Headlines
Ryan unveils House GOP budget claiming balance
House Budget Committee Chairman Paul Ryan unveiled an updated Republican budget plan Tuesday that would slash $5.1 trillion in federal spending over coming decade and promises to balance the government’s books with wide-ranging cuts in programs like food stamps and…
Struggling on Social Security, retirees take part-time work
One of the most common reasons York County residents say they are working past the traditional retirement age is to maximize their Social Security benefits. Technically, workers can retire at 62 and receive Social Security. “But there’s not much of…
Social Security umbrella can protect you from life’s storms
You’ve probably noticed the unusually cold and stormy weather we’ve been experiencing this year. That makes it more appropriate than ever to recognize National Umbrella Month this March. National Umbrella Month is a time to celebrate a useful invention used…
Should you delay taking Social Security?
You work, you pay your withholding, and when you reach retirement age, you are entitled to start collecting Social Security benefits. Sounds simple. But it isn’t. A big decision awaits each recipient before his or her payments begin: To maximize…
Retirement Wave Could Mean Golden Years For Workers
While the idea of retirement may be appealing, especially with winter weather making for long commutes this year, an awful lot of workers are not on track to be able to retire. An annual survey conducted by the Employee Benefit…
Abby’s road to financial security
In the midst of all the recent international news, you might have missed President Obama’s new budget proposal. Even though we haven’t passed a budget in about five years, it’s still important because it is the clearest view of the…
Surprise! White House To Delay ‘Firm’ Obamacare Enrollment Deadline Past March 31
Though the Obama administration repeatedly insisted that its March 31 enrollment deadline for Obamacare’s first year was “firm,” many observers predicted that the administration would combat lagging sales of health law-sponsored insurance plans by extending that deadline. Sure enough, on…
When Should You Take Social Security?
When it comes to your own Social Security benefits, you’ve got three alternatives: Take them early Wait until your normal retirement age Wait even longer The normal age for receiving Social Security retirement benefits is a moving target (see table…
The coming longevity gap battle
The next battlefield for the haves and have-nots won’t be money. It will be life itself. The conflict will start as more people understand that the well-off enjoy significantly longer lives than people who aren’t so fortunate. The difference in…
9 retirement savings tax tips
You might be able to muddle through retirement without knowing each and every line of Uncle Sam’s tax code. But you’ll likely give the federal government more than its fair share of your nest egg if you don’t know what…