Latest News

The retirement prospects of four generations of workers

According to a recent survey, 60 percent of workers have made adjustments due to the pandemic-related financial strain, and 82 percent are saving for retirement. The survey findings illustrate the retirement outlook of workers across four generations: Baby Boomers, Millennial,…

IRS continues to levy on Social Security benefits

Many taxpayers who owe the Internal Revenue Service (IRS) money for back taxes believe once they file for Social Security benefits, the IRS cannot continue to collect monies owed. However, the recent decision by the Eleventh Circuit Court of Appeals…

The brief history of Social Security

According to the latest Social Security Administration statistics, over 49 million retirees are collecting their Social Security benefits, 5.8 million people are collecting survivor benefits, and just over 9 million are collecting disability benefits for a total of 65 million.…

The Automatic IRA Act and Savers Credit

According to a PwC analysis, nearly one in four working-age Americans aren’t saving for retirement. Research has shown workers are more likely to build a retirement nest egg if they have access to a workplace-based savings plan. The federal lawmakers…

Innovative reforms to enhance retirement security

Why should you have to be a financial expert to achieve a secure and adequate retirement? According to William G. Gale, David C. John, and J. Mark Iwry of the Brookings Institute, you should not have to be an expert…

Women face challenges to successful retirement

The number of female workers exiting the workforce due to the pandemic is around three million. Despite the vaccine and schools reopening, that number has not shrunk. Unfortunately, many women will experience significant disruption to their career progress, job prospects,…

Putting the inflation we are seeing in context

As we wait to hear what Social Security cost-of-living adjustments (COLA) will be for next year, there are a few things people should know about inflation. Jeff Berman documented his conversion with Jami Hopkins, managing partner at Carson Group, and…

Part D premiums will be increasing in 2022

The Centers for Medicare and Medicaid Services (CMS) is projecting that the average monthly premium for Medicare Part D coverage will increase in 2022. The agency is projecting Part D premiums will increase to approximately $33.27, a 4.9 percent increase…

Where does Social Security fit into your retirement plans?

Due to the increase in life expectancy rate, retirement could last two or even three decades. But how many of us are prepared to meet our income needs for all those years? For most people, Social Security won’t be enough…

The “Funding Our Future” initiative

In a recent public letter to President Biden, a group of 31 organizations including, leading economic think tanks and financial institutions, is urging the administration to create an inter-agency task force to focus on legislation on pensions, Social Security, and…

Website by Geiger Computers