Why Social Security financial problems should worry you, even if you’re not close to retirement

(Maurie Backman) You may have heard that Social Security is running out of money and won’t be around anytime soon. The good news is that this is not true. Social Security may be…

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Why Social Security financial problems should worry you, even if you’re not close to retirement

(Maurie Backman) You may have heard that Social Security is running out of money and won’t be around anytime soon. The good news is that this is not true. Social Security may be…

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Could Social Security bail you out if a recession hits in 2023?

(Maurie Backman) Will a recession hit in 2023? That’s a question on many people’s minds right now. The Federal Reserve has been raising interest rates for months in an attempt to slow the…

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Do you know these 4 secrets of Social Security?

(Dan Caplinger) If you want to get bigger Social Security checks when you retire, it’s important to learn as much as you can about the federal government program. Unfortunately, it can be difficult…

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The record Social Security increase for 2023 is not as good as it seems

(Justin Pope) Retirees feeling crushed by the highest inflation in decades are getting some relief. The Social Security Administration has announced that benefits will receive a cost-of-living adjustment (COLA) of 8.7%, the highest…

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3 Social Security Secrets to Even Bigger Checks

(Sam Swenson, CFA, CPA) When it comes to securing a bigger Social Security check, learning the basic rules is a productive first step. If you want a higher spending floor in retirement, earning…

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Here’s what the average Social Security retiree will get in 2023

(Kailey Hagen) Social Security is a lifeline for many seniors, but it’s often not enough to pay all of your retirement expenses. The projected average benefit for December 2022 is $1,680 per month,…

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3 Social Security Tips to Avoid Costly Mistakes

(Dan Caplinger) It’s important to get the most out of your Social Security benefits. The problem, however, is that the program is complicated and it’s easy to miss out on the benefits that…

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4 Great Reasons to Receive Social Security Benefits at Age 62

(Sam Swenson, CFA, CPA) With skyrocketing inflation and rising interest rates, Social Security will play an even bigger role in retirees’ income and spending plans. Perhaps now more than ever, people need to…

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I am a 61 year old flight attendant who wants to retire at 70. I will have a pension of $900 a month and receive Social Security, but I only have $150K in my 401(k). Should I get professional help?

This flight attendant is looking for financial help from an advisor, but how should she choose the right one? fake images Ask: I think I need a financial adviser. I am 61 years…

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