Our education initiative, Delay & Gain, helps you with one of the most important decisions you’ll ever make: retirement.

“After wading through a stack of scholarly studies about older Americans and debt, my read is that the researchers are plenty worried.
They’ve found that owing money is pushing people in their 60s and beyond to delay retirement, postpone filing for... — After wading through a stack of scholarly studies about older Americans and debt, my read is that the researchers are plenty worried.
They’ve found that owing money is pushing people in their 60s and beyond to delay retirement, postpone filing for Social Security (so their eventual benefits will be higher) and add stress to their lives.
Ohio State University’s Donald Haurin, Cäzilla Loibl and Stephanie Moulton just released an especially fascinating paper on the relationship between debt and financial stress for older Americans. In it, they described what they found to be a hierarchy of debt, stress-wise.
Credit card debt, they noted, is the most stressful type, with the strongest impact on older adults’ working longer and delaying filing for Social Security. Stress resulting from a $1 increase in credit card debt, they said, is the equivalent of stress due to a $14 to $20 increase in mortgage debt.
via Forbes.
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**Our education initiative, Delay & Gain, helps you with one of the most important decisions you’ll ever make: retirement.**
Delayed claiming past the early retirement age of 62 results in bigger monthly benefit checks for life. Waiting until after the current full retirement age of 66 yields even greater gains — up to 44% more than early claiming.

Source: bit.ly

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Near retirees in Greater Baltimore are being beckoned by a billboard on wheels encouraging them to delay claiming Social Security. Baltimore is one of five U.S. cities where the National Committee has rolled out the “Delay and Gain”project, now in... — Near retirees in Greater Baltimore are being beckoned by a billboard on wheels encouraging them to delay claiming Social Security. Baltimore is one of five U.S. cities where the National Committee has rolled out the “Delay and Gain”project, now in full swing.
In addition to mobile billboards, the public education project is reaching out to older workers via radio ads, editorial content, and social media. The message is straightforward: workers who delay retirement can gain bigger Social Security benefits – extra income that they’ll need in old age.
**Read more from our newest blog post by clicking here.**

Source: bit.ly politics social security social insurance earned benefits elderly older americans retirement retirement crisis retirees retirement security retirement age p2 entitlements entitlement reform delay and gain seniors

Today, we are announcing the rollout of our new education initiative, Delay and Gain! We will be highlighting the benefits of delaying retirement in order to receive more Social Security benefits.You can learn more by clicking here. — Today, we are announcing the rollout of our new education initiative, Delay and Gain! We will be highlighting the benefits of delaying retirement in order to receive more Social Security benefits.
**You can learn more by clicking here.**

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President Roosevelt’s vision has most certainly endured. Today, Social Security provides some 61 million Americans and their families with basic financial security upon retirement or disability. For older Americans, Social Security can mean the... — President Roosevelt’s vision has most certainly endured. Today, Social Security provides some 61 million Americans and their families with basic financial security upon retirement or disability. For older Americans, Social Security can mean the difference between financial well-being and poverty. Two out of three seniors rely on Social Security for most of their income, and one-third of seniors depend on it for at least 90% of their income. Public polling consistently shows that Social Security enjoys overwhelming support from majorities of Americans across party lines.
Over the years, Social Security has been modified (with bipartisan support) to expand benefits and keep the system financially sound. This year, Social Security has come under new threat from budget hawks in the Trump administration and on Capitol Hill. But as generations of Roosevelts have
shown us, Social Security is worth fighting for. On this, Social Security’s 82^nd anniversary, we at the National Committee recommit ourselves to preserving this landmark program for current and future generations of Americans.
**Read more from our blog post here marking this anniversary by clicking here.**

Source: bit.ly politics social security retirement entitlements entitlement reform retirees retirement crisis retirement security p2 older americans elderly social insurance SocSec82 seniors

