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Social Security Myth #3 - Once You Start Taking Social Security, It's Fixed Forever

Myth: Once you start collecting Social Security benefits, your payments are adjusted for inflation.

Answer: True. Social Security will adjust for inflation every year to help you keep up with rising costs. 227 more words

Social Security

Social Security Myth #2 - If Your Spouse Dies, You Can't Collect

Myth: If a working, married person paying Social Security taxes dies, the spouse can get survivor benefits from Social Security even if there are no children. 256 more words

Social Security

How to play the retirement catch-up game

By Trent Hamm, U.S. News & World Report

If you’ve put off saving for retirement, and don’t want to work forever, follow these tips.

It’s well established that if you start saving about 10 percent of your income for retirement starting at age 25, you’re going to be in excellent shape for retirement when you hit age 65. 714 more words

Money

Social Security Myth #1 - When It Comes to Social Security Age Doesn't Matter

Myth: You’ll receive the same monthly Social Security benefit no matter how old you are when you start collecting.

Answer: False. You can start your earned benefits as early as age 62 or as late as age 70. 241 more words

Planning

Why Awareness and Guidance Matter When it Comes to Social Security

You might already know that you are eligible to start claiming Social Security benefits when you reach age 62. But are you aware that there are thousands of possible claiming options (we found more than 8,000 different claiming options for a married couple!)? 210 more words

Planning

Check Out Our New Financial Engines Infographic: Demystifying Social Security

On Tuesday, Financial Engines issued a new research study, conducted by Greenwald & Associates, highlighting the disconnect between what near-retirees think they know about Social Security and what they actually know. 37 more words

Planning

Study Finds Overconfidence May Jeopardize Your Retirement Dreams

Think you’ve got Social Security all figured out? Overestimating your ability to make good Social Security claiming decisions could cost you more than you think.

Planning