Reasons to Claim Social Security as Soon as You Retire, Why Are You Still Working?, Gen X and Parents’ Finances

Your Retirement Readiness Rx: Plan Early and Get Help | What Gen X Needs to Know About Their Parents' Finances | 3 Reasons to Claim Social Security as Soon as You Retire Created for {EMAIL} | [Web Version]( August 9, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Saving for Retirement [] [Your Retirement Readiness Rx: Plan Early and Get Help]( [Your Retirement Readiness Rx: Plan Early and Get Help]( (Getty Images) Do you feel you're behind in achieving financial goals? You're not alone. CFP David Blanchett notes that people who start saving earlier and also seek professional advice online and/or in person [feel more confident about their retirement planning](. [] In Case You Missed It [] [What Gen X Needs to Know About Their Parents' Finances]( [What Gen X Needs to Know About Their Parents' Finances]( (Getty Images) CFP Sara Stanich highlights six steps that can ensure future caregivers know [where their parents stand financially](, as well as help them to avoid surprises that could endanger their own retirement. [The Easy Way to Maximize Deposit Insurance]( Raisin's secure, no-fee savings platform lets you spread your savings across 35+ insured banks and credit unions. You'll earn top rates and get $250,000 of insurance coverage per institution, per individual — plus, manage it all in a single account. Sign up in minutes. [Sign-Up]( ADVERTISEMENT [] Social Security [] [3 Reasons to Claim Social Security as Soon as You Retire]( [3 Reasons to Claim Social Security as Soon as You Retire]( (Getty Images) Financial planner Joseph Ivan Fishman Jr. considers a couple of scenarios where it might make more sense to [opt into your Social Security benefits sooner]( rather than later. Featured Content Sponsored Content from Kiplinger Advisor Collective [Join the Kiplinger Advisor Collective Today]( Are you a seasoned financial professional with a wealth of experience waiting to be shared? Do you dream of expanding your influence within the industry and connecting with like-minded peers? The Kiplinger Advisor Collective is the ultimate platform for personal financial experts like yourself. [Find out more](. [] Real Estate [] [Is Now a Good Time to Buy a House?]( The last several years and months have been confusing for potential home buyers, but CFP Julia Pham has four key questions you can ask yourself to help decide if you're ready to take the plunge. [Read More]( [Quiz: Can You Benefit From Working With An Advisor?]( Vanguard advisors are here to help investors like you make more informed and confident financial decisions. They'll work with you on your retirement income, balancing your expectations for growth with a disciplined approach to risk. [There's never been a more perfect time to get started](. Paid non-client promotion [GET STARTED]( ADVERTISEMENT [] Retirement Planning [] [Why Are You Still Working?]( Some people have to keep working, but CFP Andrew Rosen makes the point that there are plenty of folks who might want to do some soul searching to determine how work fits into their ideal day. (Hint: It likely doesn't.) [Read More]( [Are You Maximizing Your Portfolio?]( An advisor can help you determine if you are making the most out of your portfolio so you can make the most of your retirement. Take this short quiz to get matched with up to 3 vetted financial advisors serving your area. It's never too late to work towards financial freedom. Get started today. [LEARN MORE]( ADVERTISEMENT [] Also on Kiplinger [] - Business owners need [tax planning strategies]( more than ever - Six ways to [earn high returns]( while managing your investment risk - [Taxes in retirement](: How all 50 states tax retirees - For the latest ways to earn 5% to 7% cash yield safely and reliably, plus 4 Model Portfolios to show you exactly where to put your money, [bank on Kiplinger's Investing for Income](. ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. 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