Headlines
“Interfund Borrowing” Questioned by CBPP
Interfund borrowing–exchanging money between trust funds–is called into question by the Center on Budget and Policy Priorities in an article by Kathleen Romig posted on www.cbpp.org. Citing the long-term implications of debt maturity, the article advocates re-balancing or reallocation of revenues between the…
Saving for Retirement – Personalize Your Nest Egg
Investor’s have recommended saving anywhere between 1 million and 2.5 million dollars for retirement, although most households save an average of 100,000 to 150,000 dollars. New studies, however, show that most retirees spend significantly less in retirement than while they…
Centrist Group Set to Focus on Problem Solving at October 12 Convention
Congressional No Labels supporters are set to hold a full-day convention on October 12, with plans to dedicate the entire session to discussion on how presidential candidates will accomplish their campaign promises. Job creation, achieving a balanced budget, and securing Social…
Understanding How Your Social Security Benefits are Calculated
To many people, the methodology behind the actual calculation of their monthly benefit is not a clearly understood thing. Beginning with an explanation of the Primary Insurance Amount (PIA)–the basic element in arriving at your benefit amount–Mark Miller provides a…
The Long-Term Effects of the Wage and Life Expectancy Gaps
A study by the National Academies of Sciences, Engineering and Medicine draws some interesting parallels between the gap in income levels and its long-term affect on ultimate Social Security payouts. In an article posted on www.nhregister.com titled “Another View: What the…
What’s Your Definition of “Early Retirement?”
If you’re not yet retired, it’s a good bet that you’ve spent at least some time daydreaming about it and, depending on where your are on the age spectrum, early retirement is likely part of the daydreaming. Most people have…
The Importance of Planning Your Approach to Social Security Decisions
It’s likely a pretty big part of your retirement planning, so it’s important to take a systematic look at what’s ahead as you age toward your post-career years. Julia Anderson, columnist at sixtyandsingle.com, presents three key strategic steps people in their…
Bernie Sanders calls for tax increases to offset Social Security Expansion
The Wall Street Journal reports that presidential candidate Bernie Sanders’ proposed for expanding Social Security and ensuring its solvency for 50 years would require additional tax revenue of $1.2 trillion over a decade. An article posted on www.wsj.com by reporter Laura Meckler…
Social Security Benefits for “Grandfamilies”
A little-known provision in the Social Security can be a big help to grandparents needing to support grandchildren, a cultural situation known as “grandfamilies.” In an article titled “Social Security Retirement Benefits for Dependent Grandchildren” posted on socialsecurityintelligence.com, the rules and…
Comfortable retirement projected for only 40%–and that’s optimistic
A recent study of employees at large U.S companies indicates that only two out of five will have the financial resources to retire comfortably at age 65. Award-winning financial columnist for the Tribune, Gail MarksJarvis, provides insights into this Aon Hewitt…