“It’s tempting for some to retire early and start taking social security benefits at age 62, but if you can wait, that is the smart move. The average Social Security benefit in Kentucky is roughly $16,000 per year. Even with Social Security, some 13%... — It’s tempting for some to retire early and start taking social security benefits at age 62, but if you can wait, that is the smart move. The average Social Security benefit in Kentucky is roughly $16,000 per year. Even with Social Security, some 13% of Kentucky seniors live in poverty.
A lot of people say they plan to retire early simply because they are “sick and tired of working.” If they retire too soon, they might be even more sick and tired of not having enough money in old age.
You can increase the size of your future Social Security checks by delaying retirement. If you wait until you’re 66 to start taking your benefit, you can receive up to 44% more. And your cost of living increases going forward will be based on the higher amount. Life expectancy is much longer now than it was in 1935 when social security was created. Seniors of today must survive on their fixed incomes even longer.
via WDRB.
**Related Reading:**
Fox 41 General Manager Bill Lamb echoes National Committee “Delay and Gain” project in on-air editorial: “It’s tempting for some to retire early and start taking social security benefits at age 62, but if you can wait, that is the smart move.”
**You can learn more about our education initiative, Delay & Gain, by clicking here.**

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“To recoup student-loan debt, the government is leaving people who rely on Social Security with benefits that fall below federal poverty guidelines, the Government Accountability Office said Tuesday.
The number of older Americans defaulting on... — To recoup student-loan debt, the government is leaving people who rely on Social Security with benefits that fall below federal poverty guidelines, the Government Accountability Office said Tuesday.
The number of older Americans defaulting on education loans has steadily increased in recent decades, as many have returned to college or co-signed loans for family members. Unpaid debt has resulted in the government garnishing the benefits of 114,000 people age 50 and older in the past year, more than half of whom were receiving Social Security disability rather than retirement income, the GAO report said.
via Washington Post.
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You can increase the size of your future Social Security checks by delaying retirement. If you wait until you’re 66 to start taking your benefit, you can receive up to 44% more. And your cost of living increases going forward will be based on the higher amount. Life expectancy is much longer now than it was in 1935 when social security was created. Seniors of today must survive on their fixed incomes even longer.

via It Pays to Wait on Social Security.

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We talk about this issue extensively in our new project. Learn more about our education initiative, Delay & Gain, by clicking here.

Source: bit.ly delay and gain social security earned benefits p2 elderly older americans retirement retirees retirement crisis retirement security retirement age entitlements entitlement reform seniors

Women face special financial challenges in retirement, due to persistent wage discrimination and time spent away from the workforce raising children or caring for elderly family members. Because Social Security retirement benefits are based on lifetime earnings history, women’s benefits are typically lower than men’s.

via Delaying retirement boosts Social Security checks.

Source: bit.ly delay and gain social security social insurance elderly older americans retirees retirement crisis entitlements entitlement reform retirement earned benefits seniors

When is the best age for Americans to claim Social Security?When to claim Social Security retirement benefits is one of the most crucial financial decisions facing older workers.
But not everyone makes informed choices.
The timing of the claim is... — When is the best age for Americans to claim Social Security?
When to claim Social Security retirement benefits is one of the most crucial financial decisions facing older workers.
But not everyone makes informed choices.
The timing of the claim is key. The earlier a worker files to receive Social Security, the lower the monthly payment for the rest of that worker’s life. The longer a worker waits, the larger the benefit.
**Read more from this article by clicking here.**

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bit.ly

Louisville workers can gain big by delaying retirement

Workers in Louisville face a major — and very real — retirement crisis. Wealth inequality and workplace changes have practically sawed off two of the legs of the traditional retirement stool: pensions and private savings.

More than half of today’s retirees rely on the third leg of the stool, Social Security, for most of their income. (The average Social Security benefit in Kentucky is roughly $16,000 per year, only about $3,500 above the federal poverty line for individuals.) Even with Social Security, some 13% of Kentucky seniors live in poverty. The good news is that workers can increase the size of their future Social Security checks by delaying retirement.

NCPSSM — After wading through a stack of scholarly studies...

See, that’s what the app is perfect for.

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Today, we are announcing the rollout of our new education initiative, Delay and Gain! We will be highlighting the benefits of delaying retirement in order to receive more Social Security benefits.

Fox 41 General Manager Bill Lamb echoes National Committee “Delay and Gain” project in on-air editorial: “It’s tempting for some to retire early and start taking social security benefits at age 62, but if you can wait, that is the smart move.”

Related Reading:

When is the best age for Americans to claim Social Security?

Louisville workers can gain big by delaying retirement