The headlines are everywhere: Social Security may be depleted by 2034. Politicians promise fixes. Analysts debate what’s likely. But here’s the truth: Your retirement security shouldn’t depend on Congress getting its act together.
For retirees and those nearing retirement, Social Security is a critical source of income. However, recent discussions about potential changes under President Donald Trump’s administration have raised concerns.
Will benefits be cut? Can executive orders change Social Security? Should you be worried?
A recent survey revealed that 30% of millionaires rank outliving their wealth as their top financial concern. With medical advances pushing lifespans well into the 90s, even substantial fortunes can face the threat of depletion.
The question isn’t just if you have enough—it’s whether your wealth is structured to endure for potentially 30+ years of retirement.
Basing your retirement plans on a 30-year-old rule might lead to unforeseen financial challenges. It’s crucial to understand why the 4% rule may no longer suffice.
Are you a federal employee wondering if you should accept the government’s Voluntary Early Retirement Authority (VERA) offer? While early retirement sounds appealing, it’s a decision with long-term financial and lifestyle implications.
Losing a spouse is one of life’s most challenging experiences, often bringing financial uncertainty on top of emotional hardship. Social Security survivor benefits can provide essential financial support, but navigating the rules and making the right claiming decisions can be complex. This guide will help you understand: Making informed decisions about your survivor benefits can…
If you’re a federal employee, you may have recently received a cryptic email from OPM with the subject line: “Important Information Regarding Your Retirement Election.” This message, often called the “Fork in the Road” email, presents a critical decision that could impact your benefits, taxes, and long-term financial security.
Roth conversions have become a hot topic for retirees, offering the promise of tax-free growth and withdrawals. However, jumping into a Roth conversion without fully understanding its impact can jeopardize your financial goals. This post is designed to help you evaluate whether a Roth conversion is right for you—and to explain why a personalized approach…
“When can you file for Social Security and when is the right time to begin receiving Social Security retirement benefits?”
However, despite its commonality, there is no definitive answer to this question, as various personal factors, Congressional policies, and unpredictable future events influence it.