Headlines
Saving for Retirement
Most Americans are grossly underestimating how much they should save for retirement. Many assume that Social Security will be enough to fill in any shortcomings in their retirement savings, but this is not true. The average retiree will need 70%…
Your Taxes in Retirement
Many people heading in to retirement don’t realize that they could be taxed on their benefits. Although this does not affect everyone, those it does affect may not know just how much the taxes will hit them. There is a…
How to File for Benefits
The Social Security system is a convoluted and difficult thing to navigate. This could cause problems because it could make quite the difference in your monthly checks depending on how you file. The most common mistakes when filing stem from…
Facts About Social Security
Most people barely know the basics about Social Security, even among those whose job revolves around the system. We all hear the bad news from Social Security, everything from fraud to identity theft, but for many Social Security is an…
Delaying Your Claim to Social Security: An Analysis
In an article titled “Does delaying Social Security make sense?” posted on personal.vanguard.com, analyst Colleen Jaconetti offers a statistical look at the long-term effects of delaying Social Security. Her analysis presents combined benefits for married couples at several key intervals, including…
Proposed Incentive for Delaying Benefits
It is generally accepted that waiting to claim benefits is in the best interest of those filing for Social Security. From the age of 62 to the age of 70 benefits grow at a rate of 7-8% each year. Those…
Ways and Means Committee on Social Security Waste
Recently the House Ways and Means Subcommitte on Social Security met to discuss waste, fraud, and abuse within the Social Security system. The meeting was joined by the Inspector General of the Social Security Administration where he detailed many of…
Americans and Planning for Retirement
In a recent survey by Bankrate.com, 75% said they had financial regrets. Among those top listed was not saving enough for retirement. This leaves retirees with a series of tough choices after their career. It may not be as simple…
Brushing up on Social Security Rules
The recent changes to Social Security have left many scrambling to figure out how their retirement plans have been affected. Many experts are still trying to make sense of the mess. One of the biggest problems workers face is in…
Automatic Retirement Accounts
Studies have shown that Americans have been falling behind on retirement planning and are not able to put away enough money to support themselves in retirement. More and more are coming to rely on Social Security as their primary source…