Social Security

Rumors of Social Security going bankrupt often swarm the financial world. However, in reality, benefits are set to decrease to 78 percent (in 2034 to be exact), and lawmakers will more than likely step in and make a move far before then.

If you’re having second thoughts about your Social Security claiming strategy, the good news is, “do-over” options exist.

If you’re worried about the future stability of Social Security, rest assured, the outlook still looks positive.

Deciding when to claim your Social Security benefits can have a large impact on your retirement income, and many individuals aren’t making the most of it. In fact, only about four percent of retirees are making the optimal Social Security claiming decision, which results in a loss of about $2.1 trillion in wealth.

Tales of the impending demise of Social Security benefits continually circulate the financial world; However, you shouldn’t let these scare tactics get the best of you.

Retirement planning legends and rules-of-thumb are plentiful, but do they hold true when it comes to your hard-earned dollars?

Navigating your way through the complexities of Social Security can feel overwhelming. Add on the passing of a spouse, and it can become even more perplexing.

Listen up, Social Security recipients! You could soon see an increase in your monthly checks if current economic trends continue.

If you’ve accumulated enough savings to support your lifestyle in retirement, the formula for delaying Social Security will work in your favor, no matter which way you slice the pie.