personal finance

3 Ways to Score a Richer Monthly Social Security Payout | Personal-finance

(Kailey Hagen) Seniors are usually the ones claiming Social Security, but they’re not the only people who should be thinking about it. If you plan to rely upon Social Security in retirement, you need to understand how the decisions you make today will affect your benefit later. Here are three things you can start doing …

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Want More Social Security? Make These Key Moves While You’re Still Working | Smart Change: Personal Finance

(Maurie Backman) Saving for retirement is important. While you can expect some monthly income from Social Security, those benefits may not be enough to cover all your bills. That said, there are steps you can take to lock in a higher monthly Social Security benefit. And the good news? You don’t have to wait until …

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Market rout sends US state and city pension funds to worst year since 2009

Public pension plans lost a median 7.9% in the year ended June 30, according to Wilshire Trust Universe Comparison Service data released Tuesday, their worst annual performance since 2009 and a fresh sign of the chronic financial stress facing governments and retirement savers. Much of the damage occurred in April, May and June, when global …

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Want More Social Security? Make These Key Moves While You’re Still Working | Smart Change: Personal Finance

(Maurie Backman) Saving for retirement is important. While you can expect some monthly income from Social Security, those benefits may not be enough to cover all your bills. That said, there are steps you can take to lock in a higher monthly Social Security benefit. And the good news? You don’t have to wait until …

Want More Social Security? Make These Key Moves While You’re Still Working | Smart Change: Personal Finance Read More »

Less Than Half of Workers Think They’ll Meet Their Retirement Savings Goals. Do These Things if You Have to Catch Up | Personal Finance

(Maurie Backman) It’s not unusual to come up with a magic savings number in the course of your retirement planning — a number you think will lend to long-term financial security and the ability to enjoy your senior years to the fullest. Maybe that number is $1 million. Maybe it’s $2 million. There’s no such …

Less Than Half of Workers Think They’ll Meet Their Retirement Savings Goals. Do These Things if You Have to Catch Up | Personal Finance Read More »

Here’s Exactly How to Optimize for the $4,194 Social Security Monthly Max | Smart Change: Personal Finance

(Kailey Hagen) A $4,194 monthly Social Security check could help you finance a pretty comfortable retirement, especially if you have personal savings too. But few people manage to pull this off. If you’re up for the challenge, here are the three steps you need to take to lock in the maximum Social Security benefit. Step …

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Regret Claiming Social Security Early? It’s Not Too Late to Fix That | Smart Change: Personal Finance

(Kailey Hagen) Choosing the right Social Security claiming age is crucial to maximizing your lifetime benefits. Wait too long, and you could miss out on Social Security altogether. Sign up too early, and you could cost yourself tens or even hundreds of thousands of dollars over your lifetime. It’s pretty easy to sign up for …

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Here’s Exactly How to Optimize for the $4,194 Social Security Monthly Max | Smart Change: Personal Finance

(Kailey Hagen) A $4,194 monthly Social Security check could help you finance a pretty comfortable retirement, especially if you have personal savings too. But few people manage to pull this off. If you’re up for the challenge, here are the three steps you need to take to lock in the maximum Social Security benefit. Step …

Here’s Exactly How to Optimize for the $4,194 Social Security Monthly Max | Smart Change: Personal Finance Read More »

This savings account is now paying 5% — plus other accounts that offer $100+ cash bonuses and more

Some savings accounts pay far more than others Getty Images/iStockphoto The national average interest rate for savings accounts is a paltry 0.11%, according to Bankrate data from July 27. The good news? Many online banks offer rates far higher than the national average — something you may want to consider as pros say that despite …

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The Surprising Truth About the Future of Social Security | Smart Change: Personal Finance

(Maurie Backman) One of the biggest myths surrounding Social Security is the idea that the program is rapidly running out of money. While Social Security may be at risk of depleting its trust funds within the next decade and change, it’s also expected to have plenty of money coming in. The reason? Social Security gets …

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