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Lawrence Journal World in Lawrence, Kansas

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Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

May 31, 2015

Page

15

Seniors at risk as retirement fuels substance abuse

A CARON Treatment Centers adviser notes retirement isolation and low mood can drive misuse of prescription meds and alcohol among seniors. Experts warn elderly patients are three to five times more exposed to drugs, with up to half in assisted living facing substance issues. Mental health, purpose, and transition stresses compound risk, experts say.

Center For Applied Research Solutions Santa Rosa Calif Jamie Huysman Caron Treatment Centers Janet Taylor New York AARP Taylor Huysman Lynnette Khalfani- Cox AskTheMoneyCoach.com Bob Stammers Investor Education CFA Institute

When to claim Social Security impacts retirement checks

The timing of collecting Social Security greatly affects lifetime benefits. Delaying past full retirement age raises monthly payments by about 8 percent per year, while claiming at 62 reduces them to about 75 percent. A reader turning 62 now earning $60,000 could see roughly 1,200 monthly at 62, 1,600 at 66, and about 2,300 at 70, illustrating the trade offs.

America Social Security Board of Trustees Social Security Administration SSA

Delaying Social Security Offers Bigger Checks After 79

The piece compares benefits by retirement age, noting a break-even around 79. It explains that delaying can yield higher monthly payments, with a theoretical example showing about 37 percent more by age 90, and advises weighing health, savings, and planning with advisers.

Also Mentioned on This Page

Rodney Brooks Portiguy USA Today Paidatage George Petras Jeff Reeves InvestorPlace.com
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