When our older daughter went off to college, it was a shock to the household. We didn’t think things would be so different because our younger daughter was still home. Just as we were getting used to the “new normal”, the older graduated from college and the younger was a senior in high school with one foot out the door. We knew at that point that things were going to … [Read more...] about Family Finance Fun—and Annual Tea Party
Boomer Small Business Owners: Is Being Your Own Boss in Your Retirement Dreams?
There is an unending amount of conflicting data about the age at which we Boomers will retire. One statistic reports, “40% of Americans plan to retire before 60”. Another states that “the average age to retire is 62 in the US.” Yet another says, “Only 22% plan to retire after 65.” Whether you decide to—or get to—retire at 55 or 65 or 75, becomes an important turning … [Read more...] about Boomer Small Business Owners: Is Being Your Own Boss in Your Retirement Dreams?
Social Security COLA for 2019: Sort of Like a Soft Drink
Folks who already claim Social Security retirement benefits heard they would get more in their checks starting in January, 2019. Good news indeed! In fact, the Social Security COLA—cost of living adjustment—was quite large: 2.8%. That is the highest increase since 2011. But in real dollars that will be available for retirees to spend, well, some might consider the increase … [Read more...] about Social Security COLA for 2019: Sort of Like a Soft Drink
Social Security Solvency: It Better Be Here to Stay
You may recall last month's blog post, Social Security Solvency: It’s Here to Stay. In that post, I shared where you can get the numbers to see how the program is working and what the projections are for its longevity. This month, I wanted more analysis of Social Security solvency in a way to bring home how impactful, or not, changing Social Security would be on the … [Read more...] about Social Security Solvency: It Better Be Here to Stay
Social Security Solvency: It’s Here to Stay
There are some 45,000,000 retirees collecting Social Security retirement benefits today. More than half of these folks decided to claim their benefit before their Full Retirement Age or FRA. In fact, 52% of men pushed the “grab-and-go” button well before Full Retirement Age. And, nearly 59% of women did the same. Full Retirement age is the age considered officially … [Read more...] about Social Security Solvency: It’s Here to Stay
