Employers have moved away from offering pension plans with their defined benefits to offering defined contribution plans where the employee contributes from his or her salary and the employer may offer a matching contribution to a 401(k).
If you’re 50 or older, catch-up contributions can help get your retirement savings back on track and correct the financial mistake of not contributing earlier in your career.
Take a look at the size of benefits for Social Security recipients with a full retirement age of 66 who file for benefits in 2015.
When it comes to developing a strategy for claiming Social Security benefits, there’s not 1 decision that’s right for everyone. There are a lot of variables.
For 6 in 10 (59 percent) employed retirees, the primary reasons they work are nonfinancial, including to stay mentally alert (18 percent), to remain physically active (15 percent) or to have a sense of purpose (14 percent).
Fewer people are claiming Social Security at age 62, according to a new analysis.
Waiting until at least full retirement age gives you a full benefit and some options you don’t have by filing early.
I’m 62 years old today and old enough to claim Social Security — but I’m not going to.
Here’s how to make a boomer happy. Let him or her celebrate a 62nd birthday, draw Social Security and still keep working at full pay. Unfortunately, the system doesn’t work that way. Today, people who are between 62 and full retirement age — 65 or 66, depending on their age — can claim Social Security, but if