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Rand Paul Believes We Must Fix Social Security and Save it For Younger Generations
Combined with years of wasteful spending by decades of career politicians in Washington, the Social Security trust fund has been left in a fragile condition. Millions of Americans depend on Social Security and if we are to keep our promises to…
Tax On Social Security May Come As Surprise
The requirement to pay income tax on Social Security benefits comes as a surprise to many retirees, according to Frank Jaffe, an advisor with Access Wealth Planning in Roseland, N.J. Financial advisors need to know this and be prepared to warn…
Health costs loom large for retirees; understanding them is the first step in protecting yourself
What’s your biggest fear? Death? Heights? Clowns? If you’re near retirement, health care expenses are probably near the top of your list — perhaps right between sharks and one of the kids moving back in. Read more… Notice: The…
6 Reasons To Consider Buying Longevity Insurance
Over the last few years, annuities have begun to take a more prominent role in the retirement income planning process and part of the reason is longevity risk. According to retirement expert Tom Hegna, CLU®, ChFC®, CASL®, author of Pay…
The Fiscal Future I: The Hyperbolic Case for Bigger Government
Brad DeLong has posted a draft statement on fiscal policy for the IMF conference on “rethinking macroeconomics” — and I’m shocked, in a good way. As regular readers may have noticed, Brad and I share many views, so I expected…
Social Security Column: Social Security Can Jazz Up Retirement Plan
April is Jazz Appreciation Month, a perfect time to move your feet and revel in the smooth beats of one of America’s most beloved musical genres. Ella Fitzgerald, the “Queen of Jazz,” known for her scatting style, had a vocal range…
What 5 states may do about retiree tax breaks
Do America’s retirees need more tax breaks? Some politicians at the state level clearly think so. According to a report from the Citizens for Tax Justice, a non-profit that lobbies for tax policy on behalf of middle and lower-income Americans, plans…
Fun Fact: Federal employees own $1 trillion of U.S. debt
If federal employees were a foreign country they would rank only behind China and Japan as holders of U.S. Treasury securities, according to federal data. The Civil Service Retirement System and the Federal Employee Retirement System hold a combined 837 billion…
Retirement: The payoffs of an active lifestyle
Some people are planning ahead for their physical fitness in retirement just like they plan for their financial fitness, says one of the country’s top national diet and exercise experts. And that’s as it should be, he says. If you start…
5 Hardest Things About Retirement That You Aren’t Expecting
If you love your job, retirement can be more difficult than you might expect. Sure, hanging out on the golf course, traveling and sleeping in all sound great, but for many people the transition from corporate culture to a life…