The best reason to take out Social Security long before the age of 70 | Smart Change: Personal Finance

(Ryan Downey) One of the most important decisions in retirement planning is the decision about when to start receiving Social Security benefits. Many people realize that they can maximize their monthly check-ups by starting to take them at age 70, but this is not always the best option. There is no right answer that applies … Read more

The best reason to take out Social Security long before the age of 70 | personal financing

(Ryan Downey) One of the most important decisions in retirement planning is the decision about when to start receiving Social Security benefits. Many people realize that they can maximize their monthly check-ups by starting to take them at age 70, but this is not always the best option. There is no right answer that applies … Read more

Pros and Cons of Calculating Average Cost in Dollars | Smart Change: Personal Finance

(FINRA staff) When considering investing, one consideration is whether you want to invest the money all at once or over a period of time. If you choose the latter path, you may choose an investment strategy called dollar cost averaging. With an average dollar cost, you invest your money in equal parts, at regular intervals, … Read more

The average retiree falls $2,538 below the maximum Social Security benefits. Here why | Smart Change: Personal Finance

(Christy Pepper) In 2022, the maximum monthly Social Security benefit is $4,194. This would provide a generous amount of $50,328 in retirement income for those who receive it. However, most people will not come close to maximizing the benefits. In fact, the average monthly retirement check is just $1,657, which means the typical senior gets … Read more

Pros and Cons of Calculating Average Cost in Dollars | Smart Change: Personal Finance

(FINRA staff) When considering investing, one consideration is whether you want to invest the money all at once or over a period of time. If you choose the latter path, you may choose an investment strategy called dollar cost averaging. With the average cost in dollars, you invest your money in equal parts, at regular … Read more

Let the dividends lead you to the promised land | Smart Change: Personal Finance

(Steven Walters) The comprehensive investment portfolio should include companies that pay dividends. As a shareholder, dividends are a way to reward them for holding your investment and, when used in the right way, can make up a good portion of your total portfolio return. However, not all companies that pay equal dividends are created. If … Read more