Latest News
Retirement outlook is more challenging for women
(Source – www.startribune.com) Try this experiment at your next neighborhood barbecue. Bring up the topic of the retirement savings crisis and you are likely to be met with can-we-change-the-subject eye rolls. But mention gender pay disparity and watch the fireworks. These topics…
Understanding the Social Security family maximum
(By – Robert Powell, www.marketwatch.com) Social Security’s family maximum rules limit the total benefits payable to a beneficiary’s family. And the rules for calculating family maximum benefits are complicated, according to the authors of a report just published at Social Security Bulletin. Consider…
Tax Strategies Scan: Minimizing Taxes on Social Security
(Source – www.accountingtoday.com) Most clients who only receive Social Security benefits during their retirement years are likely not going to be taxed unless if they also receive income from other sources like an IRA or 401(k), according to Investopedia. However, if…
5 bad reasons to take Social Security early
(By – Andy Landis, www.marketwatch.com) Just when I think I’ve heard every bad reason for taking Social Security early, another one pops up. Understand — there are “good” reasons to take Social Security early. “Bad” reasons aren’t supported by the facts.…
As the boomers fade, so will our economy
(By – Norm Hoffmann, www.citizen-times.com) The economists cited in the recent front-page coverage pondering the lack of economic recovery and dismal salaries of local workers seemed to miss two very important points. The first is the demise of labor unions and the…
Costly Regulations Will Reduce Your Retirement Options
(By – Logan Albright, www.theblaze.com) The Department of Labor is pushing a new regulation that will limit consumer choice when it comes to retirement savings, and like everything the government does, it’s going to wind up costing you a lot of money. The…
SSA Promotes Ticket to Work for People with Disabilities…
(Source – www.eri-wi.org) At the end of April 2015, Social Security began mailing letters to beneficiaries who qualify for the Ticket to Work program. Social Security expects to mail up to 60,000 paper Tickets every month to beneficiaries who became entitled the…
Retirement Confidence Dips; Workers Not Counting on Social Security
(Source – www.thinkadvisor.com) Two-thirds of American workers are still trying to recover from the recession that began in December 2007 and ended in June 2009, according to a report released Thursday by Transamerica Center for Retirement Studies. On a more optimistic note,…
Gay Couples Are Eligible for Social Security Benefits, U.S. Decides
(By – TARA SIEGEL BERNARD, www.nytimes.com) Same-sex married couples who were living in states that did not recognize their unions and who previously filed claims for Social Security benefits will be able to collect those payments, the government said on Thursday. The…
COLA Increase in 2016 Appears Less Likely
(By – Ralph Smith, www.fedsmith.com) As we edge closer to October, when federal retirees and Social Security recipients learn how much their COLA will actually be in 2016, the answer to whether there will be a COLA increase in 2016 becomes…