Scattered $100 bills
If you want to make a hundred bucks or even thousands for just an hour of your time, then this post is for you. All you have to do is pick the right place to stash your cash and perhaps change your thinking on certain certificates of deposits (CDs). Read on, and you’ll see that CDs which appear too good to be true really do exist.
Congress recently carved a hole in a 40-year-old pension law that has prevented employers from cutting benefits earned by those already retired. This change applies to people covered under multiemployer plans that are in critical financial shape.
Social Security Card and Coins
Social Security is gender neutral, meaning men and women earning the same amount in their careers should receive the same size benefit.
Close up of social security application
Note: Join AARP expert Jean Setzfand today, Friday, October 24, from 2 to 3 p.m. ET for a live Facebook Chat with Yahoo! Finance about Social Security claiming and ask Jean or another expert your own question here: https://www.facebook.com/yahoofinance. See Setzfand’s advice in a story from Yahoo! Finance just posted today as well: http://finance.yahoo.com/news/3-ways-to-boost-your-social-security-benefit-163853751.html.
Nest Egg
Over the past five years, U.S. stocks have tripled in value. For example, the Wilshire 5000 total return index increased from 27.50 to 82.62. Yet paranoia about the market has caused many investors to miss out. The chart below shows the return an investor would have received just by owning a total U.S. stock index fund and reinvesting the dividends. A total U.S. stock index fund essentially owns every publicly held company based in the U.S. Though the chart tracks a Vanguard index fund, other fund firms such as iShares, Fidelity and Schwab have similar offerings.
Like boomers (and all workers, for that matter) don't have enough to worry about when it comes to saving enough for retirement. Now actions by AOL's Tim Armstrong may be setting a dangerous example for other companies to follow.
The road to retirement may seem uncomfortably short, particularly if you're in your 50s and haven't saved much.
65 and Over Population growth chart
To help celebrate Social Security's 78 th anniversary, here is a comparison of how the country - and Social Security - have changed since 1940, when Ida May Fuller received Social Security's first monthly benefit.
Timing is everything. Good things come to those who wait. Patience is a virtue. Why is a cliché-fest so appropriate when it comes to deciding when to claim your Social Security benefit? The numbers tell the story.
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