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Optimism about reaching your retirement goals
Have Americans turned the corner in their confidence that they will be able to meet their retirement goals? The latest survey from the Nationwide Retirement Institute found that 65 percent of workers say they “are on the right track when…
Medicare Open Enrollment is just around the corner
The annual Medicare Open Enrollment is right around the corner. The open enrollment period runs from October 15th to December 7th each year, when people with Medicare can review features of their Medicare plans offered and make changes to their…
Does your state tax retirement income?
Do you know if your state taxes your Social Security benefit and retirement income? Yes, some states do not tax your Social Security income, and some states do, but it is a modest amount. So, what about other forms of…
You may not want to wait until 70
You can start your retirement benefit at any point from age 62 up until age 70. Your benefit will be higher the longer you delay your start date. Although starting your benefits at age 70 will maximize your monthly income,…
Option for Increasing Social Security Revenue
Senator Ron Wyden says imposing Social Security tax on wealthy incomes above the current limit is the way to fund Social Security until the end of the century. Jake Johnson for Common Dreams explains here… Similar to many consulting organizations,…
An Open Discussion about Aging in America
Alessandra Malito for Market Watch has a frank discussion about retirement in America and Social Security’s part in it. What can people do at any age to prepare for retirement? Read here… Similar to many consulting organizations, the Association of…
Repercussions of a Social Security Benefits Cut
If Social Security”s insolvency issue is not resolved benefits will be cut by 21% in 2033. What does this mean for retirees living on Social Security and also others who count on Social Security as part of their retirement planning?…
Retirement Planning
Let’s explore how long $750,000 in savings plus Social Security will last. Read the numbers crunched by Donna LeValley for Kiplinger here… The link provided above connects readers to the full content of the posted article. The URL (internet address) for…
Some Agreement on Social Security Fixes
A new poll shows that a majority of Americans agree on some potential resoltuions for Social Security insolvency. Some common areas include charging Social Security tax on higher earners and gradually raising the Full Retirement Age. Andrew Dorn for NewsNation…
No One Knows when They are going to Die
That’s what makes when to take Social Security a difficult decision. If we only had this bit of information it would be a lot simpler. For example, the situation in this article by Jordan Rosenfeld for GoBanking Rates shows us…