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States Taking the Lead on Universal Access to Retirement Savings Options
Much has been written regarding the challenges of saving for retirement, as well as on the inability of many families to accumulate a financial nest egg to support their preferred lifestyle in retirement. Much has also been written about the…
SSA/VA Collaborate to Promote Direct Deposit
(Source: Social Security Administration) Title: Direct Deposit: A Fast, Convenient, and Secure Way to Receive Your Benefit Payments At Social Security and Veterans Affairs, issuing timely benefit payments is a core service we both provide. After all, we know you want…
Another Viewpoint on the Early Filing Decision Dilemma
Most financial advisors, along with hoards of general advice documents circulating on the internet and other media channels, take the stance that filing for Social Security retirement benefits at the earliest opportunity–age 62–is generally a bad move. The discount, of course,…
Survey: The Impact of COVID-19 on Retirement Planning
A recent survey conducted by retirement-plan provider Fidelity shows a fairly wide swath of impact on individuals’ retirement plans, with more than half attesting to a setback of at least two years. And some report a more more dire impact, noting “… they…
Retirement Readiness Assessment
As the saying goes, I was watching this frisbee, and then it hit me. Let’s think about retirement as a frisbee, and let’s assume you’ve been watching it (or at least thinking about it). It’s gonna hit you someday, so…
A Few Things Aboout Social Security You May Not Be Aware of (or have overlooked)
The Motley Fool’s James Brumley, in a post pm mooresvilletribune.com, recaps a series of “occasional tweaks” to Social Security that happen regularly, but don’t draw a whole lot of attention. Things like earnings limits, full retirement age changes, etc. Take a look…
The Social Security Benefit Calculation Explained
Very few folks approaching Social Security eligibility have an understanding of how that number conveyed to them from the Social Security Administration is calculated, and as a result there are many rumors about the details. It can appear at first glance…
More on the Stimulus Checks: An Update on Payment Schedules
CNET Editorial Director Jessica Dolcourt provides an update in this post on the latest scheduling for stimulus payments to Social Security beneficiaries, SSI beneficiaries, and veterans and retired railroad workers. She notes that those who have not received payments via direct deposit by…
Replacement or Corrected Social Security Cards during the COVID-19 Pandemic
(Source: Social Security Administration) During the COVID-19 pandemic, Social Security offices are closed to the public other than by appointment for limited, critical service. However, you can continue to apply for a replacement Social Security card online and by mail. Before…
Taxation of Your Social Security Benefits…A Quick Review
Yes, it’s a fact. Yes, it’s an irritant that affects more than half of all Social Security beneficiaries. It’s been called nonsensical double taxation that curtails retirement benefits seniors have been promised. But still, the fact remains that your Social Security…