Headlines
Social Security Benefits Losing Ground to Health Care Costs
HealthView Services (HVS ), considered to be a leading producer of health care cost-projection software, forecasts that health costs for today’s workers will at some point eclipse their Social Security benefits. Driven by a projected health care cost inflation rate of…
Younger Folks Banking on Social Security?
The results of a recent Gallup poll provide an indication that younger workers may be offsetting their absence of savings with a reliance on Social Security for their retirement years. In fact, as reported by Maurie Bachman in a post…
Support for Delaying Social Security Benefits
Much has been publicized about the benefit of avoiding the impulse to file for Social Security benefits at the earliest possible point (age 62). The obvious benefits include a larger monthly benefit when you do file and the availability of…
2018 COLA Speculation: Maybe a Good News/Bad News Story Ahead?
If CPI-W numbers in the early months of 2017 are any indication of what will happen in the July, August, and September period, the possibility of a higher Cost of Living Adjustment (COLA) for 2018 may be in the cards for…
Ways to Increase Your Social Security Benefit
A study conducted by The Center on Budget and Policy Priorities found that, without Social Security income, the estimated poverty rate among seniors would be expected to spike above 40 percent; however, with Social Security income, the senior poverty rate…
How the Social Security COLA Process Works
The Social Security Administration annually evaluates inflation data to see if a cost-of-living adjustment, or COLA, is warranted. This is done as an effort to keep retirees’ purchasing power constant from year to year. In Matthew Frankel’s column, he gives…
Delay Filing For Social Security: Is it Worth It?
If you qualify for Social Security benefits you have the option of starting to collect your monthly checks at any time between the ages of 62 and 70. You may be surprised to learn that the majority of Americans start…
Is Your Retirement Plan Realistic?
If you are planning to retire in five, or maybe ten years, have you thought ahead about making that transition? Most people have an idea of when they would like to retire but too often that idea is just that and…
Retirement Myths
What is your idea of what your life will be like in retirement? Your idea of what lies ahead in retirement years may be far different from reality and may not follow the script you wrote in your head. Ali…
Some Answers to Your 401(k) Questions
For the majority of people, the largest source of funds set aside for retirement is their 401(k). Assuming your company offers 401(k)s or 403(b)s, the most common retirement plan, how much do you contribute? Ian Maxwell, Financial Adviser, gives six…