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Is there a “Retirement Crisis?” Well, it probably depends on who you ask.
A recent survey published by Prudential Financial suggests that well over hLF–58%, to be exact–appear convinced that the U.S. is in the midst of a crisis of some sort. But, is that really the case, or is it just that…
Understanding How Age At Filing Impacts Benefit Levels
Getting the highest Social Security benefit possible is generally only a dream for most workers. It requires a long career in a high-paying job, along with deferring benefits all the way to age 70 to take advantage of delayed retirement…
“Earnings Sharing”…An Item Considered, but Perhaps Not Practical Under Current Social Security Rules
Social Security expert Tom Margenau, in a post on dallasnews.com, responds to a suggestion from a reader that there needs to be a better way for Social Security to compensate, in retirement, homemakers for their time outside the workforce. In…
Thoughts on Stretching Your Monthly Social Security Benefit
It’s tough these days for many retirees to make ends meet comfortably, and those dependent on Social Security feel that pain more acutely. Even though the rate of inflation seems to be easing, it’s clear that the price levels reached…
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…