Delaying Archives - DR News - News, Retirement, Finance

Social Security Benefits: Is Delaying Worth the Lower Payments?

Tampa, Florida – Deciding when to claim Social Security benefits is a crucial decision when planning for retirement. It not only determines the amount of your monthly benefits but also has long-term implications for your financial security in retirement. While many people might be tempted to delay claiming benefits in order to receive higher monthly payments, it’s essential to carefully consider the trade-offs involved. Your full retirement age (FRA) is when you’re eligible to receive …

Delaying: How to Maximize Your Social Security Benefits During Retirement

New York, United States – Social Security, a program established in 1935, serves as a crucial financial safety net for the elderly and individuals with disabilities. With around 66 million beneficiaries, representing 20 percent of the American population, Social Security remains a vital source of income for many. About 90 percent of those over 65 rely on these benefits, which typically make up about 30 percent of their total income. The Peter G. Peterson Foundation …

Delaying Social Security Claim Can Yield Hundreds of Thousands in Extra Benefits, Study Shows

New York, NY – When it comes to deciding on the best time to claim Social Security benefits, there are many factors to consider. With an eight-year window from ages 62 to 70 for eligibility, the decision can be daunting. Delaying benefits can lead to increased payments over time, but it also means missing out on early payments. Recent research has shed light on the advantages of delaying Social Security claims, especially for high earners. …

Retirement Crisis Looms: BlackRock CEO Urges Delaying Retirement Past Age 65

New York, NY – BlackRock CEO Larry Fink has sparked a conversation on retirement age by suggesting that delaying retirement beyond age 65 could help individuals secure a better financial future. Fink believes that the traditional retirement age of 65, dating back to the Ottoman Empire, may no longer be suitable in today’s economic landscape. With concerns about the looming retirement crisis, Fink’s proposal has drawn attention to the need for proactive measures to address …

Congress Delaying Full Resolution of FY24 Spending Legislation Puts Health Care Stakeholders in Limbo

WASHINGTON, D.C. – With Congress delaying resolution of the federal spending legislation until at least early March, healthcare stakeholders are left waiting to resolve several priority issues once again. The delay creates an additional six-week window during which Congress could work to address at least some of these issues. However, the same challenges, including divisions over foreign aid and border security funding, and socially conservative policy riders, remain in place. The unresolved health care issues …

Social Security Strategy: Experts Warn Against Delaying Benefits Until Age 70

AUSTIN, Texas – A couple in their sixties sought financial advice as they prepared to retire and navigate the complexities of collecting Social Security benefits. Greg and Sherry, both 62, had a substantial portfolio totaling $1.7 million and hoped to maintain a $6,000-a-month lifestyle throughout retirement. One of their considerations was whether to put off collecting Social Security until they reached the age of 70 to maximize their benefits and bolster their budget. A certified …