Latest News
Who should care for seniors? Depends where you live
(Source – www.cbsnews.com) With Western countries increasing dealing with aging societies, the answer to who should be responsible for seniors’ economic well-being may simply depend on where you live. Americans largely believe that the responsibility for the economic well-being for people in…
A promising trend in taking Social Security benefits
(By – Alicia H. Munnell and Anqi Chen, Center for Retirement Research at Boston College) With lower Social Security replacement rates, vanishing traditional pensions, and longer lifespans, many people will need to work longer to ensure a secure retirement. Working longer…
ACA requires insurers to collect Social Security numbers
(Source – news.aetna.com) Is your health plan asking you to give your Social Security number? There is a reason for that. Beginning this year, health plans have to send the Internal Revenue Service (IRS) information about health plan members and their insurance…
Retirees wait longer to claim Social Security benefits
(By – Tom Anderson, CNBC) More people are waiting longer to retire, and that’s affecting when they claim Social Security benefits. While more than a third of workers still claim Social Security retirement benefits when they turn 62, the earliest age possible,…
Expand Social Security to protect retirees
(By – Robert B. Reich, via chicago.suntimes.com) America is on the cusp of a retirement crisis. Millions of Americans are already in danger of not being able to maintain their standard of living in retirement, and the problem is getting worse. You hear…
Avoid these dumb retirement savings mistakes
(By – Anna Robaton, special to CNBC.com) Back when many American workers could count on company-run pension plans, preparing for retirement was something of a no-brainer. Now that many of us are calling the shots when it comes to saving and…
Experts See Social Security Reform as Critical Step Towards Retirement Security
(Source – (concordcoalition.org) At a forum last week on Capitol Hill hosted by The Concord Coalition and the Bipartisan Policy Center (BPC), experts from across the political spectrum shared their thoughts about retirement security in America. While several different policy…
Compare Your Net Worth to the Average American’s
(By – Todd Campbell, via time.com/money) It may not be the best way to evaluate your accomplishments, but knowing how your financial situation stacks up against your peers can offer up valuable insight that allows you to make changes to shore up…
Social Security’s $12.4 million error
(By – Mary Beth Franklin, InvestmentNews.com) With more than 2,700 rules governing Social Security benefits, it’s amazing that monthly payments to 59 million beneficiaries — including retired and disabled workers, their spouses, dependent children and survivors — go as smoothly as…
Good news on retirement trends
(Source – www.marketwatch.com) With lower Social Security replacement rates, vanishing traditional pensions, and longer lifespans, people need to work longer to ensure a secure retirement. Working longer directly increases current income; it avoids the actuarial reduction in Social Security benefits; it…