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Sen. Sanders’ Bold Plan to Expand Social Security
Last week U.S. Sen. Bernie Sanders (I-Vermont) introduced the Social Security Expansion Act, a thoughtful plan to both ensure greater retirement security for today’s workers and retirees and strengthen Social Security’s finances over the long term…. Retirement Income Crisis Calls…
How to Plan for Health Costs in Retirement
Some services – like doctor visits and prescription drugs – are more predictable and easier to forecast If you’re trying to budget for health care in later life, think about expenses in terms of “recurring” and “nonrecurring” services. That’s the…
Your Retirement Fund: Smart Ways to Withdraw
Last year I reached a milestone age: 59½, old enough to withdraw money from my individual retirement accounts with no penalty. While this felt bittersweet, it did remind me of the importance of timing when it comes to taking money…
Spending in Retirement: From Nest Egg to Income
Most people prefer a known monthly payment to the complex decision of investing a lump sum to cover their financial needs during retirement. Income versus a nest egg is conceptually more closely tied to what most of us are ultimately…
A Guide to Not Retiring
Some people nearing retirement age simply don’t want to leave their jobs. But defying expectations can be difficult—in the office and at home. It’s an inescapable reality of getting older: At some point, everybody expects you to retire. There’s your spouse,…
Social Security Trust Fund is Anything but Trustworthy: Former Official
According to a former top government official, your retirement could be at risk, and the escalating costs of Social Security, public pensions and health care are the primary reasons why. The Social Security Administration itself confirms as much, recently warning that…
The Medicare Number That Should Shock You the Most
Healthcare is one of the most unpredictable expenses you’ll face after you retire, and Medicare coverage is the primary way that tens of millions of Americans protect themselves from the potential financial catastrophe that an unanticipated illness or injury would…
These Disruptions Are Huge Threats to Your Retirement
Last year I reached a milestone age: 59½, old enough to withdraw money from my individual retirement accounts with no penalty. While this felt bittersweet, it did remind me of the importance of timing when it comes to taking money…
What’s the Ideal Age to Take Social Security Benefits?
Millions of Americans rely on Social Security to make ends meet in retirement. But the decision of when you take Social Security has huge implications for how much you’ll receive every month, and therefore on your standard of living in…
Social Security to Expand Field Office Hours Nationwide
Social Security announces that effective March 16, 2015, as a result of Congress’ approval of the fiscal year 2015 budget, the agency will expand its hours nationwide and offices will be open to the public for an additional hour on…