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Re-Thinking the Dream of Retiring
Many folks daydream during the workday of retiring, putting the stress of the daily grind behind them, having no schedule to follow, and so on. But as that point in life approaches, it seems many are having second thoughts about…
Behind on Retirement Savings? Some Thoughts on Catching Up.
Barron’s Nick Fortuna, in an article posted on www.barrons.com, focuses on the plight of an estimated 1.23 million Americans who have been out of work and job-seeking for six months or more. His article offers some helpful thoughts on strategies for recovering…
Your Social Security Claiming Age and it’s Impact on Your Lifetime Benefits
By now, most likely everyone aging into Social Security eligibility has heard the advice to avoid the temptation to grab their benefits as early as possible. But do you know why? The Motley Fool’s Sean Williams, in a post on www.nasdaq.com, explains…
Making Informed Social Security Decisions is Critical!
Through the years, we’ve often heard that when you move into a new neighborhood, you immediately acquire two resident experts…the neighbor on your left and the neighbor on your right. While that’s OK for many things, it is not OK when…
Government Employees Alerted to Watch Progress on Equal Treatment of Public Servants Act
Federal News Network workforce and personnel reporter Nicole Ogrysko in a post on federalnewsnetwork.com, provides an update on Rep. Kevin Brady’s recent introduction of the Equal Treatment of 5 Public Servants Act of 2019 bill in Congress. Brady, the ranking member of the House…
How The Social Security 2100 Act Could Finance a Tax Cut
Andrew Biggs writing in National Review takes issue with the payroll tax hikes in the Social Security 2100 Act which appears poised to soon pass the House. The Act seeks to make Social Security solvent by increasing payroll taxes and taxing high earners…
Unpaid debt can reduce Social Security payments
Most creditors, including credit-card companies, cannot touch your Social Security payments, but some types of delinquent debt can reduce those monthly checks. Sarah O’Brien’s article on CNBC.com explains that kinds of debt that can get Social Security benefits reduced. The Treasury…
Take Spouse’s Needs Into Account When Claiming Social Security
For singles, the decision of when to file for Social Security boils down to your needs alone. If married, however, the stakes are higher because the choices you make regarding your benefits could dictate how much Social Security income your…
8 Realistic Ways to Supplement Your Retirement Income
Retirement income streams often consist of Social Security benefits, withdrawals from an IRA or 401(k), and pension payments, with Social Security being the largest income source for more than half of retirees. But Social Security only replaces about 40% of the average worker’s pre-retirement earnings. In this…
Caution when working while getting Social Security retirement benefits
Going back to work while receiving Social Security benefits may affect monthly benefits. The exact impact of your new paycheck on your Social Security checks depends on two primary factors: How old you are and how much you make. Christy…