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Maintaining your income in retirement
If you are considering retirement or have already left the workforce, maintaining a steady stream of income is essential to a comfortable lifestyle. That means having enough money each month to pay your household bills with some extra dollars to…
Shining a light on a murky election-year Social Security debate
In North Carolina, a television ad attacks incumbent Democratic Senator Kay Hagan for supporting a “controversial plan” that “raises the retirement age” for Social Security. The ad comes from Crossroads GPS, the super PAC run by Republican Karl Rove. A Republican…
Brat, Trammell support raising retirement age to preserve Social Security
Dave Brat, the Republican candidate running for Eric Cantor’s former seat in the 7th Congressional District, and his Democratic opponent, Jack Trammell, don’t agree on much. But both propose raising the retirement age to ensure Social Security payouts for future…
Why Your Social Security Check May Be Smaller Than You Think
If you’re not yet receiving Social Security, the best estimate of the size of your eventual benefit check comes from creating an online account with the Social Security administration. You can create your account by following this link. However, as great as…
Were 401(k)s a conspiracy to help companies and hurt workers?
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How women are different from men, financially speaking | Wealth Management
We all know men and women are different in some fundamental ways. But is this true when it comes to financial planning? In a word, yes. In the financial world, women often find themselves in very different circumstances than their…
Report: Federal budget deficit falls to $486B
The federal government’s budget deficit has fallen to $486 billion, the smallest pool of red ink of President Barack Obama’s six-year span in office, a new report said Wednesday. The Congressional Budget Office’s latest estimate shows better results than earlier projections…
What if taxes go up and no one notices?
At the start of 2013, most American workers faced a 2 percent cut in their take-home pay, as the 2011-2012 Social Security payroll tax holiday came to an end. Conventional wisdom tells us that the public revolts when taxes go…
Throwing Catholic charities under the bus
The Supreme Court isn’t getting involved just yet, but if same-sex marriage becomes a constitutional right, then Catholic child welfare agencies go out of business. It’s already happened in California, Illinois, Massachusetts and Washington, D.C. To collect state funds, agencies had…
3 biggest risks every retirement saver should know about
People often toss around the word “risk” as if there’s only one risk we face. In reality, there are a variety of risks that you should be taking into account when it comes to investing and planning for retirement Here’s a…