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Planning Your Retirement Strategy? Take a Layered Approach
You’ve reached your goal: after years of flying, you are ready to retire. Your retirement party is looming, friends and colleagues are wishing you well. And then the uncertainty hits you. You’re off the payroll. I often am asked about the…
The Best Way to Reform Social Security
Eliminating the payroll tax is the key. Yes, really. The best way to reform Social Security is to eliminate the payroll tax. Seriously. Social Security is going bankrupt, but official Washington can’t agree on how to fix it. Payroll tax…
10 Retirement Savings Myths That Won’t Go Away
Discussing retirement savings is almost like speaking in a different language, especially if you’re unsure about your current savings plan or have little knowledge about investments. If you’re confused about the different retirement investment vehicles or don’t know how to save…
6 Reasons You Need More Money for Retirement
Here’s why your retirement nest egg should have additional funds. If your 401(k) plan is doing OK and your IRA is flushed out, you may think you’re doing pretty well for retirement, especially compared to your parents who likely saved…
Christie’s claim that Medicaid spending has grown ‘over 800 percent’ in 25 years
Overhauling long-term entitlement programs has become a major talking point for Christie, and it is expected to his centerpiece of his potential presidential campaign. Christie recently unveiled his plan to make sweeping changes to government spending and structure of entitlement programs,…
Why It Pays to Delay Social Security Benefits
There’s a flaw in the thinking that drives many people to start taking benefits early. Social security is a great insurance policy. But sometimes people mistakenly regard it as just one more investment that they should try to maximize. That kind…
The Value of Double-Checking Your Retirement Strategy
Motivational speaker Denis Waitley once remarked, “You must stick to your conviction, but be ready to abandon your assumptions.” That statement certainly applies to retirement planning. Your effort must not waver, yet you must also examine it from time to…
Survey Results: Citizens Can Face Hard Policy Choices, But Recommendations are Politically Problematics
THE group “Voice Of the People” has a novel idea: that citizens, when given ample information on major issues, are capable of reaching consensus….The Social Security trust fund is expected to go broke by 2033. After reviewing a wide range…
How to Retire on Less Than $1 Million
$1 million is a great goal for your retirement savings. Indeed, if you were to retire now with a $1 million nest egg and typical Social Security benefits, your lifestyle would be roughly in line with that of a typical…
Social Security benefits tax a burden on singles, too
The tax burden on Social Security benefits isn’t just for couples filing joint returns. It’s an equal opportunity burden — it falls on singles, too. Whatever your marital status, you are subject to the tax if you have income from sources…