“Start Social Security at 62 and Invest Wisely” – Why It’s Your Best Move

“Start Social Security at 62 and Invest Wisely” – Why It’s Your Best Move

Rix Pix Photo / Shutterstock.com Dave Ramsey advises claiming Social Security at age 62, despite the 30% reduction in benefits, to invest the funds for potentially higher returns. Early claimants who continue to work lose $1 in benefits for every $2 earned over $23,400 annually until full retirement age. This strategy requires saving enough to … Read more

At 60 I have nothing for retirement and no plan other than Social Security. Now that I’ve been fired, how can I survive?

At 60 I have nothing for retirement and no plan other than Social Security. Now that I’ve been fired, how can I survive?

GroundPicture/Envato Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. What do you do when you turn 60 and haven’t saved much, if anything, for retirement? Imagine Ryan, a single man from Little Rock, Ark., finding himself in this situation shortly after losing his job during a company … Read more