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Turning 60? Read this…
Reaching this milestone leads many folks to feel they’re pretty well set for retirement, and looking at what they’ve accumulated in cash reserves or general wealth may make them feel comfortable for life’s later stages. That’s a great feeling to…
How Expanded Compassionate Allowances Helps People with Severe Disabilities
Source: Social Security Administration) On August 16, 2021, Kilolo Kijakazi, Acting Commissioner of Social Security, announced 12 new Compassionate Allowances conditions. Compassionate Allowances is an initiative that quickly identifies severe medical conditions and diseases that meet our standards for disability…
So, Who Will Replace Andrew Saul?
Conjecture has it that a number of candidates are coming into focus to replace former Social Security Commissioner Andrew Saul, fired last month by President Joe Biden. In a huffpost.com article today, Kevin Robillard, Arthur Delaney, and Dave Jamieson speculate on…
The Case for Social Security Expansion
In a post on The National Interest website, technology writer Stephen Silver takes a look at recent thoughts expressed by Social Security Works President Nancy Altman on the need to expand Social Security’s “modest benefits.” As explained by Silver, Ms. Altman cites poll results indicating that “over…
Hedging Your retirement Savings–Some Thoughts
We’re facing a substantial uptick in inflation. The only questions are how far the uptick will go and how long will it exist. No matter what the answer to these questions might be, the fact remains that there will be…
How Do You Compare With Others on the Savings Scale?
The 21st Annual Transamerica Retirement Survey recently noted that the median retirement savings balance for workers of all ages is $93,000. Not bad? Wait…the key words in that sentence are “for workers of all ages,” so before you compare your own situation to that…
Additional Compassionate Allowance Designations Announced
Medicare’s list of Compassionate Allowances conditions has been expanded by 12, according to a post on the Effingham Post website. Compassionate Allowances, of course, are a way to quickly identify diseases and other medical conditions that, by definition, meet Social Security’s…
“Gig Workers” – Make Sure You Understand the Path You’re Electing
Moving from payroll-based employment to independent contracting has many desirable features, not the least of which is the element of control over when you work and what you work on. But if you’re contemplating a move in this direction, it’s…
Retirement Planning – Sorting Through the Noise
Northstar Financial and Retirement Planning Zach Jenkins and George Fossing, in a recorded interview posted on foxcarolina.com, cover a variety of fundamentals future retirees need to consider while there’s still time to take action. From portfolio diversification to ensuring the availability of…
Key Retirement Pre-Planning Tips
Retirement is a dream for many people…one that always seems to be way in the future. And then, suddenly, it’s staring us in the face. Now what do you do to get ready? As Mary A. Durra, Vice President and Senior Financial…