Headlines
The Mechanics of Fixing Social Security
If you’ve been following the presidential race at all, you’ve undoubtedly heard many references to Social Security and the need for specific corrective action to shore it up for future beneficiaries. What you haven’t heard, though, is much in the…
The Reasons for Extending Worklife
Older Americans are extending their work life, giving credence to the phrase “75 (or maybe 80?) is the new 65” and other similar catchphrases. In many cases there are financial reasons for this, but in many other cases there are…
How Should You Handle Your Retirement Account?
Boomers are starting to question the efficacy of their 401(k)s as they reach and enter retirement age. Over half of retired boomers have reallocated the money that they had in 401(k)s in to individual retirement accounts. This statistic goes even…
The Value of Your Benefits
Most people don’t think about how much their Social Security benefits are actually worth, all they see are the monthly payments. Getting an estimate for your total Social Security benefit worth could be beneficial to both you and your spouse.…
What’s Changed in Retirement?
Retirement looks a lot different for Baby Boomers than it did for the generations that came before. Many Boomers are finding it hard to retire when they planned to and have to make last minute changes to finagle their way…
Taking Early Benefits
Most of the advice out there concerning Social Security benefits say to wait as long as possible to let your payments grow as much as possible before you start receiving them. That advice is not applicable to many people, however,…
How Affordable is Your Retirement?
Jim Gallagher of the St. Louis Post-Dispatch takes a look at the affordability of retirement, analyzing the applicability of several of the traditional “rules of thumb” used by people to assess their retirement readiness. The article also delves into the…
Social Security Emerges as a Primary Republican Debate Issue
Thursday night’s Republican debate in Florida, while more subdued that previous debates, placed considerable emphasis on an issue key to older Americans…Social Security. There was consistency in the need for corrective action, but there was disparity in the implementation of…
The Future of Social Security
Millennials are starting to fear for the future of Social Security. Rightly so, Social Security is estimated to become insolvent in the 2030s, well before they start reaching retirement age. Without changes to the system, Millennials are looking at severely…
Final Job Before Retiring
Many people reaching retirement age start to find out that they are not actually prepared for retirement. Ideally, you would be planning for retirement the moment you entered the work force, saving a portion of each paycheck to be used…