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Social Security needs to do more than to enter the 21st century electronically
In a recent Senate Committee session, the members questioned the Social Security’s antiquated paper applications and the requirement of sending original documents in the mail such as drivers’ licenses, birth certificates, and passports was actually needed? “One of the problems…
Retirement savings options available for gig workers
More than one-third of US workers (36 percent) participate in the gig economy, either through their primary or secondary jobs, according to survey data published by Statista. Unfortunately, gig employers don’t tend to offer benefits such as “retirement savings plans…
What is a nondeductible IRA?
Many people contribute to an individual retirement account (IRA) to save for retirement and qualify for a tax deduction. But what if you don’t qualify for a traditional or Roth IRA; what then? A nondeductible IRA may be an option…
Hard to dispel myths about Social Security
The Social Security system is complicated with its many rules and regulations that can be easily misinterpreted by the general public. So, that is why so many myths have developed around the topic of Social Security? Once these myths go…
Will money or having hobbies provide happiness in your retirement
Is having a lot of money help you to have a happy retirement? Although it is important to have a retirement nest egg, it is also critical to find and develop your hobbies and passions. The findings of a recent…
Saving for retirement is hard
Is saving for retirement getting harder? So, what are the new obstacles that have made saving enough to retire comfortably daunting? In Kailey Hagen’s article for the Motley Fool, she reviews the four hurdles and what you can do about…
Most workers kept on track to retire during the pandemic
“This past year has been a roller coaster of a year, but for those Americans with a retirement plan, it should come as a relief to know the fundamentals remain sound,” said Melissa Ridolfi, senior vice president of retirement and…
Confidence in Social Security has reached an all-time high
The 31st Retirement Confidence Survey shows confidence in Social Security reached an all-time high for workers and retirees. Almost three-fourths of workers expressed confidence in their ability to retire comfortably despite the COVID pandemic. Lisa Greenwald of Greenwald Research, co-conductor…
Are you ready to start your Social Security?
In 2020, nearly 70 million Americans received Social Security benefits. Will you be one of the almost 12,000 baby boomers retiring this year? But before you do, make sure you know the answers to these three basic questions. In Maurie…
Drug costs continue to outpace inflation
A recent survey conducted by the IT company Scripta Insights found 66 percent of Americans think they pay too much for prescription drugs, and 96 percent say they had switched, with physician approval, prescriptions or pharmacies to save money. Recent…