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Worries about having enough money to completely retire prevails for all three generations
According to a recent report “Wishful Thinking or Within Reach: Three Generations Prepare for Retirement,” from the Transamerica Center for Retirement Studies, workers estimate that they’ll live to age 90, but only 18 percent are very confident that they’ll be…
Are you ready to live in a continuing care retirement community?
There are nearly 2,000 continuing care retirement communities (CCRCs) nationwide that will handle all your needs for the rest of your life – at a hefty price. You must be at least 62 and healthy enough to live independently. The…
Five key Social Security rules
The U.S. Social Security program can be complicated, and it’s not always obvious how Social Security benefits work. Whether you are retired or still working, you need to know these five key Social Security rules. In Dan Caplinger’s article for…
Starting the New Year right by avoiding these Social Security mistakes
In Maurie Backman’s column for The Motley Fool, she suggest that one of your New Year’s resolution should be to read up on Social Security and familiarize yourself with how it works. She prepares you to start the New Year right by…
The politics of fixing the Social Security financial dilemma
We hear fairly regularly about Social Security’s pending financial dilemma, but what we don’t hear much about is how Congress is going to fix it. That’s because, as with most things on Capitol hill these days, Democrats and Republicans can’t…
Don’t make these retirement mistakes
It’s pretty well known that retirement savings, or rather lack thereof, is a national issue, and nearly all financial advisors will recommend you save as much as you possibly can for your golden years. So let’s say that you’ve listened to…
Set a date for your retirement? Don’t count on it
Many people approach their retirement planning with a specific age in mind that they want to hang up their work clothes. But when that time comes, many are finding out that the stars haven’t aligned well enough to allow retiring…
A small bump in 401(k) savings now means a lot for your future
America’s savings crisis is a pretty well known issue today, exacerbated by the fact that far too many people aren’t taking full advantage of the 401(k) plan offered by their employer. In fact, about 20% of employees don’t contribute enough…
To wait, or not to wait: That is the big Social Security question
Whether to file for Social Security at your full retirement age, or wait and make your benefit checks bigger, is a decision that everyone needs to make once they become eligible for benefits. Deciding what age to file, of course,…
A Social Security conundrum: Taxing Social Security benefits
Way back in the 1980’s and 1990’s, changes were made to the Social Security program which meant that if a recipient’s income level exceeded certain thresholds, a portion of their Social Security benefits would become taxable. An amendment passed in…