You might think that having a long-standing government job would mean secure retirement benefits, but not so much for dozens of recently retired United States Postal Service (USPS) workers. Billy Wright, 60, worked for 29 years as a postal worker in Waxahachie, Texas, and retired last November. Like many of his peers, he has been…
Drozd Irina / Shutterstock.com Social Security benefits have lost about 20% of their purchasing power since 2010. COLAs are calculated using a price index for urban wage earners and white-collar workers rather than the spending patterns of retirees. Seniors spend more on health care and housing, where inflation exceeds the overall rate used for COLA…
On paper, it seems pretty obvious that the best way to optimize your retirement is to delay claiming Social Security for as long as possible. According to the Social Security Administration, receiving your benefits as early as possible (age 62 for those born after 1960) could result in lower monthly payments. At age 67, you…
