Claim Social Security early? Here’s who might regret you more than you | Smart Change: Personal Finance

(Dan Caplinger) Tens of millions of people rely on Social Security for financial support in retirement. After a long career, it’s comforting to know that you can get money from Social Security as early as 62. Many people base their decisions on when to claim Social Security based on their personal needs. In particular, if … Read more

Will lawmakers save Social Security from benefit cuts? | Smart Change: Personal Finance

(Morri Bachmann) Older people who get the bulk of their income from Social Security are likely to have a serious problem. the reason? Social Security may look for reductions in benefits in just over 10 years. And if lawmakers don’t step in, many retirees could end up in poverty. The good news is that there … Read more

Why Every Investor Should Have a Roth IRA | Smart Change: Personal Finance

(Mark Blank) When it comes to retirement accounts, the finance industry doesn’t make it easy for you. Not only are the different account names painfully uncreative and frustratingly similar—401(k), 403(b), traditional IRA, Roth IRA, etc.—it’s enough to understand and appreciate the pros and cons of each type to make your head spin. However, there is … Read more

Will he retire soon? 3 things to consider before claiming Social Security | personal financing

(Christy Pepper) Many retirees assume that claiming Social Security benefits right away makes sense for them. But the truth is, it’s not always a good idea to start getting these payments once you leave the workforce. To decide whether filing for Social Security screening applications is the right choice for you, there are three important … Read more

3 Ways to Get Richer Monthly Social Security Payments | Smart Change: Personal Finance

(Matthew Frankel, CFP®) The Social Security retirement benefit equation is a bit complicated, but the basic idea isn’t that hard to understand. The basic idea is that the Social Security Administration (SSA) tracks how much you earn each year from employment. When you retire, each year’s earnings, up to the annual Social Security tax cap, … Read more

No lie, these stocks pay you to own them | personal financing

There is a lot to like about dividend-paying stocks. As long as the core companies are healthy and growing, they will likely continue to pay their dividends to shareholders – regardless of whether the economy is booming or sluggish, regardless of whether the stock itself is rising or falling. Even better, these dividends tend to … Read more

5 ETFs Everything You Need for Retirement | Smart Change: Personal Finance

(Ryan Downey) If you don’t buy ETFs in your retirement account, you should probably consider it. There are hundreds of popular and reputable ETFs designed to offer different types of performance. Whether you are trying to maximize growth in Your Roth IRA Or trying to limit the volatility of your 401(k), there are ETFs that … Read more

Don’t be fooled by the sparkling high dividend yield | personal financing

(Stephon Walters) Dividends can play an important role in any investor’s portfolio. They should not represent all your investments, but invest in them Shares that pay dividends It can create a great source of income in the future. For older companies whose stock price may not have room for excessive growth, dividends provide a way … Read more

Pensioners are on their way to a massive increase in Social Security – why this concern News | Smart Change: Personal Finance

(Christy Pepper) In 2023, retirees are likely to receive a much larger Social Security check than they are entitled to in 2022. In fact, their benefits will be the largest increase in four decades. While that sounds like a great thing, the sad truth is that it’s really bad news that seniors are going to … Read more