Category: Social Security

Can You Count on Social Security to Fund Your Retirement?

Social Security is a critical piece of the income puzzle for most retirees. In fact, half of married retirees and nearly 70% of unmarried retirees rely on Social Security for more than 50% of their retirement income.1 Your Social Security benefit amount is based on a few factors, including your career earnings and your age […]

How Does Social Security Work for Government Employees?

Approaching retirement? If so, you’re likely finalizing important decisions about when exactly you’ll retire, how you’ll fund your retirement and what you’ll do with all your newfound free time. You also may be looking at your FERS or CSRS annuity and determining how to maximize the value. While your annuity is important, it’s just one […]

FERS: What’s the Best Date to Retire in 2019?

Is retirement on your resolution list for 2019? If so, this is probably an exciting time. Perhaps you’re making plans to travel or spend time with family. You may be thinking about all the free time you’ll have available once you wrap up your career in government. Technically, you can retire anytime you want, assuming […]

Social Security Benefit Increases and What They mean for Your Retirement

Social Security are going up. The Social Security Administration recently said that benefits will increase 2.8 percent in 2019. This is the largest cost-of-living adjustment (COLA) in more than a decade. Last year benefits increased only 2 percent. In fact, there weren’t any benefit increases in 2010, 2011 or 2016.1 Social Security offers benefit increases […]

Don’t Plan on Social Security Funding Your Retirement

It’s no secret that Social Security is an important piece of the income puzzle for retirees. In fact, for many retirees, it could be their only source of guaranteed* lifetime income. Your Social Security benefit may provide a lifetime safety net to help you cover retirement’s most challenging expenses. However, it’s important not to rely […]

Is It Always Best to Delay Social Security?

As a retiree, one of your most important decisions will be when to file for Social Security benefits. Why is it so important? Because it’s permanent. Once you file, you can’t undo it, and you can’t change your benefits in the future. That’s an important point, because your payments can change significantly depending on when […]

August 29, 2018 Social Security

Are You Eligible to Receive Social Security Spousal Benefits?

Are you planning your retirement? If so, you’re likely analyzing your projected income to determine whether it will meet your needs. It’s likely that Social Security will be a part of your retirement income mix. Nearly 90 percent of all retirees rely on Social Security benefits for a portion of their income.1 Your Social Security […]

March 20, 2018 Social Security