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Baby boomers look to new strategies in saving for retirement
(By – Barbara Peters-Smith, www.heraldtribune.com) If you’re within a decade or so of your target retirement date, and you haven’t socked away anything like the million-dollar reserve that financial planners like to cite as a “comfortable” goal for a married couple,…
Colleges face growing costs from ‘reluctant retirees’
(By – Jeff Charis-Carlson, www.desmoinesregister.com) Having worked 35 years at the University of Iowa, Betsy Altmaier was absolutely “ready for a new environment” on May 15, her last day as a professor. With changes on the horizon in her field and college, Altmaier…
401(k) Or Roth IRA: Which Is Best?
(By – Larry Light, Forbes Contributor) Most Gen Yers don’t know what types of retirement accounts to start with. I break down the pros and cons of two most popular ones – 401(k) and the Roth individual retirement account –…
Ways and Means Committee Aims to Develop a “Hospital” Bill
(Source – www.hanys.org) The House Ways and Means Subcommittee on Health is holding a series of hearings to examine a range of hospital payment issues with the goal of producing a broad hospital bill later this year. Yesterday, they held a…
10 Things You Need to Know About Social Security
(By S.Z. Berg, www.dailyfinance.com) Anxiety that Social Security benefits won’t be available in retirement has inspired plenty of fear among American consumers. Amid the gloom, there is cause for slight optimism: the combined asset reserves of the Old-Age and Survivors Insurance…
The History of Social Security: How Many Times Have Benefits Been Reduced?
(By – Tia M. Lee) This week is the 2nd National my Social Security Week and it provides the perfect opportunity to take a historical look at Social Security. Social Security claiming mistakes are often made due to fear the program…
5 Facts About Social Security’s Finances
(By Emily Brandon, money.usnews.com) Social Security’s annual checkup found significant problems with the finances of the disability insurance program, which only has enough revenue to pay out promised benefits until the fourth quarter of 2016. The annual report of the Board…
7 Surprising Facts About Social Security
(By – Nilus Mattive) According to the Pew Research Center, about 10,000 baby boomers turn 65 every single day. And, amazingly, that will continue for the next 15 years! Practically speaking, this means millions upon millions of Americans are facing a critical…
Avoid These Costly Social Security Mistakes
(By – Sandra Block, www.kiplinger.com) Social Security will probably represent a big part of your retirement income. Your benefits will be adjusted annually for inflation and will last as long as you do. But getting the most out of Social Security involves more than…
Expect No Social Security Cost Of Living Increase In 2016
(Source – insurancenewsnet.com) Social Security recipients had better be ready to taste the un-COLA — not the soft drink, but a likely zero Cost of Living Adjustment (COLA) for Social Security benefits in 2016. It would mark only the third time that’s…