Latest News
New 2016 Social Security COLA Estimates Are In
(Source – disabilityand.me) New estimates are in for the Cost of Living Adjustment (often referred to as COLA Increase) for 2016 Social Security Recipients and it does not look good. This morning the Department of Labor produced the CPI-W for the…
Social Security and the divorced
(By – Laura Medigovich) A client recently asked me about spousal benefits. Most of us know husbands and wives are entitled to collect Social Security benefits on their spouses’ work record. But did you know that this benefit often applies to…
Medicare’s Biggest Flaw Could Have a Simple Solution
(By – Dan Caplinger) Even with Medicare coverage, you can still end up spending a lot of cash out of your wallet. Image source: Medicare.gov. Tens of millions of Americans 65 and older count on Medicare coverage to pay for the…
Social Security Disability Insurance: A Lifeline for Millions of American Workers and Their Families
(By – Jeff Zients and Shaun Donovan, www.whitehouse.gov) The Social Security Disability Insurance (SSDI) program is a vital lifeline for millions of American workers and their families. It is a critical component of our nation’s Social Security system, which provides insurance to…
Why do you NEED my Social Security number?
(Source – www.clarkinsurance.com) Let’s start with a fact: In a 2009 study by Javelin Strategy & Research, 38 percent of identity theft victims said “the perpetrator had obtained their Social Security number and used it in the crime.” Identity thieves are…
Will Hillary Hike Social Security Taxes By $2 Trillion?
(By – JED GRAHAM, INVESTOR’S BUSINESS DAILY) Hillary Clinton for the first time has committed herself to not just “defending” but “enhancing Social Security,” aligning herself with the left wing of her party in Monday’s economic policy address. Read more… Notice:…
Misconceptions About Social Security
(Source – Center for Retirement Research, Boston College) It is the most important source of retirement income for most workers. Yet too many older Americans lack a basic understanding of certain aspects of Social Security benefits. In fairness, many people got some…
“Stretch IRAs” and other Retirement “Loopholes” Targeted
(Source – wealthmanagement.com) The federal government must be needing more money. And a lot of it. Consequently, it is targeting those who are not yet “taxpayers” (a shrinking pool, by the way), to include retirees and those who may receive an inheritance…
What If Social Security Disappeared Tomorrow?
(Source – insurancenewsnet.com) What if American citizens’ pessimistic concerns about Social Security and its viability for the future turned out to be accurate? What if tomorrow Congress got together and came to a fateful compromise? Rather than trying to increase taxes or…
Retirement Income: Planning for Pensions and Social Security
(Source – www.financial-planning.com) Having both a pension and Social Security benefits, as well as other income sources, should be a plus in retirement income planning for your clients. Unfortunately, it often can present new challenges for advisors with increasing longevity rates. And…