Rick Miller presented a talk on retirement, Social Security, and retirement planning at a webinar hosted by Maxifi. Here are his insights.
Social Security retirement benefits are most Americans’ retirement income foundation. Do you know how the SSA calculates your benefits?
When constructing an investment portfolio, the more secure and predictable assets you have, like social security and pensions, the more risk you can take. Rick Miller discusses the lifetime balance sheet and inflation-protected assets like social security.
This Part 3, of a 3-part series, read the other parts here: Part 1, Part 2. In my previous two articles, I talked about both the relatively small number of Americans who delay receiving Social Security until age 70 (the age that would maximize their benefit), here, and how a breakeven analysis of Social Security[Learn more…]
This is Part 2, of a 3-part series, read the other parts here: Part 1, Part 3. In my previous article, I noted the (surprising) fact that although most financial planners recommend people delay filing for Social Security until age 70, when the benefit will be highest, only about 1% of Americans actually do this.[Learn more…]
This is Part 1, of 3-part series, read the other parts here: Part 2, Part 3. There’s been a lot of discussion lately about “the one percent.” And while income inequality is an important topic, I want to talk about “the other one percent.” This is not an article about Thomas Piketty or tax policy.[Learn more…]
It is no secret that the Social Security program is financially unsustainable. Based on current projections, too little cash is coming in to cover future benefit payments. The first page of your Social Security Statement (the document reporting your lifetime earnings history and estimating your future Social Security benefit) states that “by 2034, the payroll[Learn more…]