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Everyday investors are looking at cryptocurrencies to add to their retirement portfolio
Will cryptocurrencies be part of your retirement portfolio? As investors search for higher returns, they are looking to incorporate cryptocurrencies into their IRA accounts. Even financial services companies are rolling out new products and services, some marketed under names such…
What Representatives Should Know About Online Video Hearings
(Source – blog.ssa.gov) In December 2020, we began offering online video hearings using a secure and free Microsoft Teams platform for you and your client to interact directly with an administrative law judge (ALJ). You can participate in the hearing…
Federal employees meet with lawmakers to make their voices heard on compensation issues
The National Active and Retired Federal Employees Association (NARFE) meet virtually with lawmakers to voice their concern on compensation issues for federal employees. Most federal employees’ benefits are governed under Federal laws and regulations with many employees dreading the prospect…
Today’s retirees say money isn’t the only thing crucial to your well-being during retirement
We all have heard of the old saying, “money is not everything.” Ask any of today’s retirees, and they will tell you money can procure all means of happiness, but money is not happiness itself. The new report from Edward…
How to avoid early withdrawal penalty
There may be a time when you have exhausted your emergency fund but still need money; do you turn to your IRA or 401(k) funds and accept the early withdrawal penalty? Although IRS does not recognize being flat broke, there…
Retirees are increasingly seeking a steady retirement income stream
According to a BlackRock report, “workers saving for retirement today are concerned that they are going to outlive their savings, or that they may not enjoy the same kind of comfortable retirement previous generations did.” The polled participants all were…
A new digital advisory program
Bank of America has expanded its workplace benefits with a new digital advisory program that allows employers to provide employees with an easy-to-use retirement plan accessible through a mobile app or desktop. According to Tom Matarazzo, managing director at Bank…
There are penalties for overstuffing retirement accounts
Many Americans don’t save enough for retirement; some people save too much, at least according to the IRS. There are tax laws that limit how much you are allowed to contribute to retirement accounts; if you save too much, you…
Retirement Income Security for Everyone
It is a well-known fact; Americans are not saving enough for retirement. Ric Edelman, the founder of Edelman Financial Engines, said in a recent interview why the United States is facing a real retirement crisis. He believes many Americans are…
Determine a retirement spending plan
After saving all your life for retirement, switching to a spending mindset can be a difficult transition. “Many retirees don’t want to spend down all their assets; they want to preserve or even grown them during retirement,” according to Anjali…