Waiting Archives - DR News - News, Retirement, Finance

Retirement Benefits: Why Waiting Pays Off for Social Security Collectors

Living in Los Angeles, California, many Americans face the decision of when to start collecting their Social Security benefits. While eligibility begins at age 62, experts suggest waiting until full retirement age to maximize benefits. Research shows that the majority of new retirees claim benefits before age 65, even though delaying can result in receiving 100% of earned benefits at full retirement age, usually around 66 or 67, with an 8% benefit boost for each …

Retirement Strategy: Suze Orman Advises Waiting to Maximize Social Security Benefits

New York, NY – Suze Orman, a renowned finance expert, emphasizes the importance of making strategic decisions about when to begin receiving Social Security benefits as a key aspect of retirement planning. According to Orman, the choice of when to claim these benefits has significant implications for one’s financial well-being in the long term. Orman advises prospective retirees to consider delaying the receipt of Social Security benefits in order to maximize their monthly payments. By …

Social Security Strategy for Working Divorcee: Maximize Benefits by Waiting

Atlanta, Georgia – A recent question posed to retirement expert Rusty concerns a working divorcee who just turned 65 and is wondering if she can start collecting Social Security while working full time. The individual, who was divorced after a 38-year marriage, is also curious about potentially collecting her ex-husband’s higher benefit amount. The complexities of Social Security benefits for divorced individuals can be confusing, but Rusty provides clarity on navigating the system. One important …

Retirement Income: Boost Your Social Security Benefits by Waiting Until Age 70

Many retirees in San Francisco, California rely heavily on Social Security benefits for income in retirement. Deciding when to claim these benefits can significantly impact the amount of money received over a lifetime. While some may choose to claim benefits as early as age 62 to receive smaller monthly payments, others may opt to delay until age 70 for larger payments. It is essential to consider one’s unique financial situation and retirement goals when making …

Consequences of Waiting to Purchase Long-Term Care Insurance

NEW YORK – Planning for long-term care and how to afford it is a major concern for many Americans as they age. According to experts, delaying the purchase of long-term care insurance can have serious consequences, and it is advisable to consider coverage sooner rather than later. With the majority of older Americans expected to need some form of long-term care, it is crucial to plan for these expenses to avoid a detrimental impact on …

Deputies Accused of Viciously Beating Hospitalized Mom of 2 While Waiting for CT Scan

Los Angeles, California – A disturbing lawsuit alleges that deputies at a hospital in Los Angeles County brutally beat a mother of two while she was waiting for a CT scan. The incident is now the subject of a lawsuit that was filed on behalf of the victim. According to the lawsuit, the woman was receiving medical treatment at the hospital when the deputies’ “unprovoked and vicious” attack occurred. The lawsuit also claims that the …