Headlines
You might be shocked by how much healthcare could cost you as a retiree
In a recent survey conducted by Nationwide, it found pre-retirees significantly underestimated the percentage of their Social Security benefits likely to go toward their healthcare as they age. The respondents to the survey expected about 15 percent of their Social…
Social Security Benefits and Health Care Expense Trends: A 2019 Respite?
Bernice Napach, senior writer at ThinkAdvisor, provides an analysis of current statistics on Social Security benefits and the portion that is consumed by health care costs. Following a jump in 2018, a year in which the Senior Citizen League reports…
The Growing Impact of Benefit Taxation
It’s an annoying part of the Social Security landscape, but also a likely permanent one. We’re talking about the taxation of Social Security payments to beneficiaries with income exceeding limits that haven’t been changed since 1993. This means, of course…
New Report: Social Security Trust Fund Depletion Could Be Even Earlier
The Social Security Trustees Report predicts promised benefits can be paid until 2034. At that time automatic, across the board cuts for all of 21% would have to be applied, unless Congress acts sooner to shore up the program’s finances. …
Debunking three persistent myths about Social Security
Some things are so well known but false, yet still live on as urban legend. Maurie Backman of The Motley Fools hits head on these three myths: you must file for Social Security and Medicare at the same time; you…
Not Your Grandfather’s Social Security: What awaits Gen X & Millenials
Sean Williams of The Motley Fool writes a most informative article about how the future will be different for Social Security recipients. The Trustees Report notes that excess income will be exhausted by 2034, and the program will only be…
The Weather’s Relationship to Social Security and COLAs
About the last thing you would think to have anything to do with what the cost of living adjustment might be for Social Security recipients come the fall would be the weather. But as Sean Williams of The Motley Fool…
Retiring? These Five Financial Principles Can Guide You
The Motley Fool’s Christy Bieber suggests these five rules to live by when retiring: maximize Social Security benefits, continue to invest but more conservatively, have a plan for withdrawing savings, keep in mind the required minimum distribution rule at age…
COLA: A Look at the Impact of Using CPI-E
As we near the time of the year when Social Security publishes its cost-of-living adjustment (COLA) for next year, we hear more and more about how this adjustment is calculated and what it means for seniors’ ability to keep pace…
Paid Family Leave Financed by Social Security Deferrals Now on the Table
Led by Florida Senator Marco Rubio’s proposed “Economic Security for New Parents Act,” the issue of paid family leave has entered the debate stage in Washington. Rubio’s proposal, calling for for at least two months of paid leave in exchange for an…