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Social Security: Key Strategies for Protecting Post-Retirement Income
Recent surveys tell us that working during one’s post-career years is the new expectation for most retirees. In a Merrill Lynch/Age Wave poll conducted last year, three in four pre-retirees (workers aged 50 years and up) responded that some element of…
Social Security will barely cover your health costs
If you need a reminder that Medicare covers only a portion of retiree medical expenses, check out this report. Released Wednesday by HealthView Services, Inc., a Danvers, Mass. company that provides retirement health care cost data and tools to financial advisers,…
Congress moving on long-sought legislation to thwart cyberattacks
The House Intelligence Committee introduced bipartisan legislation Tuesday to grant legal immunity to firms that pass cyberthreat data to the government, as lawmakers expressed cautious optimism that there is finally enough support to pass a bill that the president will…
Kennerly: Sharing bad info does none of us any good
A woman I think a lot of forwarded an email she thought I should mention. Full of mystifying math, it’s titled “Who died before they collected Social Security?” It questions what happens to funds paid by people who died before collecting.…
Retirement Security In Five Strategic Steps
While the process of planning for your retirement may seem daunting, National Retirement Planning Week® 2015—taking place from April 13–17—may be the opportunity you need to get back on track. Experts from the National Retirement Planning Coalition, which organizes the…
Gaming Social Security
Few, if any, articles on Social Security discuss “Adverse Selection”, and the associated havoc that it can play on projections for the system’s future. Another name for “Adverse Selection” is gaming the system. Whatever you call it, the concept is…
Fix the debt to protect the middle class
In Washington, Republicans and Democrats are fighting to convince American citizens they are champions of the middle class. Yet both parties shy away from the issue that most impacts the middle class: the national debt. Talking about the debt requires honest, substantive…
Top 3 Reasons to Talk to Your Spouse About Social Security
Think your Social Security decisions are a personal matter? Think again. When approaching retirement age, it’s a good idea for married couples to work together to plan a Social Security strategy (or better yet, start even earlier!). Here’s why: Read more……
Lifetime retiree health care cost projections up 6.5%
Retiree health care costs continue to rise at a faster pace than general inflation and annual cost-of-living adjustments for Social Security benefits. As a result, retirees will spend increasingly larger portions of their retirement benefits to pay for health care…
Employees lack knowledge to optimize Social Security benefits
As American workers are increasingly looking to a new range of employer-sponsored retirement products to help guarantee some securely funded golden years, they may be missing out on the advantages of a system they’ve paid into their entire working lives. John…