Tag

Benefits

All articles tagged with #benefits

Data Contradicts Dave Ramsey on Optimal Social Security Claiming Age

Originally Published 2 days ago — by Yahoo Finance

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Source: Yahoo Finance

Research shows that following Dave Ramsey's advice to claim Social Security at 62 is financially disadvantageous, as it results in significantly lower benefits compared to delaying until 70, which increases benefits by 24%. Early claiming incurs penalties that reduce monthly benefits by 30%, making it a costly mistake for most retirees.

Capital One Venture X vs. Citi Strata Elite: Which Premium Card Reigns Supreme?

Originally Published 18 days ago — by CNBC

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Source: CNBC

The article compares the Capital One Venture X and Citi Strata Elite premium travel credit cards, highlighting that Venture X offers a lower annual fee and simpler rewards structure, making it more suitable for most travelers, while Citi Strata Elite provides higher earning potential and more statement credits but at a higher cost and complexity. The choice depends on individual travel habits and how much value one can extract from the benefits.

Federal Retirement Backlog Grows Despite Digital Efforts

Originally Published 24 days ago — by Government Executive

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Source: Government Executive

The article provides essential guidance for federal employees approaching retirement, covering key decisions such as final separation, withdrawal of retirement applications, returning to federal employment, managing leave, choosing survivor benefits, handling military service credit, and maintaining health and life insurance, to ensure a smooth transition and optimal benefits.

Social Security Benefits: Upcoming Increases and Key Facts for Retirees

Originally Published 27 days ago — by Disability Scoop

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Source: Disability Scoop

The Social Security Administration announced that SSI and Social Security benefits will increase starting late December 2025 due to an annual cost-of-living adjustment tied to inflation, with maximum federal SSI benefits rising to $994 for individuals and $1,491 for couples, though some advocates believe the increase is insufficient to match rising living costs.