Social Security

Social Security Strategies in Mansfield, OH

After years of viewing Social Security as a safety net for the elderly, many individuals nearing retirement are now beginning to realize that it will become an important source of retirement income. Unlike other income sources, Social Security offers a unique combination of benefits.

  • Do you know when you should apply for benefits?
  • How much should you expect to receive?
  • How can you optimize your benefits to suit your specific needs?
  • Is this decision meaningful?

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Our Location

Cleveland Financial Group

108 North Main St., Rear Building
Mansfield, OH 44902
ph: 419.522.4333
fax: 419.522.3303
chuck.hahn@lfg.com

Latest News

Financial and Economic Brief - June 19, 2018

• U.S. GDP Models, Higher - The U.S. economy is likely growing faster than expected, and raised its second-quarter growth forecast to 4 percent from 3.9% on Friday, citing strong manufacturing economic data.

• DJIA Falls amid Growing Trade Tensions - The Dow Jones Industrial Average fell more than 200 points on Monday morning as well as the other major indexes, as China’s “retaliatory action” against U.S. tariffs renewed fears of a trade war.

• Eurozone vs. Greek Government - Eurozone finance ministers are ready to face a conflict this week with the Greek government over the terms of a “golden goodbye” as Greece prepares to leave its third bailout program.

Financial and Economic Brief - June 12, 2018

• New Rate Hikes Soon - The Federal Reserve is due to announce another rate hike this week amidst a “spat” between the U.S. and its Western allies over trade tariffs.

• Rolls-Royce Cutting Jobs - Britain’s Rolls-Royce said a compressor problem found on a “small number of high life Package B engines” are requiring an inspection of the B fleet and sending its shares down 1%.

• Global Economy Risks - Economists warn that trade fights, geopolitical tensions, rising oil prices and emerging market crises could be detrimental to economic growth.

Financial and Economic Brief - June 5, 2018

• Strong Employment Signals Rate Hikes - May’s strong employment report of 223,000 new jobs in May including a gain in wages of 0.3%, indicates the Fed is on track to raise interest rates in June and could even add a fourth rate hike to its forecast this year.

• U.S. Stocks Rise - U.S. stocks rose on Monday led by gains in technology shares and Friday’s jobs data, which gave investors confidence that the U.S. economy remained strong.

• More Store Closings for Sears - Sears Holdings is closing 63 stores because the company hasn’t earned a profit since 2010.

Financial and Economic Brief - May 29, 2018

• Consumer Confidence Strong - The Conference Board’s measure of consumer confidence matched analysts expectations in May.

• S&P 500 Down over Italy’s Crisis - The S&P 500 and DJIA hit near three-week lows today as investors switched cash into “perceived safe havens” of global financial markets due to a deepening political crisis in Italy.

• US Dollar Index is Rising - The US Dollar Index, which measures the value of the dollar against major global currencies, has been rising.

Financial and Economic Brief - May 22, 2018

• Progress on Trade Negotiations - Treasury Secretary Steven Mnuchin recently commented to CNBC on the state of the U.S.-China trade negotiations, saying “I think we’ve made very meaningful progress.

• GE Train Division Merger - General Electric will merge its train engine division with railroad manufacturing firm Wabtec in an $11 billion deal.

• BOJ Drops Inflation Target Timeframe - The Bank of Japan (BOJ) won approval for its decision to desert the timeframe it had set for meeting its inflation target of 2%.

Financial and Economic Brief - May 15, 2018

• Consumer Sentiment Steady - Consumer attitudes about the economy hit 98.8 in a May reading, higher than the 98.5 expected by a survey of Reuters economists.

• Trade Tensions Ease - Wall Street indexes rose, helped by advances in technology stocks after President Trump “softened” his stance on Chinese technology company ZTE Corp.

• Sony Buying Stake in Peanuts Holdings - Japanese electronics maker Sony Corp.’s music unit announced that it is buying a stake in Peanuts Holdings, the company behind Snoopy and Charlie Brown.