Headlines
Less Time to Recover Financially from Divorce the Closer You are to Retirement
America is facing what’s being called the “gray divorce epidemic.” According to Pew research, the American divorce rate has actually declined for every other age demographic except the divorce rate among U.S. adults ages 50 and older. The divorce rate for…
Working While Retired
Retirement life is different for everyone. Social Security is here to secure today and tomorrow, whether you sail into the sunset or decide to continue working. Some of our rules allow you to receive Social Security retirement or survivor benefits…
Common mistakes can torpedo your retirement
The best laid plans, as they say, can often go awry. And sometimes, people actually don’t even worry about retirement until they’re standing at its doorstep. Well don’t lose heart – there are things you can do, and mistakes you can…
A Health Savings Account: Your retirement savings “loop hole”
So what would be retirement savings utopia? How about an account that you can contributed pre-tax money to, that grows and accumulates tax free dollars, and that you can withdraw money from tax free? Well, that’s exactly what you get…
Seniors 65 and still on ACA plan need to enroll in Medicare
It may come as a surprise to some 65 year old seniors, but if you’re still on a subsidized ACA (Obamacare) plan you need to switch and enroll in Medicare Part B. And you only have until the end of September…
How to avoid unhappiness in retirement
The results of a new study by the Employee Benefit Research Institute reveal that today’s seniors are becoming increasingly unhappy in their retirement. Although a majority of retirees are still enjoying their golden years, the percentage of those who describe…
Social Security Disability: Delay times need fixing
At a time when the Social Security Administration has been cutting back on employees, the number of disability applications has been rising and as a result there is a huge backlog of applications pending a decision. While about 2/3rds of disability applications are…
Will Social Security be there for the younger generation?
Those Americans referred to as “millennials” and “Generation Z” – essentially the younger generations under the age of 36 – are usually not focused on Social Security and how it might fit into a retirement plan so far into their future.…
In some states, you’ll pay income tax on your Social Security
While 37 states do not levy income tax on your Social Security benefits, if you live in any of these 13 states your benefits could very well be taxable. And although there are somewhat different taxing criteria among those 13 states,…
Freedom of time may be the best reason to take Social Security at age 62
In this hustle and bustle world, focusing on financial wealth, or at least financial adequacy, usually takes center stage in any retirement planning effort. And just as often, delaying Social Security benefits and allowing them to grow larger is an integral…