Latest News
Living on the “median household income”
Robert Powell, editor of Retirement Weekly and regular USA TODAY contributor, takes a look at the strategies many retirees follow in order to live on the estimated median annual household income realized by retirees today. His article was recently posted on the Asbury…
Thoughts on retiring at 70
Popular media trends typically extol the virtues of waiting to age 70 to file for Social Security benefits, and the math behind these virtues are certainly indisputable. But if you’re leaning in this direction, it’s important that you take the…
Some tips for pre-retirement planning
Many folks harbor concerns regarding the strength of their retirement finances, and it causes a fair amount of stress (as indicated by an earlier post today). But there are some steps you can take in the years leading up to retirement…
What’s your biggest financial concern?
El Segundo, Calif.-based financial education service Financial Finesse recently published the results of an extensive study of American employees, and surprise, surprise: “Not Saving Enough for Retirement” tops the list of issues that cause respondents to lose sleep. Read the report here……
More news on 2017 COLA projections
CNBC weighs-in on the projections for 2017’s Social Security Cost of Living Adjustment, reporting on Board of Trustees’ suggestion that an adjustiment of somewhere between zero and seven tenths of a percent appear likely. Read more… Notice: The link…
Medicare Prepares To Go Forward With New Hospital Quality Ratings
(By Jordan Rau for Kaiser Health News) Despite objections from Congress and the hospital industry, the Obama administration said it will soon publish star ratings summing up the quality of 3,662 hospitals. Nearly half will be rated as average, and…
What do your really get out of “retirement calculators”?
Given the variability in input requirements, and the corresponding use of embedded assumptions, it’s likely that the use of automated retirement calculators will only produce a wake-up call rather than a reliable financial roadmap, according to an article posted at www.wsj.com…
Estimating Your Retirement Costs
Planning for retirement is not an easy task. There is a plethora of information out there meant to help with this, but it can become overwhelming. Many times the information you find can be good advice but it does not…
Slim Chance for Benefit Increase in 2017
As of right now we are on track to receive no benefit increases for Social Security next year. The most recent reports show that there is a projection for a 0.7% to 0% increase. This is because of the way…
Older voters represent an unknown in the 2016 election
Given the obscurity that has surrounded the candidates’ positions on Social Security and Medicare, it’s difficult to predict what impact older voters will have on the November outcome. Next Avenue Blogger Chris Farrell has taken a detailed look at the…