Social Security: Why You Really Need to Estimate Your Life Expectancy Before Claiming Benefits | Smart Change: Personal Finance

(Morri Bachmann) Many seniors have a hard time figuring out when to claim Social Security because there are pros and cons to different options. Applying for benefits at age 62, for example, means getting your money back sooner. But it also means lowering your monthly benefits for life. Waiting until full retirement age (FRA) means … Read more

Don’t Take Even $1 From Your Retirement Account Until You Take This Important Step | Smart Change: Personal Finance

(Christy Pepper) When you enter retirement, you will have to start withdrawing money from your 401(k) or other investment accounts. This requires a massive shift in mindset, given that you’ve been building these accounts your whole life. And you have to be smart about when and how much to quit. Before you start calculating distributions, … Read more

Where to invest $10,000 in a bear market | personal financing

(Stephon Walters) Bear markets are interesting. On the one hand, no one likes to see the value of their investment portfolio plummet; on the other side, Bear markets It can present many opportunities for investors – especially if time is on your side. Instead of getting away with investing during these times, it can be … Read more