Latest News
Mike Huckabee Finds Fault With Social Security Reallocation
Calling it “waste, fraud, and abuse,” presidential hopeful criticized the debt deal’s provision to reallocate $150 billion from the Social Security trust fund, and called for reform of the disability insurance program as a more suitable alternative. Breitbart’s Alex Swoyer provides…
Staying Healthy in Retirement
A recent survey showed the many Baby Boomers are pretty lax when it comes to their health care and prevention. Many take more reactive approaches than preventative actions which leads to an overall poor management of their health. One of…
The Budget Deal and Disability, File-and-Suspend Strategy
The budget deal to be voted on has implications for the Social Security Disability Trust Fund, specifically via the potential reallocation of payroll tax revenue from the OASI trust fund to the DI trust fund. The deal also includes significant…
Choosing the Best Area to Retire to
Many of those nearing retirement age find themselves asking the question of where to retire to or if they should stay in the same area they are already in. One of the biggest incentives to moving in retirement is moving…
Retirement Preparedness
A poll published by Wells Fargo found that most of those nearing retirement age have not saved half as much as they would have liked. The poll found that the median savings was $150,000 while the goal was $500,000 in…
Half of Americans Living at the Poverty Line
A new report released by Social Security shows that half of working Americans earn less than $30,000 per year. That comes out to under $2,500 a month, just above the poverty line. To put this in perspective, a family earning…
Understanding Medicare
An alarming number of Baby Boomers have admitted in a survey that they know very little about Medicare. Some of those surveyed even though Medicare was a free service. For those entering or nearing retirement age, this is an important…
Benefits Taxed While Working in Retirement
Be careful if you decide to work in retirement, before reaching retirement age you may be losing benefits to taxes if you make above the yearly earnings limit. This can be managed in many ways, but it is an easy…
Social Security–A Strategic Accounting Piece of Retirement Planning?
In an article titled “Social Security: for most Americans, the elephant in the room is a mouse,” columnist Jimmy Rodefer of the Journal Media Group takes an in-depth look at Social Security and the role that it plays–and should play–in…
Will 2017 be a repeat of 2016’s Zero Social Security COLA?
The rules for a comparative “look back” to set COLA rates may again produce a lower-than-needed adjustment for beneficiaries in 2017, according to The Motley Fool’s Dan Caplinger. Since the rules call for a comparison of the summer months’ price…