Latest News
Dealing With the NPD Data Breach
The airwaves are alight with news accounts of the National Public Data incident in which an “estimated 3 billion personal records of people and include your name, email address, phone number, Social Security number and mailing addresses” may have been…
Do you need all those things in retirement?
As you are planning the next stage of your life, you need to take stock of your possessions to make sure what you have is necessary for the next phase of your life. Joseph Eck, CFP, advises his clients to…
What happened with the USDoD hack
Around April 2024, the hacker group USDoD illegally obtained the unencrypted personal information of billions of individuals from the National Public Data. Earlier stories of this breach had the number of individuals’ records at 2.9 billion; however, after further research…
The trend of unretiring
American retirees are returning to the workforce. The fastest-growing age group in the workforce is workers over 75, according to the Pew Research Center. Why? Some cite longevity, socialization, and inflation as factors for returning to the workforce. So, are…
Is it true that Americans have undersaved for retirement, Part 2
Attached is the link to the second part of Nevin E Adams’s report on Andrew Biggs’s new white paper titled “America’s ‘Retirement Crisis’: The Emperor Has No Clothes.” Read Mr. Adams’ part two here… Notice: The link provided above connects readers to…
Is it true that Americans have undersaved for retirement, Part 1
“What if the entire retirement crisis narrative playing out in opinion polls, the government and the media was a massive case of confirmation bias?” That is the position Andrew Biggs, a senior fellow at the American Enterprise Institute (AEI), explores…
The latest COLA estimate
The Social Security Administration typically announces the COLA for the following year in October; however, that has not stopped financial and Social Security experts from weighing in on the percentage for 2025. The government released July’s Consumer Price Index for…
Happy 89th birthday, Social Security
Happy 89th birthday, Social Security. On August 14, 1935, the Social Security Act established a system of old-age benefits for workers, unemployment insurance, and aid for dependent mothers and children, persons who are blind, and persons with disabilities. Social Security…
How many Americans will rely solely on Social Security
Will Social Security alone provide you with enough income in your retirement? In a recently released report from NerdWallet, 30 percent of Americans said their Social Security benefits will provide enough money to live on during retirement. Alessandra Malito asks:…
The threat of ID theft
The cyber-hacking group USDoD claimed to have stolen the personal records of 2.9 billion people from National Public Data. The National Public Data offers personal information to employers, private investigators, staffing agencies, and others doing background checks. If you are…