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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…
Sanders Wants to Increase Taxes to Bolster Social Security
Sen. Bernie Sanders (I-Vt.) has introduced legislation to bolster Social Security by increasing taxes on higher earners. The Social Security Expansion Act would subject all income over $250,000 to the payroll tax. The tax is currently capped at $118,500. It would…
It’s Never Too Early: When to Start Saving for Retirement Read
Despite uncertainty in a still tough economic climate, Gen Y is optimistic about having a financially secured retirement life. Millennials joined the job market when the economy is shaky and unemployment is on a high. As if that’s not enough,…
How Inequality is Worsening the Retirement Crisis
The gap between the top 1 percent of American earners and everyone else will play out for years to come, thanks to its impact on retirement savings. Income inequality is wreaking havoc with the ability for low- and middle-wage earners to…
The Importance of Social Security to Our Retirements Can’t Be Overstated
The folks at the Employee Benefit Research Institute, or EBRI, are real party poopers, frequently releasing depressing data about how millions of Americans are underprepared for retirement. Those statistics serve a useful purpose, though, encouraging Americans to make constructive changes.…