Headlines
Will reelecting Trump mean prioritizing Social Security reform?
After many years of Congress kicking the Social Security can down the road, could Donald Trump’s reelection mean that Social Security reform could actually become a priority after the next election cycle? Well, according to at least one pundit, that’s…
Three effective strategies to make the progress of saving for retirement less painful
More than one in five (21 percent) of working Americans don’t save any of their annual income and only 20 percent save five percent or less of what they make according to a new survey from Bankrate.com. Experts recommended earmarking…
Key questions you must answer if you are thinking of retiring this year
The more prepared you are going into retirement, the more rewarding it’s likely to be. There are many factors that go into retirement, from Social Security to savings to healthcare to logistics, therefore, there are many things to think through…
Retirement planning is different for women
Women are the primary breadwinners in 40 percent of U.S. households, and control $14 trillion of the nation’s personal wealth – a number that is on the rise. However, women historically have let men plan for retirement, but that is…
Spousal benefits are a valuable source of retirement income for millions
Social Security pays a combined total of $1.8 billion in spousal benefits every month. More than 2.4 million Americans collect these valuable benefits, but many people won’t qualify for them and the amount paid in benefits will vary significantly among…
The barrier to early retirement
Many Americans dream of retiring early but not everyone gets to realize that dream. According to a new TD Ameritrade survey, Americans identify healthcare expenses as their primary barrier to early retirement. Among the survey of U.S. adults age 45…
Social Security’s Minimum Benefit Explained
The average Social Security benefit is about $1,400 per month, enough to keep a single person above the federal poverty level, though not all Americans who collect make this amount. Social Security’s special minimum benefit was created to offer a higher benefit amount…
Big Government, Robin Hood, and Social Security
Green New Deal. Free child care. Higher Social Security payments. Carrie Lukas, president of Independent Women’s Forum, writes here about a liberal zeal to expand government spending. Social Security’s long-term fiscal health is not good. The program will only be…
Social Security: What Does Insolvency Actually Mean?
The dictionary definition of insolvency is, “the inability to pay one’s debts” So, when The Social Security Trustees report that Social Security will be insolvent in 2034, what does that mean? To begin, Social Security is not going bankrupt. Political…
Income taxes on Social Security unpopular, but raise a lot
Few things about Social Security get seniors more upset than paying income tax on part of their benefits. Benefits became taxable first with a change in the law in 1983 followed by a second change in 1993. Under the taxation…