trustees of the Social Security and Medicare Trust Funds release reports to Congress on the current financial condition and projected financial outlook of these programs. This year’s reports, released on May 31, 2013, show that both programs face urgent financial challenges that should be addressed as soon as possible.Read More
Kurt Czarnowski, the Social Security Administration’s former Regional Communications Director for New England joins to talk with host Chris Boyd. They will cover Social Security basics and making the most out of your benefits.
Deciding when to begin receiving Social Security benefits is a major financial issue for anyone approaching retirement because the age at which you apply for benefits will affect the amount you’ll receive. If you’re married,Read More