Headlines
Social Security’s Declining Purchasing Power
According to reports from the Senior Citizens League, Social Security’s purchasing power has dropped by 30% since 2000, basically as a result the program’s cost-of-living adjustments’ inability to keep pace with inflation in categories particularly critical to seniors. This situation is largely…
Social Security: The More You Know, The Better You Can Plan
To say that America’s Social Security System is complex is somewhat of an understatement, since there are over 2700 separate rules governing benefits and an extraordinary number of variations on how and when to file for benefits. Understanding these instructions…
How Social Security Program is Funded and How Much The Average Worker will Owe in 2018
Even with $2.89 trillion in asset reserves as of the end of September 2017, Social Security Board of Trustees predict that Social Security’s Trust will begin paying out more in benefits than it’s collecting in revenue by 2022. However, due…
Is Waiting Until age 70 to file for Your Social Security Benefits Right for You?
Social Security Administration states 62 percent of retired workers who are currently receiving benefits count on their monthly check for at least half their income and another 34 percent rely on it for practically all of their monthly income. With…
Avoiding Gray Divorce in Retirement
In a 2017 report from the Pew Research Center found gray divorce – divorce after age 50- increased 109 percent from 1990 to 2015. Some couples who stay together may find their remaining years marked by conflict. However, spousal conflict…
No 401(k)? You Still Have Options.
Financial experts will tell you to take full advantage of your 401(k) but only around 74 percent of employers offer 401(k) plans to full-time employees which means the other 26 percent are on their own. These figures do not include…
Could Monetary Tightening by the Federal Reserve Help Social Security Program
Why is Social Security so important? According to the Social Security Administration, each month nearly 62 million people receive a benefit check from Social Security. Around 171 million workers are on track to receive some retirement income. Additional, around 90 percent…
Could Monetary Tightening by the Federal Reserve Help Social Security Program?
Why is Social Security so important? According to the Social Security Administration, each month nearly 62 million people receive a benefit check from Social Security. Around 171 million workers are on track to receive some retirement income. Additional, around 90 percent…
Preparing for Healthcare Costs in Retirement
The Bureau of Labor Statistics reported average healthcare spending for seniors at almost $6,000 in 2016. Only 43 percent of middle-income Americans found healthcare expenses on Medicare to be in line with their expectations. Middle-income families were three times more…
It’s Never too Early or Late to Think about Retirement
Many Americans won’t get the opportunity to enjoy their retirement to the fullest. Why? Unfortunately, many Americans don’t know enough about retirement to plan for it properly. In Maurie Backman’s article, she writes about a few things everyone needs to…