Latest News
Six-figure pensions inspire PennLive commenters to sharpen the guillotine
(Source – Kari Larsen, PennLive.com) Even with reform in progress, Pennsylvania state pensions still face the daunting obstacle of being the second-most underfunded in the U.S. And that crisis notwithstanding, several public employees in Pennsylvania collect mammoth monthly pension benefits that amount to $100,000 or more…
Social Security forecasts ‘systemically biased’ to upside: study
(Source – MarketWatch.com A new report asserts that forecasting errors within the Social Security Administration, tied primarily to life-expectancy data, have significantly overstated the financial health of the benefits program. The study, in the current issue of the Journal of Economic…
What Should We Do About the Social Security Problem?
(Source – www.clarkhoward.com) We’re still in the early innings of the 2016 presidential race. Yet there’s already a lot of talk about Social Security. How we going to pay for it down the road? With our aging population, we’re facing a situation…
How Boomers Can Avoid Going Bust in Retirement
(Source – U.S. News & World Report) “Take a deep breath.” “It’s never too late.” “Get some professional help.” While those snippets are indeed culled from experts, they’re not therapists – though you might need one while facing the panicky…
ACCURACY OF MORTALITY PROJECTIONS IN TRUSTEES REPORTS
(Source – Social Security Administration) Making accurate projections of future experience is always challenging. Even with the best-known methods, conditions that determine experience and trends can change in ways that are impossible to anticipate. In addition, experience can fluctuate markedly…
How to Retire Well and Get the Most From Social Security
(Source – FutureAdvisor.com) While you shouldn’t center your retirement around Social Security payments, don’t entirely discount them either. Social Security payments alone won’t afford you a life of luxury, but you should at least factor them into your retirement planning. Most Americans…
Look through this ‘LENS’ when making Social Security decisions
(Source – The Prairie Star) Your Social Security benefits can be an important part of your retirement income strategy. But when should you start taking these payments? You can begin accepting Social Security as early as 62, but your monthly checks will…
Reed Calls for Reform as Social Security Indicates 6.5 Million Living Above Age of 112 when Only 14 Individuals in US Reach that Age
Today, Tom Reed announced the upcoming introduction of legislation which would help improve the integrity of government data and help prevent fraud, waste and abuse. The Standard Data Act would establish consistent requirements for data formatting and content used by…
Rand Paul: Advocates for the Disabled Should Help Brainstorm Ways to Cut Social Security Spending
Every election cycle, candidates who want to burnish their fiscal hawk credentials warn that entitlements are going to run out of money. This election cycle is different: The Social Security disability trust fund really is in danger of running low before it’s over.…
How much money do you need for retirement?
How much money do you need to save for retirement? While it’s a very simple question, the response is complicated, because there are so many variables that can shape the answer-sometimes dramatically. Additionally, there is specific retirement planning for all…