social security

I often say I like writing about money because it's an area of human activity that naturally lends itself to my unfortunate literal tendency. Today's post is a good example of what I mean by that. Everybody knows Social Security retirement benefits rise the longer you delay claiming them Usually this is framed as an incentive to "delay retirement" or "keep working" past age … [Read more...] about The Social Security magic trick

I'd like to set some facts up on the board: In 1966, prior to the Johnson Administration's "War on Poverty," 28.5% of Americans over the age of 65 were living below the poverty line. In 2012, just 9.1% were; Since 1978, the number of workers covered by defined benefit pension plans has been in steady decline. in 2013, 39.5% of new female filers and 35.6% of new male … [Read more...] about Do we have a retirement savings crisis or a retirement income crisis (or neither)?