I’m 56 and plan to retire at 62. I will have both public pensions and social security – but I also have a child starting college that I want to pay for. Do I need professional help?

Getty Images/iStockphoto Question: I’m 56 and work for a state university, so I will have a state retirement plan. Previously, I worked full time and contributed to social security for 20 years. I still work part-time and contribute to social security. I plan to retire in six years when I turn 62, and recently started … Read more

This Brilliant Idea Can Make Everyone Better With Money, Older Americans Say

Polls consistently show that older Americans regret a lot of things — working too much, choosing the wrong partner, not taking care of their health, and so on. There are also often financial regrets, such as not having saved enough and investing too little for retirement. This last regret has many reasons: everything from the … Read more

4 key year-end metrics to “control your tax filing destiny”

seksan mongkhonkhamsao | time | Getty Images 1. Boost your 401(k) contributions If you haven’t maxed out your 401(k) at work, there may still be time to increase your contributions for 2022, Guarino said. The move may reduce your adjusted gross income while boosting your retirement savings, but “time is running out,” he said. With … Read more

how calculators can measure changes

Hobo_018 | E+ | Getty Images How to measure the effects of a reduction in benefits Covisum, a provider of Social Security claim software, recently updated its calculator to reflect the latest projections from Social Security administrators. The offerings include a free version for consumers and a more complex paid version for financial advisors. Another … Read more