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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.…
Coping with Caregiver Costs
More Americans are facing rising caregiver costs. The financial challenge of caring for an aging parent can also create caregiver stress. Don’t allow caring for an aging parent or spouse to become a crisis. Nearly 10 million adults over the age…
Sen. Bernie Sanders: ‘When People Tell You Social Security Is Going Broke,’ Tell Them They’re Lying
“When people tell you Social Security is going broke, you look them in the eye and tell them they’re not telling you the truth,” said Sen. Bernie Sanders (I-Vt.) at an event on Capitol Hill in Washington, D.C., on Thursday…
Smart Moves: Moving and shaking in Retirement
Over the next 10 years, the number of U.S. households led by someone 65 or older will increase by nearly 11 million. And a surprising number of those older people could soon move to larger, rather than smaller, homes….Age Wave…