Social Security can be very nuanced and claiming strategies should not be made without consideration of the rest of one’s financial plan. Social Security is foundational to most retirement income strategies and when you claim should be personalized to your circumstances.
“A smart person learns from his mistakes, but a truly wise person learns from the mistakes of others.” -Ken Schramm
If you retire before the age of 65, you will not be eligible to begin Medicare benefits and need to bridge the gap between the time when you retire and that date.
Satisficing in retirement allows you to make decisions based on your preset criteria and standards instead of trying to make the best choice.
Sustainability must be considered when using any strategy, the process of becoming healthier, or happier is what is important. What you measure to track progress is the means to an end.
Porcupine Rim is one of the most technical and dangerous rides in Moab, Utah and Gage thought it was a good idea for him to ride down it.
Creating an income in retirement is an ongoing process that requires regular monitoring and adjustments to adapt to a changing environment.
Many retirees rely heavily on Social Security as a source of retirement income and fear it will run out of money.
Most people have a goal of having a successful retirement. They don’t really plan out how they are going to achieve this, but rather piece together tactics as they go.
In investing, you have to make decisions based on incomplete facts, embrace uncertainty and estimate the probability of various outcomes.