Archive - 2019

1
Friends With (Social Security) Benefits
2
Reached Your Retirement Savings Goal? Keep Saving.
3
The Deep Value of Useless Things
4
Read and Reflect on Fiction with Financial Themes
5
Deciding When to Claim Social Security Isn’t a Guessing Game

Friends With (Social Security) Benefits

Social Security is arguably one of the most important cash flows for individuals in retirement. Many individuals have paid into the system for years, and in turn will be eligible for reduced benefits as early as age 62, or at their full retirement age (between ages 66 and 67). The decision on when to start collecting benefits is important and can impact your retirement cash flows for your remaining retirement. This decision should not be taken lightly, and it should not be left to informal conversations with friends, coworkers, etc. In other words, don’t base your decision to take benefits based on what your friends have done. Your situation is different. And in most cases, your decision is final. There are several strategies that may be employed when collecting benefits. Such strategies include taking benefits early at a reduced amount, delaying benefits for a higher amount, spousal retiree benefits, and […]

The post Friends With (Social Security) Benefits appeared first on Getting Your Financial Ducks In A Row.

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Reached Your Retirement Savings Goal? Keep Saving.

In “Are you confident about your retirement savings? That could be dangerous,” USA Today and TheMotley Fool discuss a survey that found “38% of retirees say they felt either extremely or very confident in their savings before they retired.” Notice that this is how they felt before actually retiring. It is possible that these same survey […]

©Bring Clarity to Your Finances™. Reached Your Retirement Savings Goal? Keep Saving. is a post from Bring Clarity to Your Finances™

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The Deep Value of Useless Things

At the risk of sounding like an aging baby boomer (oops, that is me), I want to put in a pitch to value highly those things that aren’t worth much. So here’s why everyone else is wrong. A liberal arts or humanities major There are an awful lot of parents these days who have a […]

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Read and Reflect on Fiction with Financial Themes

Summer isn’t over and there is still time to relax on the beach, the park, or your own backyard with a good book. And when we say good book, we don’t necessarily mean a book with financial advice. USA Today’s “Alpha women and fancy yachts make for good summer investing and finance reading” offers suggestions […]

©Bring Clarity to Your Finances™. Read and Reflect on Fiction with Financial Themes is a post from Bring Clarity to Your Finances™

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Deciding When to Claim Social Security Isn’t a Guessing Game

The summation of a Bloomberg article that states that many Americans opt to receive Social Security benefits at the wrong time may be confusing: “Most retirees should wait longer to access their benefits, researchers find. Some should claim them sooner.” Why does this advice seem to be contradictory? Because there is no one rule for claiming […]

©Bring Clarity to Your Finances™. Deciding When to Claim Social Security Isn’t a Guessing Game is a post from Bring Clarity to Your Finances™

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