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Want to retire early? Here are a few reasons to do it
Retiring early, before most others are able, is probably a dream everyone entertains at some point in their life. Of course, to do so requires you have the financial means to keep you comfortable in that early retirement but, if…
Plan retirement based on your biological age, not your chronological age
We’ve all seen people who look and act young, and we are surprised to find out they’re actually many years older than they seem to be. “You’re as old as you feel”, or so the time-worn adage goes. But recent scientific and…
How much you will need for retirement – and how to get it.
In this article by personal finance contributor John Wasik appearing at Forbes, the author explains that the amount you save will translate to how comfortable you are throughout your retirement, possibly even into your 9th or 10th decade. And there…
Social Security “no match” letters to be re-instated
The Social Security Administration (SSA) has announced that, starting in early 2019, it will once again notify employers when a submitted W-2 contains a name and Social Security Number that do not match with Social Security’s records. These notifications, known as “no match”…
Millennials and “Generation Z”: A new formidable workforce
The so-called millennial generation, and the somewhat younger “Generation Z” will prove to be a very formidable workforce in years coming, due to both workforce size and their choice of career fields. And, according to a report by financial firm…
Social Security encourages those on disability to return to work – but is it working?
Social Security Disability Insurance (SSDI) benefits help sustain about 8.6 million disabled American workers, providing an important lifeline to those who are prematurely prevented from working for more than one year. As an encouragement to return to work, there are…
How can you “lose” Social Security benefits?
For most Americans, working and earning carries an obligation to contribute a portion of your earnings to the Social Security system that you will surely rely on during your golden years. Your employer contributes the same amount as you do unless,…
Health Savings Accounts, and why the rules should be changed
It’s pretty much a given that expenses for healthcare will be one of the biggest hits on retirement income for most Americans. Today’s Health Savings Accounts, or HSAs, provide a vehicle to somewhat ease that pain, but the rules governing…
Turning your savings into retirement income
In this Forbes article by contributor Erik Carter, the author offers several strategies for how to take your retirement nest egg and turn it into an income stream for your golden years. The options range from living off interest and…
Social Security is no “Ponzi Scheme”
There are plenty of myths and accusations about how Congress has stolen Social Security’s assets or “borrowed” those dollars to fund other Government boondoggles, or that illegal immigration has drained the system from illegals’ collecting benefits, and that these are the reasons…