Headlines
Retirement Crisis? Study Says It’s Up to You
A survey conducted by the Knoxsville News Sentinel explored the issue of retirement preparedness, focusing on opinions about what much of mainstream media paints as a dire crisis for so many. Respondents in the reader solicitation certainly acknowledge that financial…
What Holiday Shopping can Teach You About Saving for Retirement
Black Friday is the biggest shopping day of the year, and companies would not participate if it did not make good financial sense. This day marks the period that most stores start to see their profit for the year. They…
Making Sure You Save Enough for Retirement
Many retirees run in to the concern of wondering if they have enough in savings to last throughout their entire retirement. This concern is getting more and more real as life expectancy keeps going up. There is a plethora of…
Proclamation of Thanksgiving
This is the proclamation which set the precedent for America’s national day of Thanksgiving. During his administration, President Lincoln issued many orders similar to this. For example, on November 28, 1861, he ordered government departments closed for a local…
Income Diversity Across Generations
The Bureau of Labor Statistics just released info that shows how each generation makes its income. This new tool makes it easy to see just how much Social Security affects each generation, and it comes as no surprise that the…
Preparing for Retirement
The most common concern in preparing for retirement is wondering if you will have enough saved and in investments to last throughout the rest of your life. Studies show that the most important period in retirement is the first 10…
Social Security and the Annual COLA Adjustment
Social Security is adjusted annually according to COLA which is based off of the Consumer Price Index. It was recently announced that the Price Index did not see enough of an increase in the past year to constitute a raise…
2016 Fix for Medicare Premiums May Re-Surface in 2017
American Enterprise Institute’s Joseph Antos, in a post today on tampabay.com, suggested that COLA conditions projected for 2017 may lead to a repeat of the premium increase threat staved off by the Bipartisan Budget Agreement this year. While no COLA increase would…
Politics and COLA – Thoughts on Changing the Formula
Michael Wald, an independent economics analyst and writer and retired U.S. Department of Labor Regional Director, takes a detailed look at various inflation indicators and how their adoption in the Social Security COLA calculation process would affect benefits. The article, titled…
Santorum Weighs In on Social Security Reform
2016 Presidential candidate Rick Santorum, speaking at a a campaign stop in Muscatine, Iowa, called for “a new and more fair way to deal with Social Security.” Referring to the program as an “entitlement,” he cited increases in life expectancy as…