Headlines
Tax Advantages of Deferring Social Security Benefits
Conventional wisdom–indeed, the prevailing reason most people are advised to wait to age 70 if they can to file for Social Security benefits–is that the monthly payout is greatest at that point, having grown by 32% due to Delayed Retirement…
What’s So Critical About the Year 2030?
Most media folks writing about Social Security’s solvency problem point to 2035 as the crisis year–the year when the program’s trust funds run dry and benefit levels fall by potentially as mush as 25%. But there’s another key milestone in…
Veterans and Student Loan Forgiveness: DOE Steps of Forgiveness Efforts
(Source: www.ed.gov) WASHINGTON, D.C. – The U.S. Department of Education (Department) has partnered with the U.S. Department of Veterans Affairs (VA) to make it easier for America’s disabled veterans to have their federal student loans discharged. “Our nation’s veterans have sacrificed…
Sen. Finance Committee Members Introduce Elder Poverty Relief Act
(Source: Senate Finance Committee) Bill to Boost Social Security for Oldest, Most Vulnerable Would Increase Benefits for 14 Million Americans, Reduce Senior Poverty Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., along with Finance Committee members Sens. Sherrod Brown,…
Are you worried about Social Security? You are not alone.
Over half of pre-retiree Americans (51 percent) expressed concerns over Social Security’s long-term viability, according to a recent Gallup poll. These fears are by no means unfounded; Social Security is facing a shortfall that, if left unaddressed could result in…
Women need to employ unique savings strategies for retirement
The one thing experts do agree on is the fact that women need to employ unique savings strategies for retirement but it is not an insurmountable task for those savers willing to take the right steps. Women are historically more…
The Road to Retirement Security
In a publication by Vanguard Investment Strategy Group, “The Road to Retirement Security” is described as a framework for establishing a plan for retirement. This “simple, easy-to-understand framework” is presented as a tool to help new and established retirees address…
A few basic guidelines to follow if you want to retire comfortably
Depending on where you live, retirees could blow through $1 million in as little as 12 years according to a new report from GOBankingRates, a personal finance site. Since the average person retires at age 63 and has a life…
Your Social Security annual checkup
Did you schedule your “annual checkup” with your doctor’s office? How about with Social Security? It’s easy and you don’t need to leave your home to do it. Your Social Security Statement provides information about work credits, estimates for retirement, disability,…
Protect yourself from this one major expense in retirement
Medicare won’t pay for it, and neither will Medigap. What is it? Long-term care. Seventy percent of seniors who reach age 65 will need some type of long-term care in their lifetime. It is estimated that 69 percent of people…