Headlines
Dilemma for retiring women: “The Triple Whammy”
It’s surely no secret that saving enough for retirement is a key to comfort in your golden years, and women have an even tougher time than men building the nest egg they’ll need. That’s largely thanks to a “triple whammy” caused by…
Today’s Workforce: A Generation-by-Generation Look at its Composition
Much has been written about Social Security funding and where it comes from, with over 90% of the program’s income coming from payroll taxes. And as the years go by, much more is written about where the program’s payments go,…
Rep. Johnson Opens Hearing on Need for Permanent SSA Commissioner
Yesterday, House Ways and Means Social Security Subcommittee Chairman Sam Johnson (R-TX) delivered the opening statement for a Committee meeting on the need for appointment of a Social Commissioner “empowered to make strategic decisions regarding the long-term operation of the…
Your Social Security Benefits: The Importance of Understanding the System
Getting the most out of your earned Social Security benefits is one of the keys to building the best financial situation for your retirement years. Achieving this desired situation, though, requires a clear understanding of the rules and complexities associated…
START: Taking a Look at the Impact on Savers
American Retirement Association’s Chief Content Officer Nevin Adams, in a post today on www.napa-net.org, examines the implications of the recently-introduced plan designed to tackle the well-established savings deficiency problem facing future retirees. Titled “Supplemental Transition Accounts for Retirement (START),” the plan calls…
The Most Consistent Question–When Should I File for Social Security Benefits?
The general question of “When should I file for Social Security benefits?” is one of the most common questions on the minds of folks approaching age 62. In fact, AMAC Foundation’s Social Security Advisory Service, an acclaimed service available free…
What you don’t know about Social Security can hurt you during retirement
The January 2018 snapshot from the Social Security Administration shows that the average monthly payout is just $1,407. This, according to a study from the Centers on Budget and Policy Priorities, is more than enough to keep over 15 million…
Delaying your wedding or divorce to get the best Social Security benefit possible
Seniors considering marriage need to plot out their strategy carefully when it comes to claiming Social Security. There are some important rules you need to know to time your wedding to maximize your Social Security benefits. Mike Piershale, CHFC, outlines…
How Social Security Helps Women Secure Today and Tomorrow
March is Women’s History Month — a time to focus not just on the past, but also on the challenges women continue to face in the 21st century. Today, more women are working than ever before, paying Social Security taxes,…
Employers might help you maximize your retirement income
As millions of older workers are approaching their retirement with modest savings, they are wondering if they will have enough money to live comfortably in retirement. For many workers, Social Security will provide the largest portion of their retirement income…