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Super savers and taxes
Are you a super saver? Are you part of the one-third of American retirees that have a plan to reduce taxes on your retirement savings? The new age for taking required minimum distributions, or RMDs, is now 73, which could…
Why is the average Social Security benefit so low?
Regarding Social Security benefits, it is not the same amount for everyone. Many factors will impact the benefits you will receive – how many years you worked, how much you made during your career, and when you decide to begin…
Women are lagging behind in saving for retirement
There is a retirement crisis looking for women. According to a recent survey by Prudential Financial, women have only saved about one-third of the amount men have for retirement. Women were three times more likely to be focused on their…
Social Security changes for 2025
We are almost at the halfway mark for the calendar year 2024; now is the time to be aware of some changes to Social Security in 2025. What are these changes? Christy Bieber outlines the three Social Security changes we…
Are you on track for retirement?
Are you on track financially for retirement? If not, you are not alone. According to a recent survey by Prudential, only 1 in 5 people 55 years old have the recommended eight times their salary in their retirement accounts. Aimee…
Why take the risk?
You can start receiving your Social Security benefits as early as age 62; however, if you start receiving benefits early, your benefits are reduced a small percent for each month before your full retirement age. That small percentage could add…
Social Security Updates Occupations List Used in Disability Evaluation Process
The Social Security Administration announced it has updated the occupations list used in the disability evaluation process. “It makes sense to identify occupations that now exist in very limited numbers in the national economy,” said Martin O’Malley, Commissioner of Social…
Medicare’s hospital-at-home program
You may have heard of the “hospital-at-home program,” but do you know what it means? Hospital-at-home enables some patients who need acute-level care to receive care in their homes rather than in a hospital. The Centers for Medicare & Medicaid…
Generation X is particularly nervous about retirement finances
As the first Generation X members near retirement age, they have become concerned about retirement finances. Although the older generations had pension plans, Generation X workers were the first generation of workers to have 401(k)s as their financial savings tool…
Social Security is facing a cash shortage
The Transamerica Center for Retirement Studies recently reported that 88 percent of baby boomers expect to rely on Social Security in retirement. However, Social Security will be insolvent in just 11 years, forcing benefits to be cut by nearly 17…