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Retirement Crisis: Don’t Lean Too Heavily on Social Security
John Bogle, who founded the Vanguard Group in 1974, has helped defined what long-term investing looks like for the average person. Credited with the creation of the first index fund available to individual investors, he has been one of the chief architects…
Unresolved Court Problems Can Also Cause Problems With Social Security
Some people who get Social Security or Supplemental Security Income (SSI) benefits may have an outstanding federal or state criminal warrant against them. Their benefits may be suspended. A law says if someone has a specific type of outstanding or…
Robert Bennett: Avert the Social Security crisis
The 1950’s TV detective series “Dragnet” made the phrase, “Just the facts, ma’am,” a national catchword for cutting through the clutter of argumentative debate. As Congress reconvenes, here’s a “just the facts” examination of Social Security. Its format is that of…
YOUR MONEY-As more U.S. workers go independent, a retirement time bomb is ticking
Ask self-employed workers about retirement savings, and a shocking number give exactly the same answer: “What retirement savings?” The potential consequences are scary not only for them – the nation’s growing ranks of entrepreneurs, freelancers, consultants and contractors – but also…
A counterintuitive Social Security strategy can fund an early retirement
Astute financial producers recognize that some of the most successful planning strategies are those customized to meet the individual client’s needs, and, in some cases, this means defying conventional wisdom and focusing on the numbers at hand. Effective Social Security…
Don’t Take Social Security Early Because You Think Think You Can Invest It At a Profit
Larry Kotlikoff’s Social Security original 34 “secrets”, his additional secrets, his Social Security”mistakes” and his Social Security gotchas have prompted so many of you to write in that we now feature “Ask Larry” every Monday. We are determined to continue it until the queries stop…
Decline in labor force driven by retirement, not discouragement
There’s a persistent lie making its way through popular media — and often twisted through social media. Like any good lie it starts with a kernel of truth but gradually becomes a clear and open lie. The truth — the labor force…
IN THIS CORNER: With Social Security, timing matters
If you’re like most retirees, you’ll automatically start taking Social Security when you’re 62. But just because this is the earliest you can start collecting doesn’t mean it makes the most sense for your financial wellbeing. Realizing that when you…
BRT CEOs Discuss Recommendations to Protect & Modernize Social Security & Medicare
Business Roundtable (BRT), an association of chief executive officers (CEOs) of leading U.S. companies, today released a detailed plan to strengthen and modernize Social Security and Medicare that CEOs believe must be part of any comprehensive economic growth and deficit-reduction…
What America Won in the ‘War on Poverty’
In an unabashed endorsement of government action to alleviate the plight of the poor, this week President Obama commemorated the 50th anniversary of the War on Poverty with his own call for new policies to address the continued struggles of…