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Common Travel Destinations Among Boomers
Travel has and always will be a high priority among most in retirement. Having a career leaves most people tethered to their home city for a big portion of their lives and leaves them with restless legs in retirement. As…
A look at the implications of Social Security Disability case backlogs
In an article titled “Some struggle to live while waiting more than 2 years for Social Security disability hearings” posted on www.usnews.com, Kelli Kennedy of Associated Press takes a look at the excessive of cases and the impact on applicants waiting for resolution.…
Difference in Investments Among Generations
Most investment companies manage a higher percentage of retirement accounts than any other. This is for a number of reasons, older generations are more likely to already have investments and are more likely to invest than younger generations. These companies…
Supplemental Security Income – The Basics
(Source – The Center on Budget and Policy Priorities) The Center on Budget and Policy Priorities has made available an informative document covering the key aspects of the federal Supplemental Security Income (SSI) program. The document, available as a PDF download, defines…
Entering Retirement in Debt
More people are starting to carry debt over in to their retirement that is difficult to pay off on a fixed income. These debts are usually made up of combinations of credit card debt, student loans, and mortgages. Student loan…
Correcting Social Security Myths
There are many misconceptions in Social Security, and some facts may be surprising considering the stereotypes surrounding the program. The first shocking fact is that more young people are benefitting from Social Security than you would think at first, 1…
Social Security and Marriage
There are many financially beneficial reasons to get married, aside from the emotional reasons. Social Security offers many benefits to spouses that are not available to single recipients. One of the biggest benefits is being able to receive benefits based…
Wealth Distribution in the Coming Decades
Baby Boomers are slated to lose their dominant share in wealth distribution in the next 20 years to their children. By 2030 it is estimated that Millennials and Generation X will control half of America’s wealth, compared to the 18%…
Social Security Basics
One of the biggest problems with the Social Security System is the many people that know next to nothing about it. It is very important to at least have the basics down if you are paying in to and plan…
Why You Shouldn’t Claim Benefits too Early
You are able to start claiming Social Security benefits as early as age 62, but starting so early comes with it’s disadvantages. By delaying until a later age you can rack up higher benefits both in monthly payouts and overall…