Headlines
Women can close the gender earnings gap
Women of all age groups have substantially less income for retirement than men according to a study by The National Institute on Retirement Security (NIRS). Women tend to have less cumulative time in the workforce, often earning lower pay, resulting…
Is the hold harmless provision all that harmless? A new study states otherwise
More than three out of five retired workers depend on Social Security to provide at least half of their monthly income and another 34 percent rely on Social Security for almost all of their income. In Sean Williams’ article appearing…
This one decision could reduce your monthly Social Security benefits by 30 percent
Social Security was not designed to totally replace your pre-retirement income; however, around a third of Americans expect that Social Security will be a major source of their retirement income. Many people end up making their Social Security benefits even…
Social Security can’t run out of money, but needs financial help
In a recent Gallup survey of American workers, 51% of them felt that Social Security wouldn’t be there for them when it was time to retire. That’s a pretty dismal outlook from those whose payroll contributions are the lifeblood which…
Deciding when to claim Social Security shouldn’t be taken lightly
Sixty-two is the magical age that you first become eligible to claim your Social Security benefits, but in reality it’s just the starting point in an 8 year window of when you can apply. For those whose Social Security full…
When should you take Social Security? It all comes down to life expectancy
Probably the most frequently asked question from those approaching retirement is “When should I claim my Social Security benefits?”. Considering the myriad of possibilities, the answer lies in another question - “How long will you live?” Of course, no one…
Planning your retirement? Here’s a guide
Planning for your future retirement can seem like a daunting task. But if you simply take some time to do a little studying and follow the advice of an expert, a lot of the stress associated with forecasting your post-career…
A basic Social Security quiz that half of adults can’t pass
From a recent MassMutual survey, it’s a rather staggering revelation that about half of American adults can’t pass even a very basic quiz about Social Security, even though those benefits will play a crucial role in their future retirement finances.…
So, How Long is a Career, Anyway?
Staying in the workforce beyond the traditional “retirement age” is nothing new, but what about staying on the job a decade or more after passing those age 65-69 mile markers? Northwestern Mutual’s 2018 Planning & Progress Study reports that 38%…
Pivotal Year in Social Security Approaching Rapidly
Roughly three and a half years from now–2022–will mark a major shift in cash flow in our Social Security System. That’s when the program’s Trustees project that the tides will shift such that the program will begin paying out more…