If you’re like most Americans, Social Security is a key part of your retirement plans — around 96% of the workforce is currently covered by some sort of Social Security plan. But the current economic downturn has many people seeing an increasingly uncertain (if not downright bleak) future for their Social Security benefits.
This article describes how the Social Security benefit process works and explains how your Social Security benefits might be impacted by funding shortages.
A new movement is gaining steam in America: overseas retirement. Kiplinger, a personal finance and business forecast site, recently put out a list of eight great places to retire abroad. The attractions of these places are impressive. Bracketing off the one entry from Spain, the most expensive of the seven places was $2,700 per month per couple for comfortable, high-class living, and many were much less than that. That’s not to mention the other benefits: temperate weather, culture, history, beaches in some places and mountains in others, and even special state-backed perks for U.S. retirees.