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Are you on track for retirement?
Are you on track financially for retirement? If not, you are not alone. According to a recent survey by Prudential, only 1 in 5 people 55 years old have the recommended eight times their salary in their retirement accounts. Aimee…
Why take the risk?
You can start receiving your Social Security benefits as early as age 62; however, if you start receiving benefits early, your benefits are reduced a small percent for each month before your full retirement age. That small percentage could add…
Social Security Updates Occupations List Used in Disability Evaluation Process
The Social Security Administration announced it has updated the occupations list used in the disability evaluation process. “It makes sense to identify occupations that now exist in very limited numbers in the national economy,” said Martin O’Malley, Commissioner of Social…
Medicare’s hospital-at-home program
You may have heard of the “hospital-at-home program,” but do you know what it means? Hospital-at-home enables some patients who need acute-level care to receive care in their homes rather than in a hospital. The Centers for Medicare & Medicaid…
Generation X is particularly nervous about retirement finances
As the first Generation X members near retirement age, they have become concerned about retirement finances. Although the older generations had pension plans, Generation X workers were the first generation of workers to have 401(k)s as their financial savings tool…
Social Security is facing a cash shortage
The Transamerica Center for Retirement Studies recently reported that 88 percent of baby boomers expect to rely on Social Security in retirement. However, Social Security will be insolvent in just 11 years, forcing benefits to be cut by nearly 17…
Do These 3 Things to Avoid Having to Live only on Social Security
Maurie Backman notes it’s not unheard of to reach your 60s with no retirement savings. But for those on the cusp of wrapping up their careers, living on Social Security alone could happen, though it’s difficult to do. Backman offers a few…
ETFs can complement Social Security. Buy these 9 now and hold.
As Selena Maranjian notes, the answer to how much money you’ll need to retire with is a dicey one, as factors such as expected longevity, household expenses and general cost of living, and whether we have income sources lined up besides Social Security…
Top Reasons for Claiming Social Security at 70
Kailey Hagen admits it right off the bat in this piece. Waiting to claim until 70 means many fewer Social Security checks. But, those who wait will get a far higher amount, and that amount is for the rest of…
Retirement & Social Security– What does Gen Z think?
For those born 1997 to 2012 and now aged 12-27, retirement is so far away. But Generation Z, as they are called, can count on Social Security to offer something, even with its financial woes. Still, it replaces a mere…