Is 62 too young to claim for women to claim Social Security?

That is the age at which both women and men are allowed to claim, and sure enough, 40.8 percent of the women who were newly awarded Social Security retirement benefits in 2014 were aged 62. Some 65 percent were below their full retirement age, typically 66. And just 2.8 percent of the women were 70 or older, the age at which they receive their maximum Social Security retirement benefits, according to Social Security Administration data.

A few weeks ago I wrote about the situation in Greece (Keep the Greece Situation in Perspective).  I am getting questions now about China and my thoughts on that market.  My opinion, again, is to keep it in perspective.

By Bill Bischoff
Published: July 28, 2015 on MarketWatch

Costs to attend some colleges are approaching astronomical levels.

A number of people have asked me what my take is on what is happening in Greece and China.  They have read articles and heard the media “experts” but don’t fully understand what is going on and how it will affect them and their clients and have asked me for a simplified version.  I’m not sure I can do that, but I’m going to try.  If you subscribe to my Audio Insights, you should have gotten a recording on this.

There are plenty of tips and tricks to maximizing your retirement benefits, and more than a few are considered “loopholes” that taxpayers have been able to use to circumvent the letter of the law in order to pay less to the government.

But as often happens when too many people make use of such shortcuts, the government may move to close three retirement loopholes that have become increasingly popular as financial advisers have learned how to exploit kinks in the law.

1. Back-door Roth IRA Conversions

Buying a home or starting a family are just a few of the major decisions that people might regard as milestones in their lives. However, a new survey found that a majority of American adults (51%) have delayed at least one important life decision in the last year due to financial reasons. This represents an increase of 20 percentage points from a similar survey conducted in 2007, when 31% of Americans reported delaying a major life event.

The Supreme Court ruled Friday that same-sex couples have the right to marry nationwide, freeing gay couples from complicated legal and financial planning.

“Their hope is not to be condemned to live in loneliness, excluded from one of civilization’s oldest institutions. They ask for equal dignity in the eyes of the law. The Constitution grants them that right,” the 5-4 Obergefell v. Hodges decision read.

Before launching into his formal keynote presentation at the 2015 Morningstar Investment Conference, GMO chief investment strategist Jeremy Grantham ticked off the top 10 issues on his mind today.

GMO chief investment strategist Jeremy Grantham speaking at the 2015 Morningstar Investment Conference.

"In my current role, I'm totally free to obsess about important issues that interest me," he said. And here they are, fleshed out a bit with some quotes from Grantham's commentaries:

I found this on nextavenue.org, a PBS website for "America’s 50+ generation," and find it interesting.  We consider ourselves “financial experts,” but can we really, truly understand retirement until we actually retire ourselves?

This paper from the Center for Retirement Research examines the importance of annuity-like income as a share of total money income received by aged families. The abstract, along with its findings and implications, are below.  A link to download the entire paper is after the summary.

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