Learn how inflation and stock market volatility has impacted your daily finances. getty If you’re approaching retirement or have recently retired, you might be concerned that the recent decline in the stock market or high inflation could derail your retirement. And indeed, there are good reasons to pay attention in today’s uncertain environment. But instead…
Develop a robust financial plan for retirement—and a Plan B. getty There are so many books, articles, podcasts, and shows about planning for retirement that it might seem overwhelming to you. With so much information coming at you, it’s possible to lose sight of your overall strategy and not see the forest for the trees.…
Ask Larry Economic Security Planning, Inc. Today’s Social Security column addresses questions about how and when Social Security determines someone to have turned 62, filing for retirement benefits at FRA before later spousal benefits and retroactive retirement benefits before survivor’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and…
Ask Larry Economic Security Planning, Inc. Today’s Social Security column addresses questions about when you might need to and when you can file retroactively, how disability benefits are calculated versus standard retirement benefits and reduction rates for filing early. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of…
(Photo by Universal Images Group via Getty Images) Universal Images Group via Getty Images Under a new Medicare rule, you could see some prescription drug savings. According to The Senior Citizens League, “seniors enrolled in Medicare Advantage plans and Medicare Part D prescription drug plans can expect improved transparency and lower out-of-pocket costs for medications…
Understand how Social Security is financed; plan your retirement and vote accordingly! getty It’s time for the annual ritual of understanding and interpreting the Social Security trustees’ report. The 2022 report analyzes and summarizes the latest actuarial status of the trust funds that support Social Security’s retirement and disability programs, as well as the fund…
Ask Larry Economic Security Planning, Inc. Today’s Social Security column addresses questions about how and when spousal benefits can be available for each spouse in turn, drawing divorced spousal benefits with multiple exes and when first payments can be expected. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president…
The editors of Bloomberg recently published a series of editorials on America’s impending “retirement crisis,” which they assert could “under reasonable assumptions … overwhelm state budgets across the country” as impoverished seniors increasingly rely on government handouts to survive. Scary stuff, if true. In fact, the assumptions driving these frigthening claims are anything but reasonable.…
Ask Larry Economic Security Planning, Inc. Today’s Social Security column addresses questions about whether survivor’s benefits reduce full retirement age for all benefits and the earnings test, earning more or paying more to increase benefits and the earnings test and survivor’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder…
Ask Larry Economic Security Planning, Inc. Today’s Social Security column addresses questions about whether congress is working on a fix for people who turned 60 in 2020, when an application for divorced spousal benefits can be submitted and whether filing early affects the Government Pension Offset. Larry Kotlikoff is a Professor of Economics at Boston…