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Impact of budgetary hit to federal retirement weighed
Requiring federal employees to pay more toward their retirement benefits would have an uncertain effect on recruitment of new workers but likely would spur some current employees to leave earlier than they would have otherwise, according to a recent analysis…
There’s a difference between benefits and entitlements
While I enjoyed reading Ed Conant’s op-ed piece “Democrats should start entitlement reform with Social Security Fix” (Nov. 17), I find his use of the term “entitlement” (although technically correct) rather than “benefit” for Social Security problematic. Visit www.ssa.gov and you will…
Advice for People Retiring in 2014
The oldest baby boomers will turn 68 in 2014. Some boomers are already retired, and many others will join them in the coming year. Here are some tips for people planning to retire in 2014: Read more… Notice: The…
Closing a Retirement Income Gap
When you determine how much income you’ll need in retirement, you may base your projection on the type of lifestyle you plan to have and when you want to retire. However, as you grow closer to retirement, you may discover…
Less than half of workers save outside retirement plans
A new Towers Watson survey finds 45 percent have put away money outside of their current employers’ retirement plan but it’s not clear the amount saved will cover expenses in old age. The report, based on an analysis of the triennial…
Don’t Be Afraid of Retirement. Embrace the Possibilities.
Many people fear retirement because they imagine it to be the beginning of old age. If a few wrinkles and gray hairs didn’t already herald this concern, retirement rings it in with all of its glory. Too often the “old…
Your Lifetime Social Security Taxes and Benefits
For both your own planning purposes and a better understanding of looming budget battles in Washington, check out a new report: “Social Security and Medicare Taxes and Benefits Over a Lifetime: 2013 Update.” Read more… Notice: The “Read more…”…
Four Reasonable Social Security Reforms
With budget negotiations due to end December 13, House Budget Committee Chair Paul Ryan (R-WI) and Senate Budget Committee Chair Patty Murray (D-WA) would be wise to turn their eyes to the single largest spending item in the budget: Social…
Employers hold the key to helping students with disabilities prepare for the future
Finding and keeping a job is hard enough, but for those with disabilities, it can be a huge challenge. In fact, the unemployment rate for Americans with disabilities is twice that of the general population. Each year, The U.S. Department of…
Is age 70 the new 65?
Due to increases in Social Security’s delayed-retirement credit, the real retirement age is now 70, according to a recent research paper from the Center for Retirement Research at Boston College. Social Security benefits in-crease by 8% per year for every year…