You can take social security benefits early, but this leads to reduced payouts. You can also delay collecting social security for larger benefits.
Retirement Planning
All Retirement Planning Articles
How Much Money Do I Need to Retire?
There is no hard and fast rule to how much money you need to retire. Instead there are rules of thumb based on assumptions about…
How Long Will My Money Last in Retirement?
If your finances run dry in retirement, it won’t be easy. It's critical to have realistic ideas of how long your money will last in…
Stop Sabotaging Your Retirement Plans
Last year, behavioral economist Sarah Newcomb, PhD, explained to Bottom Line Personal readers why smart people routinely make bad financial decisions. The answer: Money mistakes...
Watch Out for These Land Mines
Inheriting an individual retirement account (IRA) from a loved one can be a windfall—but it also can be one of the trickiest assets to deal...
Retirement Calculators
Whether you’re in the dark about your retirement savings or want to double-check your strategy, there are dozens of free online calculators. Here’s how to...
Don’t Get Hit With This Medicare Surcharge
Most higher-earning seniors know they have to pay taxes on their Social Security benefits. But they may not know that they could get hit with...
The Hidden Risks Facing Retirees Today
Are you worried about outliving your retirement savings? Or a long costly stay in a long-term-care facility? Or concerned that steep inflation is eroding your...
Planning to Work Forever?
No one on their deathbed says, “I wish I had worked more”…right? That may have been true in the past, but these days one in...
How to Protect Your Credit Score After You Retire
Our credit scores typically get higher as we get older…but some of us unintentionally allow our scores to take a hit after we retire for...
When Should Your Retirement Plan Include an Annuity?
Annuities—insurance products that provide guaranteed regular income in exchange for a lump-sum payment upfront—are booming in popularity. Total sales hit a record-breaking $183 billion in...
Avoid These Mistakes When Drawing on Retirement Savings
Whatever strategy you use to withdraw money from your retirement portfolio, beware of the following landmines… Mistake #1: Thinking drawdowns have to cover all...
