29 02, 2016

Taking benefits at 66 means more money for this couple

2016-02-29T21:59:21-08:00February 29th, 2016|Categories: Retirement|Tags: |

Q: My husband and I both will turn 66 in July. I have never worked outside the home, so I have no Social Security account. My husband, who always has been a high wage earner, wants to wait until he is 70 to take his Social Security benefits to get the maximum rate. Can I get spousal benefits on his record beginning in July while he waits until age 70 to apply for his own Social Security? A: No, you [...]

29 02, 2016

China to unveil retirement age plan in 2016

2016-02-29T21:49:09-08:00February 29th, 2016|Categories: Retirement|Tags: , |

China will release a plan on raising the retirement age this year to cope with pressures from a shrinking work force and an aging society, an official said on Monday. The official retirement age, which was adopted six decades ago when life expectancy was much lower, has not adapted to economic and social development, said Yin Weimin, minister of human resources and social security, at a press conference. […]

10 03, 2015

Ready to retire? Maybe not just yet

2015-03-10T00:03:54-07:00March 10th, 2015|Categories: Retirement|Tags: , , , |

If you have socked away money in a 401(k) and your 60th birthday is behind you, chances are you are thinking about when to retire. Chances are, too, that you are planning to retire sooner rather than later. The average retirement age seems to have stabilized at 62 for women and 64 for men, according to new research from Boston College’s Center for Retirement Research. But retiring too young can be very harmful to your financial health, the study found, and [...]

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