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On paper, drawing down your 401(k) to delay Social Security benefits seems like a clever maneuver. After all, the monthly benefit check grows larger every year that you manage to delay retirement.
Social Security is dipping into its trust fund to pay current retirees, with spending outpacing its revenue from payroll ...
If benefits are reduced, it would require $138,000 in additional savings to generate the same income, PensionBee found.
Rule of Social Security' holds that it's best to be like Ike — Eisenhower, that is. The five-star general knew a thing or two ...
If you choose to draw on your Social Security before you reach your full retirement age (66 or 67 years old, depending on if you were born before or after 1960) and if you earn more than the ...
Social Security overpayments draw scrutiny and outrage from Congress "The government’s got to fix this," said Ohio Sen. Sherrod Brown. By David Hilzenrath and Jodie Fleischer, Cox Media Group.
You can draw Social Security benefits from the age of 62 to 70. The age at which you choose to start receiving benefits, however, might reduce or increase the amount you get.
Social Security Is ‘Use It Or Lose It,’ With One Exception The money you’ve paid into Social Security is your money, but unlike other investments, you can’t pass it on to your heirs.
Maybe too great for some. The federal government allows retirees to start drawing Social Security as early as age 62, a feature that more than 40 percent of Americans take advantage of as they ...
A: So, if you take your own Social Security at 62 with the reduced payment, and are later widowed, your own early payment reduction will not carry over to the widow’s payment, says Andy Landis ...
If you choose to draw on your Social Security before you reach your full retirement age (66 or 67 years old, depending on if you were born before or after 1960) and if you earn more than the ...