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How far will Your Retirement Savings go ?
The answer to this question would be different for everyone due to individual situations. This article by Nichole Spector for GoBankingRates takes a scenario of $750,000 in retirement savings plus Social Security and estimates how long that amount would last…
Fact Check: Do Immigrants Receive More Benefits Than Average Social Security Payments
This is false. To start with, the figures used in this discussion are incorrect. Peter Gattuso for The Dispatch explains the average social security payment is higher and the immigrant benefit is not monthly. It is part of a small…
O’Malley: Congress Needs to Pass Spending Bill to help Social Security Continue and Improve Function to Help Recipients
The Social Security Administration Commissioner Martin O’Malley is concerned about keeping up services to the public unless Congress passes an increase spending bill soon. He has been waiting for this and needs it to help with hiring customer service staff,…
What should Younger Workers do NOW to have a financially solid retirement?
A big advantage to starting younger is having a lot more time to plan. There are savings, investments and other opportunities to start early that could have a huge impact on your retirement income. Jordan Rosenfeld For GoBankingRates explains here……
The Social Security Administration released adjustments to benefit payment criteria
In an effort to streamline payment processes Social Security has made some updates to payment schedules. IDR News Network explains here… Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this…
COLA Announcement & Explanation
Maurie Backman covers how the cost of living adjustment (COLA) is derived and when the October announcement will take place in this piece. CPI-W is explained. The consensus forecast among experts is a 2.5% COLA. That is the result of…
Ending Taxes on Social Security: Pros & Cons
Sean Williams explains what is popular is not always savvy. Donald Trump is campaigning to end income tax on Social Security benefits. Williams explains the origin of taxing benefits in the 1983 rescue law and then the 1993 change that…
Tired of Skimpy COLAs? Take other actions now.
With next year’s cost of living adjustment estimated at just 2.5%, Maurie Backman reminds seniors not to be hostages to small Social Security benefit increases. But the alternative choices can be harsh and involve serious belt tightening. Among the options…
How much money you need to retire comfortably in every U.S. state
Mike Winters of CNBC looks at a recent GOBankingRates analysis of all 50 U.S. states and notes the annual cost of a comfortable retirement can differ by as much as $67,981 depending on where you settle. The point is where you retire…
Beware of regrets by waiting to claim until age 70
Financial experts are near universal in their advice to wait to claim Social Security until age 70 to get the maximum monthly benefit for the rest of your life. Laura Beck discusses that strategy with an individual who did that…