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Life Expectancy Among Demographics
Modern advancements in medicine have prolonged the average life span in recent years and it is continuing to trend upwards. However, these numbers are skewed between different demographics. The rich are living longer than the poor. The age gap in…
“Do the Math” on Retiring…Some Guidlines to Help
Columnist Dave Rowan of NerdWallet takes a look at the mechanics of determining your retirement readiness in an article posted on www.nerdwallet.com. The article tests some of the standard thinking (like the veracity of the “4% rule”) and supplements it with some…
An Update on Income Tax E-File Scams
It’s that time of the year again, and the IRS has reported on the proliferation of fraudulent personal income tax returns filed. According to a report filed by Helena, Montana’s Independent Record, the IRS has acknowledged that stolen Social Security…
Retirement Planning with Boomers and Gen X
There is a huge difference between how Baby Boomers and Generation X approach planning and saving for retirement. The biggest reason for this is how long each generation has until retirement age, Generation X still have a couple decades left…
Student Loans in Retirement
There is a growing trend of seniors becoming indebted due to student loans. Since 2013 there has been an 886% growth in student loan debt in those 65 and older. This is causing a hardship in retirement for these people…
Social Security Under Bernie Sanders
One of the biggest debates in the current election cycle is on how the Social Security system will operate under each candidate. Each candidate has proposed their own solutions to the problems facing Social Security. Sanders would see the program…
Trump and the “nonexistent centenarians” on Social Security
Republican presidential candidate Donald Trump’s debate assessment on Saturday of a major cause of waste and fraud in Social Security has some validity, according to a fact-checking article posted by the Star Tribune. Read the article, which checks other statements…
2016 Red Book – A Guide to Social Security Work Incentives
This free publication from the Social Security Administration has information about employment support programs, also called “work incentives,” for people who receive Social Security disability benefits. Work incentives can help people with disabilities go back to work or enter the…
Disability Insurance Program Scheduled for New Cost Savings programs; CBPP Expresses Caution
With the Social Security Disability Insurance program solvency extended to 2022, a new round of mandated programs to reform the program is planned. The Center on Budget and Policy Priorities, however, recently suggested doubt that the new initiatives will generate substantial…
Social Security’s Unpleasant “Surprise”
Beneficiaries new to Social Security may be surprised to find that a portion of their monthly benefits are subject to Federal Income Tax, depending on their overall taxable income level. Read about this situation at www.fool.com… Notice: The link…