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Fiscal train wreck
Tackle America’s retirement problem, or risk the rise of the Islamic State. That stark choice is the direst consequence of Washington’s fiscal mess, sketched by Bruce Josten, top lobbyist at the U.S. Chamber of Commerce. For several years, Josten has pressed the…
5 Reasons Millennials May Struggle to Retire on Their Own Terms
The Great Recession certainly did a number on Baby Boomers. With the market hitting new highs in 2007, right when baby boomers were getting ready to hang up their coats and gloves for good, the floor fell out from underneath…
EXPERTS: SOCIAL SECURITY FORECASTS MISCALCULATED BY OVER $1 TRILLION
According to new data compiled by researchers from Harvard and Dartmouth universities, the Social Security Administration’s actuarial projections over the last 15 years have been overly optimistic about the health of the program’s trust funds and missed the mark by over…
Making the nest egg last
Just one in five retirement-age Americans is able to pass a basic test on how to make a nest egg last through retirement, if the results of a recent survey are any indication. For example, the “4 percent rule” – considered…
3 Smart Ways to Get Bigger Social Security Benefits
Maximizing the size of your Social Security benefits can spell the difference between a comfortable retirement and one spent scrimping and saving just to get by. Given how important Social Security is to millions of retirees’ financial security, here are…
Best Steps to Plan for Health Costs in Retirement
There is great concern among pre-retirees regarding the scope and cost of their health care during their retirement years. Anxiety leads to action, so as we consider the convergence of health care and financial planning, let’s take a look at…
Look Out! Social security worsens and here is the reason!
The Social Security Administration estimates that its trust stocks will be consumed by 2033. To make matters worse, it may be even darker than that. “These biases are getting bigger and they are substantial,” said Gary King, “Social Security is going…
Americans struggle to sock away retirement savings
Retirement planning is complicated for Americans of all age groups. In their early lives, many workers put off saving because they think retirement is eons away … then, in their 40s and 50s, these folks panic and race to catch…
Social Security and You: Disability is ‘real’ Social Security
The following series of questions and answers addresses the subject of Social Security Disability, with an objective of clearing up some of the more common misconceptions about Disability vs. regular Social Security. The comments focus on defining where Disability fits in the…
Trump: Huckabee Can’t Protect Entitlements Like I Can
New York real estate mogul Donald Trump said Thursday that former Arkansas Gov. Mike Huckabee (R) could not prevent funding cuts to entitlement programs if elected president in 2016. “Huckabee is a nice guy but will never be able to bring…