Security

Do you plan to take social security at 62?  3 reasons to wait until 70

Do you plan to take social security at 62? 3 reasons to wait until 70

(Adam Levine-Weinberg) A big question for Americans nearing retirement is when to file for Social Security benefits. While the U.S. government has set the full retirement age at 67 for those born in 1960 or later, Americans can choose to receive a reduced Social Security benefit as early as age 62 – or wait beyond …

Do you plan to take social security at 62? 3 reasons to wait until 70 Read More »

Do you plan to take social security at 62?  3 reasons to wait until 70

Do you plan to take social security at 62? 3 reasons to wait until 70

(Adam Levine-Weinberg) A big question for Americans nearing retirement is when to file for Social Security benefits. While the U.S. government has set the full retirement age at 67 for those born in 1960 or later, Americans can choose to receive a reduced Social Security benefit as early as age 62 – or wait beyond …

Do you plan to take social security at 62? 3 reasons to wait until 70 Read More »

Do you plan to take social security at 62?  3 reasons to wait until 70

Do you plan to take social security at 62? 3 reasons to wait until 70

(Adam Levine-Weinberg) A big question for Americans nearing retirement is when to file for Social Security benefits. While the U.S. government has set the full retirement age at 67 for those born in 1960 or later, Americans can choose to receive a reduced Social Security benefit as early as age 62 – or wait beyond …

Do you plan to take social security at 62? 3 reasons to wait until 70 Read More »

Do you plan to take social security at 62?  3 reasons to wait until 70

Do you plan to take social security at 62? 3 reasons to wait until 70

(Adam Levine-Weinberg) A big question for Americans nearing retirement is when to file for Social Security benefits. While the U.S. government has set the full retirement age at 67 for those born in 1960 or later, Americans can choose to receive a reduced Social Security benefit as early as age 62 – or wait beyond …

Do you plan to take social security at 62? 3 reasons to wait until 70 Read More »

Do you plan to take social security at 62?  3 reasons to wait until 70

Do you plan to take social security at 62? 3 reasons to wait until 70

(Adam Levine-Weinberg) A big question for Americans nearing retirement is when to file for Social Security benefits. While the U.S. government has set the full retirement age at 67 for those born in 1960 or later, Americans can choose to receive a reduced Social Security benefit as early as age 62 – or wait beyond …

Do you plan to take social security at 62? 3 reasons to wait until 70 Read More »

Retirees: expect a massive increase in Social Security in 2023 and a higher tax bill

Retirees: expect a massive increase in Social Security in 2023 and a higher tax bill

(Katie Brockman) Next year, retirees will likely receive one of the largest cost-of-living adjustments (COLAs) in history. While the official COLA for 2023 won’t be announced until October, Senior League pundits expect it to be around 8.7%. That’s way more than the usual 1% to 3% increase that seniors get most years, and it’s also …

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2023 will bring historic changes for Social Security retirees

2023 will bring historic changes for Social Security retirees

(Katie Brockman) Social Security can go a long way in making retirement more affordable, but with inflation continuing to rise, it’s increasingly difficult for retirees on fixed incomes to make ends meet. Fortunately, relief may be on the horizon. Next month, the Social Security Administration (SSA) will announce the Cost of Living Adjustment (COLA) for …

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Bobbi Rebell, Personal Finance Expert and Host of the "Financial Grownups" Podcast, Shares Her Best Personal Finance Books for Financial Security and Retirement Preparedness

Bobbi Rebell, Personal Finance Expert and Host of the “Financial Grownups” Podcast, Shares Her Best Personal Finance Books for Financial Security and Retirement Preparedness

Rebell, who has previously held various journalistic positions, specializes in personal finance topics. One of her top picks is “Smart Women Finish Rich,” which was written by her longtime colleague David Bach. Rebell recommends securities for novice investors through to seasoned savers. Loading Something is loading. Bobbi Rebel Bobbi Rebel Before Bobbi Rebell was a …

Bobbi Rebell, Personal Finance Expert and Host of the “Financial Grownups” Podcast, Shares Her Best Personal Finance Books for Financial Security and Retirement Preparedness Read More »

Revised Social Security benefits forecast for 2023 as inflation declines

Revised Social Security benefits forecast for 2023 as inflation declines

Social Security benefits are expected to increase significantly in 2023, but could be lower than previous forecasts, according to the Senior Citizens League. (iStock) The record increase in Social Security benefits in 2023 could be lower than expected as inflation declines, according to a new forecast from the Senior League. The consumer price index (CPI), …

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