Many Americans have come to believe certain myths about Social Security benefits and may be misinformed on a range of important topics, such as who is actually eligible to receive benefits, how much they will receive when they apply for benefits, or whether Social Security will pay for their long-term care, to name a few. While the future of Social Security may be uncertain, it is essential to understand the facts about Social Security, particularly what your benefits are, and what they are not, so you can make informed decisions to help prepare for your future.
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There was an article recently in the Wall Street Journal about the collapse of a company called Future Income Payments. It was a really sad story.
There was a couple in the article and a nice picture of them. They have lost a big part of the money they had set aside for retirement and are in pretty bad financial condition.
It is alleged that they lost that money in a scheme perpetrated by a company called Private Income Payments which would buy pensions and sell the rights to the payments to investors in a little known, and to be …Read More
By Eve Kaplan, CFP® Practitioner
New data show the powerful positive financial impact of delaying retirement by even just a few months. Postponing retirement even by a month – for some – can equal or exceed the positive impact of saving more each year for 10 years while working. This is great news especially for people approaching retirement who are worried about insufficient savings and who might be thinking that it’s “too late” to shore up their retirement.
As an advisor, I’m always looking for ways for clients to improve their retirement prospects. We’ll all living longer lives and the …Read More