Latest News
7 Scams That Can Destroy Your Finances
By – Grandparents.com, via Huffington Post) Identity theft, imposter scams, charity scams, Medicare scams—the ways crooks have devised to bilk you out of your money seem endless. And the amount of money they take is staggering. In 2012 (the most recent…
Social Security’s troubles deepen
(By Gordon L. Weil, Bangor Daily News) The bad news is many Americans cannot afford to live longer. Many people do not have enough money saved or in Social Security to provide sufficient income in retirement. Of course, some are wealthy or…
Social Security Spousal Benefits 101: What You Need to Know
(Source – Bruce Helmer and Peg Webb, Brainerd Dispatch) Of all the topics we discuss on our radio show, perhaps the most popular of all is Social Security. It’s a program that is a critical source of income for many retirees…
Obama’s New Budget Plan Proposes Closing Social Security Loophole
(Source – www.npr.org) One of the best-selling books right now is about mind-numbing government rules, the rules of our Social Security system. It’s called “Get What’s Yours: The Secrets To Maxing Out Your Social Security.” David Kestenbaum with our Planet Money…
Social Security Benefits Will Be Cut In 2017
(Source – Investor’s Business Daily) No matter who wins the White House in 2016, there’s no getting around it: Social Security benefits will be cut starting in 2017. A 1983 pact between President Reagan and the Democrat-led Congress to stave off…
In Retirement Race, Who Should Quit First — You or Your Spouse?
(Source – thestreet.com) There’s a big difference in the alarm clock that rings to wake you for an early meeting at the office and one that rouses you for an early tee time on the golf course. Now imagine the first alarm…
Why Boomers’ Grim Outlook?
(Source – nasdaq.com) Why do baby boomers face such dispiriting retirement prospects? The enormous size of this age cohort, born between 1946 and 1964, led to a ratcheting back of old-age benefits. Statisticians figured society simply couldn’t afford to be as…
Eight Facts You Must Document to Obtain Federal Disability Retirement Benefits
(Source – Fedsmith.com) If you have decided to leave your federal government position with federal disability retirement benefits, you will have your work cut out for you. Before you can obtain disability retirement benefits, you must demonstrate to the Office of Personnel…
Politicians must address potential Social Security insolvency
(Source – F. Marc Ruiz Times, nwitimes.com) The financial press was abuzz this week with news and analysis related to the Social Security program. A couple of reports were circulating in the press. The Social Security Administration released its 2014 trustee’s report…
Tips for couples on managing Social Security benefits
(Source – www.fridayflyer.com) The following Money Management column is provided by the American Institute of CPAs and the California Society of CPAs. Approximately 59 million people receive Social Security benefits, according to the Social Security Administration. Were you aware that there are…