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Want a guaranteed 8% return on your retirement investments?

“If you delay Social Security by a year and instead dip into savings to cover the missed benefits, you’re effectively buying an annuity with an 8% payout. That’s a deal that’s hard to beat, as Rick Connor explains. “How do you buy an annuity from the Social Security Administration (SSA)? For each year that you…

Calculators to help you decide when to claim Social Security retirement benefits

 “One of the most important retirement decisions you will make is when to apply for Social Security. Several retirement calculators have been developed to help you determine the optimal retirement age to start Social Security payments.” (Thanks to Emily Brandon writing for US News and World Report). Here are 10 Social Security calculators worth trying:…

Social Security and divorced spouses

My ex-husband is 60 years old. I am 62. Can I file for benefits now based on his work record? No. Most workers need to be at least 62 years old to file for Social Security retirement benefits. (Exceptions include survivors and people with disabilities.) That requirement applies to divorced spouses, too. Before you can…