by Mosaic WSG, Ltd. | Aug 17, 2021 | Financial, Investments, Retirement, Social Security, Taxes
Each type of retirement benefit has a different eligibility age. Your age plays a significant role in how much you can expect to receive from Social Security and what you need to do to avoid retirement account penalties. Key Milestones for Retirement: 49 — Max out...
by Mosaic WSG, Ltd. | Apr 19, 2021 | Financial, Social Security
The Social Security Administration (SSA) recently announced that the annual cost-of-living adjustment (COLA) for benefits would be 1.3%. Here’s a closer look at some of the most significant changes affecting Social Security recipients in 2021. Social Security...
by Mosaic WSG, Ltd. | Feb 17, 2021 | Financial, Mosaic Minute, Retirement, Social Security
Retirement can’t come soon enough for some of us, but it’s important to know precisely when you should retire. When planning for retirement, understand that the amount of your retirement benefits depends on your age at retirement. Too Early! If you begin receiving...
by Mosaic WSG, Ltd. | Jan 24, 2021 | Financial, Health, Insurance, Retirement, Social Security
The Bureau of Labor Statistics records show that the average American age 55 or older spends $49,279 every year. Know how your pre- and post-retirement budgets compare and plan now so you stay on track throughout your retirement years. Take Inventory of Your Assets...
by Mosaic WSG, Ltd. | Dec 28, 2020 | Social Security
The Social Security Administration (SSA) recently announced that the 2021 annual cost-of-living adjustment (COLA) for benefits will be 1.3%. That’s a small but essential increase for millions of beneficiaries who will see a rise in their monthly payments...
by Mosaic WSG, Ltd. | Oct 15, 2020 | Social Security
Social Security (SS) faces a financial challenge from the impending retirement of the largest generation in American history, the 76 million people born in the “baby boom” years (1946 through 1964). These boomers began to hit retirement age (62) in 2008. With so many...
