Tag: social security
Chris is off visiting colleges with his oldest son this week, so please enjoy a repeat of this episode of Something More. Chris offers market perspective in light of recent downturns. He also welcomes Kurt Czarnowski of Czarnowski Consulting, who offers a wealth of information on Social Security. Even if you heard the show the […]
Every year, the Trustees of the Social Security Trust Funds release a report to Congress on the current financial condition and projected financial outlook of the program. This year’s report, released on July 28, contains valuable information about the health of Social Security that may help you understand how your Social Security benefits might be affected.
It’s easy to take Social Security for granted when retirement is years away, but with 94% of the U.S. workforce covered by Social Security,* it’s likely that this program will play a role in your financial future, perhaps even sooner than you think. Here are some facts and statistics from the Social Security Administration that […]
For many retirees and their families, Social Security provides a dependable source of income. In fact, for the majority of retirees, Social Security accounts for at least half of their income (Source: Fast Facts & Figures About Social Security, 2013). However, more of that income is being spent on health-related costs each year, leaving less […]
The obvious answer is, as much as you can. You’ll probably need to build a fund that you can draw on for much of your retirement income. This may be possible to do if you start early and make smart choices.
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 […]
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.
Social Security: When Should You Start Receiving Retirement Benefits
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,