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Why Most People Can’t Even Guess What Their Social Security Benefits Will Be
(By – Andrew Biggs, Forbes Contributor) The Center for Retirement Research at Boston College released a nice paper by Steven Sass looking at whether the Social Security Statement improved Americans’ knowledge of the benefits they’ll receive once they retire. Since…
Identity-theft protection firm LifeLock again facing charges from FTC
(By – Edward Moyer, www.cnet.com) LifeLock — the security company that famously touted its identity-theft protection services by flaunting its CEO’s Social Security number in ads (only to then see his identity stolen) — is again feeling the heat from the Federal…
Social Security spousal benefits: 5 shocking facts you should know
(By – Dan Caplinger) Millions of workers expect to enjoy Social Security benefits after they retire. Yet Social Security also provides benefits to the spouses of many of those workers, and for millions of families, Social Security spousal benefits make a…
Time to end 401(k) matches?
(By – Jennie L. Phipps, www.bankrate.com) For dedicated retirement savers, a healthy employer match seems like a great thing, providing a guaranteed return on savings even when interest rates and stock prices fall. But some academics are looking at the deal and…
5 Best Tips to Save $1 Million for Retirement
(By – Barry Glassman, Forbes Contributor) Everyone knows that they need to save for retirement especially with company pensions becoming extinct over the next generation. At some point, you’re going to stop working and will have to live on whatever you have…
How Do Social Security Disability Benefits Affect Child Support?
By – Jessica C. Diamond, via www.mondaq.com) If your former spouse is receiving Social Security Disability (SSD) benefits and is the payor of child support, it is important to know that your child is also eligible for certain benefits – known as SSD Dependency…
Deck stacked against women
(By – Jennie L. Phipps, www.bankrate.com) Women have a tougher time in retirement than men. Some 19 percent of women age 65 and older are living alone and in poverty, according to a report released last week by Sen. Patty Murray, D-Washington, ranking…
Senate Eyes Social Security ‘Fugitives’ To Pay For Highways
(By – Laura Barron-Lopez, Arthur Delaney, Huffington Post) With 11 days left before federal funding runs out for the nation’s highways, bridges and roads, lawmakers are rushing to find a way to pay for an extension. One potential fix: slash Social Security…
Obama’s Plan to Subject Social Security Recipients to Gun Background Checks is Already Drawing Fire
(By – MIKE MILLER, www.ijreview.com) As part of its ongoing effort to seek tighter gun-control laws, the Obama administration wants to ban Social Security recipients from owning firearms if they “lack the mental capacity” to manage their own affairs. Under the plan, Social…
Families face tough decisions as cost of elder care soars
(By – MATTHEW CRAFT, AP Business Writer) Doris Ranzman had followed the expert advice, planning ahead in case she wound up unable to care for herself one day. But when a nursing-home bill tops $14,000 a month, the best-laid plans get…