Latest News
Retirement Savings Plans–Automatic Enrollment Favored
Passage of the SECURE 2.0 Act of 2022 last December appears to have ushered in a new wave of interest in automatic enrollment in employer-sponsored retirement savings plans, according to the 10th annual American Century® Retirement Study. As noted in a…
Understanding Medicare and Medicare Advantage
Seniors approaching–or, already at–Medicare eligibility are often bombarded by ads, promotions, “advice,” and general conversation about the differences between Original Medicare and Medicare Advantage plans. It happens every year at Annual Enrollment time, causing many senors to wonder what their…
Social Security’s Place in Your Retirement Strategy
It’s no secret that a retirement financial plan calling for total reliance on Social Security is doomed to present continuous struggles. In fact, as noted in the previous article posted in our “Latest News” section (click here), the average monthly…
Living on Social Security–It Can Be a Challenge!
For seniors needing to exist on just Social Security, life can be pretty challenging. Yes, that’s a pretty significant understatement. Yahoo Finance contributor Vance Cariaga, in a post today on finance.yahoo.com presents an analysis of just how severe those challenges…
Testing Your Readiness to Claim Social Security Benefits
Anyone who has taken a look at Social Security or is trying to determine whether they’re ready to file knows full well that it’s kind of a tricky decision point. Unless you’re age 70, at which point continued deferral would…
The Debt Ceiling: Implications That Go Beyond Social Security
As indicated in today’s Headline post, the potential for Social Security benefits to be impacted by a U.S. government default is an item of considerable discussion these days. And while that’s certainly a critical possibility, it’s chilling to consider the…
Deja Vu All Over Again With Respect to Retirement Sentiment
The “Great Recession” of a decade and a half ago produced a chilling effect on many folks’ retirement thinking, with many market-based savings plans–401ks in particular–taking a brutal hammering. If you were already in retirement, or at the threshold of…
Underscoring the Purpose of Social Security
In a post today on morningstar.com, financial journalist Mark Miller sets forth “A beginner’s guide to understanding and maximizing Social Security benefits.” But it’s more than that…Miller’s article delves into the program’s progressive design, highlighting its long-term role in addressing…
Retirement and 529 Plans…A New Feature That Can Help Beneficiaries’ Retirement Planning
When the SECURE Act 2.0 was passed into law last December, it brought with it a new option for plan owners that can help them provide for retirement security for their intended beneficiary. As reported in a post by Ameriprise…
Reasons to Check Your SSA Annual Statement
Verifying the information included on your annual Social Security statement is an important thing to do, and can save you a lot of difficulty later in the event there are mistakes or omissions in the information contained in the statement. For…