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What Social Security could look like 20 years from now in every state

Social Security benefits for retirees grew by an average of 2.54% every year over the last three decades. If this growth continues, the average Social Security benefit for retirees will grow to $US2,318.89 per month by 2038. However, that amount will be offset by a higher cost of living. For […]
What Social Security could look like 20 years from now in every state
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The states where people get the most money from Social Security, ranked

Social Security retirement benefits average about $US1,400 a month for American retirees. Florida has a lot of retired people – over 3 million – but the average Social Security check in the sunshine state is lower than the national average. Delaware, Connecticut, and New Jersey are the only states where […]
The states where people get the most money from Social Security, ranked
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5 Smart Strategies To maximise Your Social Security

[credit provider=”Flickr / Mariia Kravtsova I EamArt” url=”http://www.flickr.com/photos/pasportit/6109979586/in/photostream/”] Social Security has gone from being a minor supplement for workers who had already made their own arrangements to save for their old age to the key financial support for tens of millions of retirees.With so much riding on your benefits, you […]
5 Smart Strategies To maximise Your Social Security
Markets

You Need To Ask These Questions If You Want To Retire

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Turismo_en_Pampatar_2.jpg”] When it comes to planning for retirement, the questions you ask today have a huge impact on your future. That’s because your questions determine where your focus is.  In my experience, people often overlook the most important questions and that can be really costly.  In order to […]
You Need To Ask These Questions If You Want To Retire
Markets

You Should Probably Plan On Working Until Age 70

[credit provider=”Courtesy of The Library of Congress” url=”http://www.flickr.com/search/?w=commons&q=u.s.+open+brookline&m=text”] Only about half of households are on track to maintain their current standard of living upon retirement at age 66. However, if workers are willing to delay retirement until age 70, 86 per cent can expect to enjoy a comfortable retirement, according […]
You Should Probably Plan On Working Until Age 70
Markets

Millions Of Retirees Are Counting On Pensions That May Not Be There

[credit provider=”Flickr / Jennifer E Green” url=”http://www.flickr.com/photos/jenngreen/2348040459/sizes/m/in/photostream/”] One to the biggest issues that face millions of retiring individuals in the coming years is the grossly underfunded pensions for state workers nationwide.  Just recently the PEW centre For The States released their annual update on the status of state pension plans – the […]
Millions Of Retirees Are Counting On Pensions That May Not Be There
Markets

There’s No Way This Many Boomers Are Retiring

[credit provider=”Flickr / blank array ” url=”http://www.flickr.com/photos/nicemichael/6945714071/in/photostream/”] MetLife has a study out this week claiming the number of 65-year-olds who’ve retired soared to 45% from 19% in 2008.colour us sceptical, but just one month ago the Daily Mail reported that thousands of workers were delaying retirement because they would not […]
There’s No Way This Many Boomers Are Retiring
Markets

Americans Are Lying To Themselves About How Much They’re Saving For Retirement

[credit provider=”Orin Zebest on flickr” url=”http://www.flickr.com/photos/orinrobertjohn/158457033/in/photostream/”] Americans everywhere are underestimating how much they’re saving for retirement.A recent report from the National Bureau of Economic Research found that people will dramatically increase the amount they sock away if you simply explain to them how much their current savings will be worth.
Americans Are Lying To Themselves About How Much They’re Saving For Retirement
Markets

Age Is A Major Factor When It Comes To Retirement Planning

[credit provider=”Flickr / Will Clayton” url=”http://www.flickr.com/photos/spool32/5045502202/sizes/m/in/photostream/”] Eligibility for retirement benefits begins at different ages.Your age also plays a role in what you need to do to avoid retirement account penalties.
Age Is A Major Factor When It Comes To Retirement Planning