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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…
House Republicans want Medicare to embrace physician-owned hospitals
(By Virgil Dickson, Modern Healthcare) GOP lawmakers are pushing to ease the tight restrictions on physician-owned hospitals imposed by the 2010 healthcare reform law, arguing that the rules are shutting down a valuable source of competition. “What are the impacts—pro…
Social Security: Check out a new, improved online appeals process
(Source – Social Security Administration, via www.publicopiniononline.com) Social Security listened to customer feedback and made the online appeals process even better. Now, people who disagree with our disability decision can complete their appeal using our improved online appeals process. More than 90,000 people…
How to test run your retirement
(Source – theweek.com) From a distance, retirement might seem “like a slice of heaven,” said Pamela Sams at Market Watch. But transitioning into your golden years comes with its share of challenges. “The longer you prepare, the easier it will be…
Social Security: 4 Filing Pitfalls
(Source – Morningstar) Social Security claiming strategies can be devilishly complicated. Morningstar director of personal finance Christine Benz recently interviewed Phil Moeller about some of the frequent mistakes that investors make in Social Security claiming. Moeller is the co-author of…
How to instill corporate America with the values of a family-owned business
(By – Jeff Spross, www.theweek.com) Family-owned businesses — especially the big corporate ones — occupy an interesting place in Americans’ economic thinking. One the one hand, there’s something creepily dynastic about them. In theory, a company opening up ownership of its shares…