Month: September 2018



10 ‘poor man’s habits’ that anyone looking to save a buck could probably use

Pope Francis on Tuesday urged a group of young adults in Estonia not to be “slaves to consumerism.” Live within your means, forget the latest iPhone, brew your own cup of joe and leave that Louis Vuitton handbag for some other sucker.

But it’s not just the pope preaching the art of frugality this week. On Reddit, nearly a million subscribers gather to discuss this very topic. The group’s tagline: “Frugality is the mental approach we each take when considering our resource allocations. It includes time, money, convenience, and many other factors.” 09.26.18

Why people who claim social security at age 62 often live to regret it

Your retirement standard of living could very well be worse if you claim your Social Security benefits at age 62.

That’s surprising because the Social Security Administration goes to great lengths to ensure that, regardless of when retirees claim their Social Security benefits, they will be no better or worse off. Those claiming at age 62 — “early claimers,” as they’re called — will receive more years of benefits than those who wait, but at a reduced rate. Assuming their life expectancy is equal to what the actuarial tables predict, the total benefits they receive in retirement will essentially be the same as if they had waited and received fewer years of higher monthly benefits. 09.07.18