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Tag Archives: social security

Prepare Today for Your Future Income Reduction After Retirement

senior-citizens-living-in-poverty-21

The average retiree received $1,360.00 per month in 2017 from Social Security. That is $16,320.00 per year. This amount doesn’t seem like enough to survive anywhere in the United States. Company pensions have become less popular in the past ten years. That means financial security for Americans in their later …

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Common Money Misconceptions by Senior Citizens

Senior African American couple paying bills

There are two very important misconceptions to point out about finances, taxes, and our later years: 1. Potential taxes on Social Security and 2. Life insurance policies. One misconception by seniors about Social Security is many believe that Social Security isn’t taxable. This unfortunately can be a costly misconception. If …

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