What is normal retirement age for purposes of Social Security? The answer to this question depends on your date of birth. Normal retirement age, as defined by the Social Security Administration, operates on a sliding scale system. For example: If you were born in 1937 or before, then your normal retirement age is 65. For those born after 1960, normal retirement age is 67. If you were born in between 1937 and 1960, your normal retirement age is somewhere between age 65 and age 67. You can … [Read more...] about What is Normal Retirement Age?
When you think about living frugally during retirement, what comes to mind? If you imagine a life of deprivation and self-denial, it’s time to rethink your definition of frugality. Frugal living is just a matter of planning your spending and making the most of every dollar. Living frugally can actually mean living better – if you know what’s coming in and you have well-defined priorities for spending your money, you’ll be able to spend on the things that are most important to you. The first … [Read more...] about Frugal Retirement