Headlines
Opinion: SS Recipients Losing Buying Power
For those heavily dependent upon Social Security – and that’s nearly everyone over the age of 65 – the pandemic is wreaking havoc on their buying power, and next year’s COLA (cost of living adjustment) will do little or nothing…
Social Security in Today’s Retirement Planning
Social Security has always been an important element in retirement planning, part of what is often called the “three legged stool” – pension plan, savings and Social Security. But the defined benefit pension plan is rapidly disappearing from the corporate landscape,…
Next Year’s COLA Increase In Jeopardy
With the American economy ravaged by the COVID-19 pandemic, along with a severe drop in gas prices since the beginning of this year, seniors on Social Security may find that the annual Cost of Living Adjustment (COLA) which increases their Social…
A Day to Remember
As all Americans struggle with the harsh realities and personal sacrifices fraught by the COVID-19 pandemic, Memorial Day 2020 is a day set aside to remember the many Americans who have lost their lives in military service to our country. Throughout our national history,…
Are you thinking of a post-retirement career?
The majority of people assume once you retire, your working days are over, but that’s not necessarily true. A few million Americans over the age of 65 will have a post-retirement career. It may be for financial reasons or a…
Are you thinking of taking early retirement?
For those of us of a certain age, the coronavirus pandemic is prompting us to think about early retirement. We have grown accustomed to staying home and are worried about commuting and returning to crowded workspaces. And we were going…
Will the COVID-19 destroy or reshape the FIRE movement?
How has the COVID-19 pandemic affected the Financial Independence, Retire Early (FIRE) movement? Will it destroy it or just reshape it? Many of the members of the movement have no experience with a serious downtown so this could serve as…
Will seniors get shortchanged next year?
The enormous economic impact of COVID-19 is currently being felt across all of American society and it will continue into 2021 especially for seniors. How? As we look at the impact this pandemic has had on the steep decline in…
Social Security Insolvency Barreling Toward us – Now 2030?
For years the Social Security Board of Trustees has warned that 20-25% benefit cuts for all recipients were to start in either 2034 or 2035. The surpluses of program would be exhausted then and thus necessitate such deep cuts. Few politicians…
Early Social Security Disbursements: Most Basic FAQs answered
As a result of the COVID-19 outbreak, the American Booksellers Association has heard from members all around the country who are struggling financially, including those who are near retirement age (between the ages of 62 and 70). If you are in this…