Tag: retirement

Doors illustration

Day care, sneakers, cell phones, maybe college – kids are expensive. When they grow up, empty-nesters face a decision about what to do with their extra money. What they choose is crucial to their retirement security for two reasons – one obvious, and one subtle but very important. The Center for Retirement Research estimates that…

Elderly woman with cat

Poverty is the scourge of women in old age. This problem was aggravated, according to a new study, when older workers started claiming their Social Security benefits sooner after the earnings test was lifted in 2000 for those who reach the program’s full retirement age. The earnings test withholds benefits from older workers earning mor…