Understanding your Social Security statement is crucial for retirement planning. Certified financial planner Hans Scheil explains the importance of considering your full retirement age, spousal benefits, and tax implications when deciding when to start receiving Social Security checks. [... more]

Many people are confident about their retirement prospects, but a disconnect between worker optimism and actual preparedness exists. Inflation and potential changes to the American retirement system are top concerns. Workers can learn from today's retirees, who often retire earlier than planned due to health issues or changes at work. Building a realistic retirement plan and communicating with spouses about financial goals are essential steps towards a comfortable retirement. [... more]

Understanding your Social Security statement is crucial for making informed decisions about retirement. The statement reveals three basic benefits: retirement, disability, and survivor benefits. Knowing your full retirement age and the amount you can collect at that age is essential. Delaying Social Security benefits can result in a higher monthly check, which can be a significant advantage in retirement. By considering the long-term implications of taking Social Security early, individuals can make more informed decisions about their financial future. [... more]

Understanding your Social Security statement is crucial for retirement planning. It serves as a map, providing essential information about your benefits, including your full retirement age, projected benefits, and Medicare information. By analyzing this statement, you can make informed decisions about when to take your Social Security check, how to maximize your benefits, and how to plan for taxes on your social security income. [... more]

Certified financial planner Hans Scheil helps families plan for retirement, discussing Social Security benefits, spousal benefits, and financial planning strategies to ensure a comfortable retirement. He emphasizes the importance of understanding how Social Security works and how it can impact one's financial future, particularly for couples. [... more]