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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…
To get the most out of Social Security benefits, plan ahead
(By – Jean Chatzky, TODAY) According to a report from researchers at Harvard and Dartmouth Universities, the Social Security Administration has been overestimating revenue and underestimating costs over the last decade and a half — to the tune of $1 trillion. That’s…
How to Choose the Social Security Claiming Age That’s Right for You
(By – Philip Moeller, Time.com/Money) Retirement experts have been pounding the drums for years about deferring Social Security benefits and allowing them to grow until claimed at age 66 or even as late as 70. Yet average retirement ages have moved…
Editorial: Saving for Retirement
(Source – www.vnews.com) America’s middle-class workers have plenty to worry about — but for many, the biggest anxiety is what happens when they are workers no longer. Many will reach retirement only to find they have saved too little to live…
New Reverse Mortgage Rules Open Door To A More Secure Retirement
(By – Jamie Hopkins, Forbes Contributor) In April 2015, new rules have been implemented to help prevent previous miscues often associated with reverse mortgages. While it remains true that entering into a reverse mortgage is not a suitable financial decision…
H.R. 2359, Disability FRAUD Prevention Act
(Source – waysandmeans.house.gov) H.R. 2359, the “Disability Fraud Reduction And Unethical Deception (FRAUD) Prevention Act,” updates and expands the Social Security Administration’s tools to deter and punish fraudsters who cheat the system. This legislation imposes appropriate civil monetary penalties and felony…
The Biggest Family Secret… Money
(By – Neale Godfrey, Forbes Contributor) How much should you talk about family finances in front of the kids? How much should they know about the family’s overall financial health? Perhaps more than you think. If you argue at all about money…
The 7 Biggest Financial Challenges Senior Citizens Are Facing in Retirement
(By – Sean Williams) Retirement is supposed to be a period of joy for senior citizens where they’re able to travel, reflect, and sometimes just put their feet up if they choose to do so. Unfortunately, far too many senior…