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Retiring with a Disabled Dependent
Retirement planning is enough of a dredge without having a dependent that you will have to support aside from yourself. Having a disabled child that is not or cannot be financially independent changes how you look at retirement plans. In…
Looming Price Increase for Medicare
With the news of a year without COLA increase for Social Security also comes a threat of a premium increase to Medicare that will affect millions of Americans. The final numbers are to come later this month once the Bureau…
The Price of Healthcare
Medicare is one of the more important aspects in an aging American’s life. One of the most daunting tasks in retirement age is wading through numerous plans available to pick the right one. It is all too easy to give…
How the Social Security System is Being Cheated
The Social Security System offers benefits to about 60 million Americans, most of which deserve it. As with most nice things, the few that game the system procure punishment for everybody. One of the most common ways people are reaping…
Attention: Single People…Some Things to Think About in Retirement Planning
There are quite a few aspects of retirement planning that apply equally to married couples and single people, but there are some significant differences that also need to be considered. The Social Security options differ somewhat, and it needs to be…
The Different Uses of Social Security
Social Security benefits help support half of all retired married couples and three fourths of single retirees. Most of these beneficiaries have Social Security as their primary source of income. Social Security does more than offer a source of income…
How to Fix the Social Security Disability Insurance Program MarketWatch
(By – Jason J. Fichtner, Mercatus Center, George Mason University) As I noted in my previous MarketWatch column, the Social Security Disability Insurance (SSDI) program faces real and increasingly urgent financial challenges. Absent legislative action to shore up the program’s…
Behind the Scenes with the Social Security Advisory Board
The Social Security Advisory Board was formed as a neutral panel to aid and advise Congress and the President in matters to do with Social Security. Through their research they make recommendations as to the best course of action to…
Educate Yourself on Social Security
A recent survey conducted by Financial Planning Association found that those nearing retirement age were actually quite knowledgeable about Social Security in general, but their knowledge falls off drastically when it comes to deferring benefits and spousal benefits. Some of…
The Morbid Predecessor to Social Security
The infamous predecessor to Social Security and pensions could make a comeback and benefit the current retirement systems. Tontines, a sort of death pact mixed with an annuity, could be the next big thing in the retirement game. Tontines were…