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Category: Social Security

Social Security Financial Outlook – 2019 Edition

Social Security Financial Outlook – 2019 Edition

One of my favorite sources of information on retirement is the Center for Retirement Research at Boston College. Last week, they released their Social Security Financial Outlook summary report of the 2019 Trustees Report. I’ve taken the liberty of extracting what I view to be the primary points of their article to share with you – a summary of a summary if you will. Here’s what I thought you might find useful to know: How does this year’s report compare…

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Will Social Security Still Be There When I Retire?

Will Social Security Still Be There When I Retire?

Social Security is a touchy subject.  Because of its political and emotional attachments, it also one of the more misunderstood areas of financial planning.  As I’ve watched the attitude toward Social Security evolve, retirees claiming benefits early seems to be a popular strategy due at least in part to the perceived insolvency of the program. “I’m going to get it while it’s still there.” is a popular refrain.  Many times, I hear retirees talking about Social Security in a similar…

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Should You Wait Until 70 for Social Security?

Should You Wait Until 70 for Social Security?

There are a lot of misconceptions about when to file for Social Security benefits.  Should you file as soon as possible, at 66 or wait until 70?  The truth is your answer is and should be unique to you.  What your neighbors or even your other family members are doing probably should not be considered in your decision.  My goal in this article isn’t to convince you to wait, but to help you see the potential value in waiting if…

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