Headlines
Forget Talk On Cutting Social Security, Campaign Wants Benefits Increased
A new campaign to persuade Congress to increase the benefits provided by Social Security was launched last week by the National Committee to Preserve Social Security and Medicare. With most of the Congressional efforts in the last few years being…
Spending retirement funds can be harder than saving…
Q: My husband and I have accumulated a nice chunk of money for retirement. But I think getting the money was the easy part. Now that we are about to retire we need help managing it — knowing when, where,…
Obama’s ‘myRA’ plan is a start, but it won’t save retirement
I’m an advocate for just about anything that will help people save for retirement. These days we are pretty much on our own, so I am hopeful that a new starter savings account will help people jump-start their retirement savings.…
To Your Wealth: Impact of work while collecting Social Security benefits
Has anyone told you that if you work while collecting Social Security retirement benefits, you’ll lose part of your benefits? If you’re like most people who hear this, you’d probably opt not to work. What’s the sense of earning $1,000…
Biz Bits: Writing off Social Security? Not so fast
Social Security has developed a bit of a bad reputation over the past decade, but for the foreseeable future, it is expected to remain a reliable financial resource. If individuals don’t take all income streams into account while planning for…
Barely Getting By: Seniors Struggle With Social Security Adjustments
Not long after Mary Callahan’s 1.5 percent Social Security cost-of-living adjustment went into effect Jan. 1 — netting her $20 more a month — a community newsletter arrived in the mail at her modest Neville Island, Pa., home. Beginning this year,…
What’s best for younger workers?
Workers at all ages could be better off from smaller Social Security benefits rather than higher payroll taxes, according to a new study from the National Center for Policy Analysis (NCPA). As Congress gears up to debate entitlement spending reform, they…
Social Security And You: What Does The Future Hold?
On average, Social Security benefits currently represent approximately 37% of the typical retiree’s income, according to the Social Security Administration.* For future generations of retirees, Social Security may represent a much smaller percentage of retirement income. A System At Risk: When Social…
Taxpayers advised to file early to fight fraud
Income tax season started Friday for individual taxpayers, and while many might not be in a hurry to file their returns, it’s a sure bet that criminals are poised to push the send button and transmit bogus documents. Using the victim’s…
Rich or poor, workers win if firms prod them to save
Are you going to be OK in retirement, or will you end up scavenging for food and hoping the lottery will save you from years of saving neglect? Recent criticism of the 401(k) system suggests the dreary life of a scavenger…