Latest News
Retirement Savings Lost and Found Act of 2021
The bipartisan Retirement Savings Lost and Found Act of 2021 will create a national online lost-and-found database for retirement accounts. The bill was first introduced in 2016 by Sens. Warren and Daines would use current employer data to create the…
A redesigned Social Security statement
Social Security Administration rolled out a redesigned Social Security statement on May 1st. The new benefit statement spells out the estimated monthly benefits a beneficiary will get if you start receiving benefits for each age from 62 to 70. According…
The transition to retirement can be daunting on many levels
In your pre-retirement life, you settle into a routine of saving, but everything changes once you retire. “The transition to retirement can be daunting on many levels – emotionally, psychologically, and financially,” says Tiffany Lam-Balfour, Investing, and Retirement Specialist at…
Strategies to get the amount of tax-free income you want
Not many of us enjoy handing over our money to the IRS, especially during retirement. But there are strategies to reduce what you end up paying in federal and perhaps state taxes. So, what are these strategies? In Sarah O’Brien’s…
The basics of stock investing
The stock market can be confusing to most people. Most people do not understand how the stock market works or the terminology surrounding it. If you participate in a pension plan, IRA or 401(k), the success of all your funds…
Is the “no-retirement retirement” right for you?
In the late 1970s, big companies generally had pension plans for their workers; between the pension and Social Security benefits, an individual was guaranteed a “traditional” retirement. But the times they are a-changing, many companies did away with pension plans…
Senior Safe Act of 2018–An Update on Progress
The Senior Sae Act of 2018, signed into law on May 24, 2018, is now approaching its third anniversary. Conceived as a part of overall efforts to train financial professionals to detect and report cases of suspected senior financial abuse, the Act…
Nebraska to Join List of States Not Taxing Social Security Benefits
The Nebraska State Legislature has passed a bill to begin a gradual repeal of the tax levied on Social Security income in that state. Between this year and 2030, the amount of Social Security income subject to state income tax…
Another COLA Update – How Valid is the Most Recent Inflation Number?
Social Security specialist Devin Carroll issued an alert to Social Security COLA watchers this week that the program could be in for a “massive” cost of living adjustment in 2022. His forecast, delivered in the form of a video (which you…
Your Benefits Vs. Spousal Benefits…No, You Can’t get them Both!
The matter of Social Security benefits drawn on a spouse’s work record, can at first glance be confusing. In a married couple, for example, one spouse typically is a higher earner than the other, although often both have accumulated the…