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Supplemental Social Security Income – Rules for Noncitizens
Noncitizens can be eligible for Supplemental Social Security Income, as explained in the Social Security Administration’s Publication EN-05-11051. The document explains in detail the immigration categories pertaining to this eligibility, and several additional definitions that are considered to determine eligibility. Check…
Travel Plans in Retirement
Traveling is becoming an increasingly more popular past time for the retired. Traveling’s biggest draws are the time spent with family and the time spent away from the drudge of everyday life at home. Surveys are showing the more and…
Millenials in Retirement Saving
Millenials are starting to take saving for retirement more seriously as the generation ages. Compared to 10 years ago with workers of the same age, Millenials today are investing at a rate 70% greater in to 401(k) plans. Although Millenials…
Higher Learning in Retirement
Some retirement communities are starting to offer more activities for their residents outside of the old stand-bys such as golf and pickle ball. These communities are bringing in lecturers and offering free seminars to their residents and general public on…
Is the Social Security Shortfall Understated?
The Technical Panel charged with examining the Social Security Trustees’ projections for the Trust Fund’s future cash flow has shed a view on the projected shortfall that differs from the long-term projections of the Trustees. While there are several key…
Credit Between Generations
Baby Boomers and Millenials hold differing ideals when it comes to the topic of credit and how they manage it. Millenials as a whole know less about their personal credit history than Baby Boomers do, with less than half of…
Baby Boomers in Retirement Plans
One of the more overlooked things about retirement is planning what to do after you no longer work. It is very important to figure out a financial plan for retirement, deciding when to apply for benefits from Social Security and…
Optimize Your Social Security Benefits
It can be very tempting to cash out on Social Security benefits as soon as they are available, but more and more studies are pointing out that it is more than worth it to wait a few years before applying.…
Investigating Some Little-known Features of Social Security
From “life-insurance” aspects of Social Security to the intricacies of “file-and-suspend,” there are several substantial Social Security features that many people are either unaware of or are only minimally aware of. This article, posted at m.nasdaq.com by the Motley Fool provides…
21 Million Americans Have Saved Nothing for Retirement
A study published by Bankrate.com sheds additional light on a growing problem for future retirees…an absence of financial preparation for their post-work life. Jim Offner, The Courier’s business editor, writing in a post on wcfcourier.com offers insights into this lack of…