Headlines
Why you should check your Social Security statement
The Social Security Administration will pay out more than one trillion dollars for benefits to 64 million Americans this year. Social Security provides essential economic support to roughly 44 percent of single retirees and 22 percent of married retirees who…
Three steps to protect your Social Security number
The reports of massive data breaches have become common and they seem to be growing. In the last couple of years, 143 million Americans had their personal data compromised through the Equifax breach and another 500 million people was compromised…
Dem’s Social Security 2100 bill: big on taxes; small on reform
The Social Security 2100 Act was introduced in Congress last month with great fanfare, and about 200 Democrats quickly lined up as co-sponsors for the bill, authored by the new Democratic Chairman of the House Committee on Social Security. But, according…
Using Medicare’s preventive healthcare services
Medicare is, of course, the premier plan for senior healthcare services and, like all Americans, seniors can stay fit by living a healthy lifestyle. But Medicare beneficiaries have an additional healthcare advantage because many preventive care services are 100% covered by Medicare…
Taking retroactive Social Security will have consequences
Once you pass your full retirement age, delaying your Social Security claim will allow you to earn Delayed Retirement Credits of 2/3rds of 1% per month of delay, meaning you’ll get a higher benefit for when you finally claim.. Social Security…
Want a bigger Social Security payment? Simply wait to claim
So who wouldn’t want to collect up to $5,600 per year more in Social Security benefits? Not many, for sure. Yet, by far the majority of people claim benefits much earlier than they truly need to, resulting in a benefit…
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…