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Thinking About Retiring? Here are Some Suggestions to Consider
Looking ahead to those golden retirement years is arguably a favorite pastime of many workers in their fifties and early sixties. It’s important to understand, though, that just dreaming about the leisurely life and the absence of work pressures is…
Social Security: No Longer a Political “Untouchable”
With the public’s attention to Social Security’s financial woes ratcheted up again with the most recent Trustees Report noting that we’re one year closer to calamity in the form of a forced benefits cut, it seems logical that the campaign…
A Look at Some Bleak Perspectives Facing Retirees
Whether it’s the loss of a defined benefit pension plan, the absence of accumulated savings, the lingering student debt issue, or the constant rise in medical cost, America’s elderly population is facing a number of issues that will likely have an unfavorable impact…
How much retirees would gain by improving Social Security decisions
Although most experts talk about the value of maximizing Social Security benefits, it seems few retirees are listening; actually, only four percent of retirees wait until age 70 to claim their maximum Social Security benefits. In a new study, “The…
Single women and widows would be hurt the most if Social Security is cut
Nearly half (44 percent) of all unmarried and widowed women get 90 percent or more of their total income from Social Security, compared to just 21 percent of married women over age 65 according to the Social Security Administration. With…
Should Americans delay fixing Social Security as long as they can?
Although Social Security needs help, Congress has yet to decide which type of reform to take. The National Bureau of Economic Research states, two-thirds of respondents to the Hoover Institution YouGov Survey on Social Security, agreed the program is facing…
Retirement planning challenges
Saving for retirement is a difficult goal for most Americans to comfortably achieve. We all know finding more money to save is always a challenge, and even those who do a good job of accumulating assets and investing well during…
Are you relying on Social Security too heavily?
When you sit down to determine how you will pay the bills in your retirement, there is one income source the experts say you shouldn’t rely too heavily on: Social Security. Many people make the mistake of neglecting their savings…
Social Security, Deficits, and Debt Explained
Teresa Ghilarducci, writing in Forbes Magazine, participated in a debate this week and sought to address why so many people mistakenly believe Social Security adds to the deficit. She notes Congress can add to the deficit and debt through every program…
Why a Bigger Social Security Program Would Make Us Worse Off
Rachel Geszler’s thoughtful piece in The Daily Signal explains the problems with The Social Security 2100 Act, likely to pass the House soon. It would make Social Security solvent and head off 20% plus in benefit cuts for all due to occur…