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Social Security Yesterday and Today
One of the biggest concerns about Social Security today is about its solvency. Many workers today are worried that it won’t be there for them when they reach retirement age, that the funds will be all dried up. The culprit…
Married Couples and Social Security – The Math Behind the Benefits
For married couples aging-in to Social Security, it’s critical for financial planning purposes to have a good idea of your level of combined benefits. In an article posted on www.mysanantonio.com, the mathematics behind the calculation of benefits is reviewed, along with…
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…