Headlines
Why Social Security recipients are losing their purchasing power
It’s certainly no secret to seniors who rely on Social Security that their purchasing power is declining fast, and a meager 0.3% COLA increase which was consumed by rising Medicare premiums did nothing to help. In fact, rising medical costs have…
The 5 year pre-retirement reality check
If retirement is somewhere on your horizon, chances are you’ve already done some level of planning and evaluation of your personal readiness to leave your career behind and ease into a comfortable life of stress-free leisure. This US News article…
The clock is ticking for your Required Minimum Distribution (RMD)
If you’re 70 1/2 years old or more, you only have a few more days to make sure you have taken enough of your Required Minimum Distribution (RMD) on your tax-deferred retirement accounts (401(k), IRA, etc.). If you don’t take enough,…
Social Security needs this reform
The financial well being of Social Security and those who rely on it in retirement has been a topic of passionate discussion for years. Likewise, many articles have been written about the lack of savings accumulated by those approaching their…
The five biggest fears about retirement
A recent survey showed that over half of American workers are nervous about their financial security and health in retirement. These worries include whether their savings will be enough, the solvency of the Social Security program, their future health and…
How much do you need to retire?
It’s the question that nearly everyone thinking about retirement asks: “How much do I need to retire?” Many articles have been written on this topic, and a lot of them give a fairly complicated response which usually ends with the…
IRA: Time is Running Out
In 2015, over forty million U.S. households owned at least one type of IRA. It is unknown how many of these households are aware there are requirements they might need to meet before the end of the year to avoid…
If you don’t want to pay the Tax Man
Most people do not like paying the tax man but according to The Senior Citizens League, “56 percent of retirees receiving Social Security will owe federal tax on at least a portion of their benefits during retirement.” Sean Williams’ outlines five…
Women: Worrying More and Saving Less
In Richard Eisenberg’s contributor column for Forbes, he reviews the 17th Annual Transamerica Retirement Survey: A Compendium of Findings About American Workers, which finds women are saving far less, worrying great deal more and calling retirement saving a lower financial…
What If I Don’t Have Access to a 401K?
What if you do not have access to a 401K? There are significant numbers of workers that do not have access to 401Ks. They are teachers, public-service workers, people who work for themselves, and employees of companies that don’t offer…