SIMPLY RETIREMENT Insights

There are a lot of rules to remember about who signs up for Medicare and when. Use our easy-to-use guide to help you better understand the Medicare enrollment process.

This quick reference guide provides key Social Security numbers to help you in planning. The percentages shown here are applied to the primary insurance amount (PIA) of the worker on whose earnings record benefits are being claimed. The PIA can be found on the worker’s Social Security statement. It is an estimate of the benefit amount if claimed at full retirement age (FRA). You can obtain your latest statement by opening an account at ssa.gov/myaccount.

Retirement should be a time of relaxation and living a worry-free lifestyle. But that is not the reality for many older Americans whose retirement years turn into financial nightmares.

Whether you’re starting a career or approaching the end, here are the reasons why you should strategize retiring earlier than you might plan.

You've worked hard your whole life anticipating the day you could finally retire. Congratulations — that day has arrived! But with it comes the realization that you'll need to carefully manage your assets to give them lasting potential.

For those between the ages of 62 and 70, you have the opportunity to begin claiming your Social Security benefits, whether you were planning to or not. However, when you choose to start receiving your social security benefits is a decision that shouldn’t be taken lightly. It is also a decision that in most cases does not allow for a “do-over”. However, these little-known strategies may not allow a complete do-over, but may provide flexibility should your situation change once you have already started or have made the decision to start receiving your Social Security benefits.