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To get a bigger bang for your Social Security buck, just wait
For many millions of people, Social Security benefits will be their only source of income after they stop working. And with the inexorable decline of private defined-benefit pensions in America, Social Security’s guaranteed income will only become more important in…
Is the US headed for a Humpty Dumpty fall?
As a nation we just reached another alarming milestone, that being amassing $18 trillion of national debt. Most American’s cannot grasp the magnitude of 18 trillion, so maybe this illustration will help. If we spent a million dollars a day,…
Hatch, Lee in thick of Senate commotion
Their power ebbing, Senate Democrats launched a last-minute drive Saturday to confirm roughly 20 of President Barack Obama’s nominees, and several Republicans blamed tea partyer Ted Cruz for creating an opening for the outgoing majority party to exploit. The weekend…
Six ways to safely spend more in retirement
Retirees are being nervous Nellies with their nest eggs. Yes, retirees are withdrawing money from their retirement accounts at a very slow rate or not at all, according to researchers at Texas Tech University’s Personal Financial Planning Department. And by…
GOP could bring back dollar-for-dollar cuts
Rep. Tom Price (R-Ga.) on Friday said it would be “wise” for Republicans to follow a rule next year that would require any hike to the debt ceiling to be matched by equivalent spending cuts. Known as the Boehner Rule,…
To prosper, Maine must attract workers, young people
Maine prides itself on its rugged individualism. The state, however, is much more dependent on payments from the federal government than most others, which could spell trouble as the state works to improve its economy. The crux of the problem,…
Early retirement eligibility narrowed for officers
Officers debating seeking early retirement from the Marine Corps may want to decide soon depending on their military occupational specialty. Officials with the Marines’ Manpower Plans and Policy Division shortened the list of 26 specialties eligible under the Temporary Early…
When is Social Security Taxable?
According to a recent article in USA Today, more than 59 million Americans will receive a total of over $860 billion in Social Security benefits by the end of this year. And since most people see FICA taxes removed from…
The Hopes, Fears and Reality of Retirement
Nearly one in two Americans retire earlier than expected, yet retirees overwhelmingly report that they are enjoying themselves and discovering that pre-retirement fears of boredom, financial insecurity and lacking purpose are largely unfounded, according to a new study released today…
What you should know about Social Security and divorce
When couples are embroiled in the midst of the heartache, frustration and anger inherent in most divorces, they rarely consider how that breakup will impact Social Security benefits for one or both spouses. That could be a critical oversight, because…