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Asked by a 59 year old woman from OH on 7/18/2014
Henry Hebeler
Henry Hebeler,  says
If you were married for over ten years and then file for a spousal benefit, you'll get about 1/3 of his full-retirement-age (about 66) benefit. If not, you won't get anything. (Read More)
Asked by a 55 year old man from AR on 7/10/2014
Steve Chen
Steve Chen,  says
One of our advisors has a good discussion of this question here: https://www.newretirement.com/answers/bud-hebeler/in_search_of_yield.aspx There was also a good write up here: http://www.newretirement.com/blog/2014/07/18/3-steps-to-a-retirement-income-plan-nobel-prize-winner-helps-you-figure-out-the-best-options/ You may want to talk with a ... (Read More)
Asked by someone from IL on 7/15/2014
Steve Chen
Steve Chen,  says
Good question - it may depend on how the insurance contract is written. It may be worth asking a fee only financial advisor this question. You can reach out to one here: https://www.newretirement.com/free-retirement-consultation.aspx (Read More)
Asked by a 70 year old woman from OH on 7/15/2014
Steve Chen
Steve Chen,  says
You have pointed out an issue we are planning on clarifying in an upcoming release. When we refer to someone's out of money date - we mean the forecasted date that their liquid savings runs out if their expenses exceed their income and they are using their savings to fund their monthly shortfall. In your case you would continue to have income, ... (Read More)
Asked by a 70 year old woman from OH on 7/15/2014
Steve Chen
Steve Chen,  says
Our calculator factors in the jump in health care costs that an average person experiences around their expected mortality date. You can read more about our assumptions inside the calculator: https://www.newretirement.com/retirement-calculator/default.aspx (Read More)
Asked by a 63 year old man from OH on 7/16/2014
Steve Chen
Steve Chen,  says
Good question We had a recent write up on how to approach generating low risk retirement income - you can find it here: http://www.newretirement.com/blog/2014/07/18/3-steps-to-a-retirement-income-plan-nobel-prize-winner-helps-you-figure-out-the-best-options/ The best solution depends on the risk tolerance of the person and a number of other ... (Read More)

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