Alhambra's Bob Williams describes Social Security Breakeven Age and how it can help determine when to begin receiving your Social Security benefit.
Planning for retirement. There’s a lot of work that goes into it. You want to make sure you’ve saved enough, got things paid off if possible. You certainly want to know what your expenses will be so your retirement budget doesn’t blow up.
One of the line items with the...
I can, I will, I can’t, I won’t. Those are all responses we’ve heard in the past two years about deciding to retire. The response you give or the response you get is directly related to the U.S. economy.
Before COVID, American workers age 55 and above were retiring at...
Gray
divorce. Silver Splitter. Diamond Divorcee. They’re all names indicating a
growing divorce rate among older couples. While overall divorce rates in the
U.S. remained stable between 1990 and 2010, gray divorce, or divorce among
spouses age 50 and older, doubled
during the same time period. According to a study
from Bowling Green State University,...
The seven deadliest words in the English language—We’ve never done it this way before. And that certainly applies to Baby Boomers whose prospects for retirement are different than any preceding generation.
Many Boomers, those born between 1946 and 1964, have made their retirement plans based on their parent's generation. The...
Alhambra's Bob Williams discusses Medicare's part in Long Term Care, and what to ask if you're considering long-term care insurance.
If you claim Social Security benefits early, don't expect to get a raise when you reach full retirement age. Alhambra's Bob Williams dispels the myth.
Ah,
for the good old days when the retirement formula was simple. Get a job. Retire
at 65. Go home and collect your pension. But those days are long gone. Pension
benefits became too expensive for companies to maintain. They cancelled the plans, started matching
contributions to 401(k)s and pushed the burden of...
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It’s no secret. Social Security is in trouble. It’s been talked about by the American public for years and ignored by politicians who keep kicking the can down the road. For at least 20 years, statements similar to this one from 1981 have appeared on every annual Social Security...