Latest News
The good news: Social Security really will work for your grandkids. Now, the bad news
(By – Allison Schrager, qz.com) The US Social Security program turned 80 years old last week. But despite its longevity, a recent Gallup poll shows that more than 50% of Americans don’t think they’ll get any benefits when they retire. It’s pretty stunning…
Social Security should be a big issue in presidential election
(Source – www.fredericknewspost.com) Social Security is at a crossroads, with the mother of all government programs facing some hard choices and potentially a bumpy road ahead. Despite its high profile as an issue, few of the hordes of candidates already hotly…
How much would people save if there were no Social Security?
(Source – www.upjohn.org) Pay-as-you-go pension systems are vulnerable to changes in demographics, such as increased longevity and declining fertility. To deal with these demographic changes, over the last two decades, many European nations have reformed their pension systems. These reforms, which…
How military service affects your Social Security benefits
(By – JOE LUCEY, www.marketwatch.com) If you served in the military, you’ve lived on bases, ships, installations and submarines. Your fine-dining experiences may have included hundreds of days consuming MREs and fast grabs from BXs/NEXs and commissaries. You’ve been deployed to remote…
Taxes, Retirement, and Timing Social Security
(Source – www.cpafinancial.com) The advantages of tax deferral are often emphasized when it comes to saving for retirement. So it might seem like a good idea to hold off on taking taxable distributions from retirement plans for as long as possible.…
Baby boomers reeling in the years
(By – Lesley Parker, medicalxpress.com) It’s long been said that you’re as old as you feel. Now a group of researchers is looking at how the concept of “subjective” age might be used to manage the wellbeing of the baby boomer…
How Living to 100 Changes Our Education, Work and Retirement
(By – Jeffrey Hamilton, via www.nasdaq.com) I recently shared an interesting conversation with Laura Carstensen, who has a unique take on living longer. As the director of the Stanford Center on Longevity, Laura believes that the longevity phenomenon can be felt…
Social Security Is More Important Than a Lot of People Realize
(By – Kevin Drum, via www.motherjones.com) The 2015 Retirement Confidence Survey from the Employee Benefit Research Institute is out, and it shows the usual: hardly anyone thinks that Social Security benefits will remain stable in the future. They expect cuts, cuts, and…
SOCIAL SECURITY: Deciding when to retire
(By – David Seymour, www.pharostribune.com) Deciding when to retire is a personal choice, and you should consider a number of factors, but we can certainly help. First, take a few minutes and open a my Social Security account at www.socialsecurity.gov/myaccount. With a…
How Much Money Do I Need to Retire?
(Source – www.fool.com) It’s a question with an entire industry devoted to answering it: “How much money do I need to retire?” The irony of the situation is that, from a certain perspective, the correct response is incredibly simple. You can figure…