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How to Score a $3895 Social Security Benefit
Well, full disclosure up front – $3895 is the maximum Social Security amount available to anyone first claiming their benefit in 2021, but not many will be able to achieve that maximum. Unfortunately, far too many people don’t starting thinking…
Are these problems weighing down your 401(k)?
With their high contribution limits, the ease of contributions, and possible employer match, 401(k)s are considered to be one of the best retirement savings accounts. However, there are some drawbacks you should be aware of before deciding if it’s the…
Factors to help you calculate your retirement income
We all know we should save for retirement, but how much? No one breaks down what a retirement nest egg should look like since your needs are unique and no two retirement incomes are exactly the same. Almost nine out…
The Mom Project
When you are changing jobs, don’t forget important tasks like retirement plan rollovers. A fintech, a financial technology, company Capitalize has teamed up with The Mom Project, a digital talent marketplace for professional women, to help the organization’s talent base…
How Social Security Decides if You Still Have a Qualifying Disability
(Source – www.blog.ssa.gov) The law requires that we review the current medical condition of all people receiving disability benefits periodically to determine if they continue to have a qualifying disability. Generally, if your health hasn’t improved, or if your disability…
Retirement planning for the self-employed
According to the latest figures released by the US Bureau of Labor Statistics (BLS), as of April 2021, the number of self-employed people in the US is 9.651 million. One of the downsides of being self-employed is that you don’t…
The retirement prospects of four generations of workers
According to a recent survey, 60 percent of workers have made adjustments due to the pandemic-related financial strain, and 82 percent are saving for retirement. The survey findings illustrate the retirement outlook of workers across four generations: Baby Boomers, Millennial,…
IRS continues to levy on Social Security benefits
Many taxpayers who owe the Internal Revenue Service (IRS) money for back taxes believe once they file for Social Security benefits, the IRS cannot continue to collect monies owed. However, the recent decision by the Eleventh Circuit Court of Appeals…
The brief history of Social Security
According to the latest Social Security Administration statistics, over 49 million retirees are collecting their Social Security benefits, 5.8 million people are collecting survivor benefits, and just over 9 million are collecting disability benefits for a total of 65 million.…
The Automatic IRA Act and Savers Credit
According to a PwC analysis, nearly one in four working-age Americans aren’t saving for retirement. Research has shown workers are more likely to build a retirement nest egg if they have access to a workplace-based savings plan. The federal lawmakers…