Category Retirement

You Can Retire Sooner Than You Think

You Can Retire Sooner Than You Think
By Wes Moss
Retail Price $18.00
Amazon Price: $13.17

Book Description: 

From Wes Moss–named by Barron’s as one of America’s top financial advisors

If you think you need to win the lottery or work until you’re 75 to retire with financial stability, Money Matters host Wes Moss has very good news for you. You Can Retire Sooner Than You Think reveals the secrets for ensuring a successful retirement—sooner rather than later.

After conducting an intensive study of happy retirees to learn the financial practices they hold in common, Moss discovered that it doesn’t take financial genius, millions of dollars, or sophisticated investment skills to ensure a safe, solid retirement. All it takes is five best practices:

  1. Determine what you want and need your retirement money for
  2. Figure out how much you need to save
  3. Create a plan to pay off your mortgage in as little as five years
  4. Develop an income stream from multiple sources
  5. Become an income investor


Getting on the fast track to a great retirement is a lot simpler than the retirement professionals would have you believe. You Can Retire Sooner Than You Think provides the proven-effective, five-step formula for creating the retirement of your dreams.


Planning for retirement especially at an early age is no JOKE!  This is a serious decision and one which involves careful planning!  That is why you NEED this book. In this book you will discover how important it is for you to start planning for your retirement the moment you commence working especially if you plan to retire early. You will discover that comfortable retirement is all about having adequate funds at retirement to enjoy all the benefits you would enjoyed if you were still working.  As you allow yourself to be drawn into the book, you will discover you are getting expert advice at your finger tips . This book provides the Dos and Don’ts for both persons who have recently cross over or those who may be considering taking that very important step!

This is a BOOK that you must have!”

~Reviewed by Erika H.

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    Delaying Social Security Could Increase Lifetime Income

    For those who are nearing retirement age can increase their lifetime income if they can wait a bit to start drawing Social Security benefits.  It is between the ages of 55 to 64 when folks start thinking seriously about retirement.

    Workers can start taking Social Security at age 62. But for those who can wait, the benefits go up.

    “If you need Social Security early, take it – you’ve earned it,” said Virginia Reno with the National Academy of Social Insurance, a nonprofit organization based in Washington, D.C. “But waiting even a year or two can make a big difference in the long run. The extra benefits are there for life.”

    Payments increase by 5 to 7 percent for each year of delay between ages 62 and 66, and by 8 percent for each year of delay between ages 66 and 70. The increases stop at age 70.

    For someone who can wait until age 70 to take Social Security, the reward is a lifetime monthly benefit that is 76 percent higher than if taken at age 62.

    For example, a worker who qualifies for a Social Security benefit of $750 at age 62 would receive $1,000 by waiting until full retirement age (66 for people born in 1943 to 1954). By waiting until age 70, the retiree would receive $1,320 a month.

    The higher benefit would also be the basis for future inflation adjustments.

    Around New York, only about one in three residents who are currently receiving Social Security retirement benefits waited until full retirement age to start their payments, according to the Social Security Administration.

    Getting the most out of Social Security benefits becomes more important the longer retirees live, said Leticia Miranda, a policy adviser with the National Council of La Raza, a nonprofit that focuses on Hispanic issues, including retirement.

    “You may be here longer than you think,” Miranda said.

    About half of seniors aged 65 to 69 get most of their income from Social Security. Many have other assets or work part time. But for three out of four seniors in their 80s, Social Security is the main source of income.

    Nationally, a woman who is 65 years old today can expect to live until she is 86. For men, it’s 84 years.

    Another consideration is how the timing of benefits will affect a spouse’s income, Reno said.

    “If you are the higher earner in a couple, delaying benefits not only means a higher benefit for you for the rest of your life,” she said. “It also means a higher benefit for your spouse if she or he outlives you in old age.”

    In more than half of couples who are 65 today, one spouse will live beyond 90, she said.

    But residents of nonmetropolitan areas  may have a harder time delaying their retirement.

    “In rural areas there is often a challenge as folks move toward retirement,” said Deanna Sharpe, a personal finance professor at the University of Missouri. “They are more likely to face unemployment. Jobs are not as available. And when they are, they tend to pay less.”

    Economic downturns can also affect when people decide to start receiving Social Security, Sharpe said.

    “One of the coping mechanisms during the recent recession was to pick up Social Security at age 62, even if they might not have planned to do that before the recession,” she said.

    Retirees need to make informed decisions, Sharpe said, but too often that doesn’t happen.

    “We find in surveys of financial literacy that quite a large portion of folks don’t understand the basics,” she said. “That’s a concern.”

    But retirees can easily find free or low-cost advice. Sharpe said many USDA Extension Service offices can provide information on retirement planning. She also recommended nonprofit organizations such as the National Endowment for Financial Counseling and Financial Education (

    The Social Security Administration website ( has a calculator that allows workers to estimate their retirement earnings based on their own work records and estimated retirement age.

    And the National Academy of Social Insurance has materials online about the impact of delaying Social Security benefits (

    With national discussions about Social Security frequently in the news, some workers may worry whether the system will be there when they need it. Sharpe said people should stay abreast of the issues. “That’s part of making an informed decision,” she said.

    But Reno said that should not influence a personal decision about when to draw benefits.

    “Social Security will be there if you wait,” she said. The system is fully financed for about the next two decades and is three-quarters financed thereafter, she said.

    “Despite what you may hear, lawmakers have some good options to fix the system for the long haul,” she said.


    Tim Marema is editor of the Daily Yonder (, a national website that covers news about small cities and rural America.

    Roberto Gallardo is an associate professor at the Mississippi State University Extension Service.

    Support for the research and production of this article was provided by the National Academy of Social Insurance. The content of this article is solely the responsibility of the Daily Yonder, which is published by the Center for Rural Strategies, a nonprofit, nonpartisan organization based in Whitesburg, Ky.

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