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Preparing for a Financially Stable Retirement
More and more focus is being put on retirement planning and saving in recent years. Social Security is facing stability and solvency problems in the near future and company-supported pensions are becoming rarer and rarer. This leaves workers personally responsible…
A Proposal to Cut Benefits
A new report from the Bipartisan Policy Center suggests that cutting benefits in favor of private savings could be the right “fix” for Social Security. At first this seems like the opposite that everyone would want. This plan would promote…
Federal funding levels for Medicare counseling services may remain intact
According to a post by Richard Craver of the Winston-Salem Journal, proposals are in play to retain federal funding levels for “free local counseling on annual Medicare options” for the coming fiscal year. U.S. House Appropriations Committee’s draft bill including funding recommendations…
Surviving Spouses in Retirement
Most retirement accounts and Social Security will allow you access to your deceased spouse’s benefits. However, this may be another case of just because you can doesn’t mean you should. There are many factors that should be taken in to…
Reality-Checking the Current Rhetoric on Social Security
In the wake of the recently issued Social Security trustee’s report, it’s important that anyone attempting to form a position on the various program expansion proposals popping up on campaign platforms clearly understand the implications. In a post titled “Separating…
Happy Independence Day! Watch Our Video!
“Let the annual return of July 4 forever refresh our recollections of these rights, and an undiminished devotion to them.” – Thomas Jefferson Happy Independence Day!
Acting Commissioner Colvin Comments on Social Security
In an interview with The Atlanta Journal-Constitution Business News Reporter Russell Grantham, Acting Social Security Commission Carolyn Colvin offers her perspective on the state of the program and provided conjecture on what will happen in the years ahead. The article concludes with…
Tools Available to Retirement Advisors
Social Security has had some radical changes in recent years regarding in rules and stipulations to different filing options. Many options were taken away and are no longer available leaving those that were planning on filing in those ways scrambling…
Solvency Projection May be Misleading
Many reports recently have stated that the Social Security trust fund will run out by 2030. However, that does not mean that we are fine until then. In the past 3 years the Social Security has had to borrow $200…
Proposals to Fix Social Security
More and more proposals are coming out on how to fix the Social Security solvency issue. This problem has gained a lot of traction in this election season and is becoming one of the bigger topics in politics. Many think…