I am 62 years old when I pay a monthly pension of $ 5,100 and $ 100,000 annual costs. Should I collect social security now or postpone?

I am 62 years old when I pay a monthly pension of $ 5,100 and $ 100,000 annual costs. Should I collect social security now or postpone?

Smartset and Yahoo Finance LLC can earn commissions or income through links below. Should I collect social security now ($ 2,621 per month) or later? I’m 62 and my wife 60 years old. I withdrew in 2015 and my wife will retire in 2026. February I am collecting $ 5,125 in a monthly pension. My … Read more

More than a third of Americans say they want a “adventure full of retirement”

More than a third of Americans say they want a “adventure full of retirement”

Listen and subscribe to decoding pension Apple PodcastIs it Spotifyor wherever you find your favorite podcast. Retirement is no longer just golf course chairs, gardening, grandchildren or afternoons. Instead, it evolves from what many think that the traditional retirement is something much more dynamic, said Andy Smith, the Edelman Financial Engine Financial Planning Director. “I … Read more

Do you think you will retire at the age of 65? You may need a backup plan.

Do you think you will retire at the age of 65? You may need a backup plan.

Listen and subscribe to decoding pension Apple PodcastIs it Spotifyor wherever you find your favorite podcast. Do you plan to work up to 65 or even later? If so, it would be worthwhile to come up with a backup plan. Although 70% of people are planning to work up to 65, less than 30% actually … Read more

Do you have an “higher class” nest egg? Here’s what 20 percent. Left retirement – hint, that is less than you think

Do you have an “higher class” nest egg? Here’s what 20 percent. Left retirement – hint, that is less than you think

Perhaps you are living a good life now – delivery when you need to repeat, costs that do not need to first check your bank program. Or maybe you play a long game – budgets, invest, spend the Daily Lattes – all pay off when the pension turns. In any case, the goal is the … Read more