Some retirees may be surprised to learn that a portion of their Social Security benefits could be subject to federal income taxes.
Two days ago, I was sitting on a bench overlooking the Atlantic Ocean watching sizable waves smash onto the sandy beach and talking to a recently retired friend about, no kidding, Social Security. My friend is the sort of guy who pays attention to his finances, but as he was mapping out his retirement scenario […]
Social Security turned 77 this week, and Mitt Romney’s choice of running mate, Paul Ryan, has put the retirement program on the front burner as a campaign issue. So I’ve been reminded once again about Social Security’s frailty as a backstop for retirement income, especially for women in their 50s and 60s. This point was […]
Push off retiring until age 70 and your financial world is going to be much brighter. The Center for Retirement Research at Boston College reports in a new study titled: “National Retirement Risk Index: How Much Longer Do We Need to Work?” that a whopping 85% of households would be prepared to retire by age 70. (One caution: […]