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Will retirees receive a second stimulus check?
Lawmakers have finally reached a tentative deal; waiting for the president’s signature, to authorize the issuance of a second coronavirus related stimulus check to qualified recipients. The direct payments are intended to help individuals and families cope with the economic…
Experts weigh-in on what we could expect from Social Security in 2021
With the coronavirus pandemic, slowing economy, fewer people working to help pay for the program, and more people retiring and claiming Social Security, the more people worry about the longevity of this federal program. In Ginger Szala’s article for Think…
What is Medicare?
Medicare is a federal health plan for people aged 65 years and over that was signed into law in 1965 by the late president Lyndon B. Johnson. Over the years it has expanded to add Medicare Part C or Medicare…
Budgeting for economic uncertain times
During periods of economic turbulence, it can make it difficult to know how to budget. Thirty-three percent of Americans have dipped into their savings and/or retirement accounts to help pay the bills during the pandemic according to Pew Research Center.…
How to use your second stimulus check
Millions of Americans under a plan that Congress is currently voting on will receive a second stimulus check in the coming weeks. This second-round payments will be for $600 per eligible person, plus an additional $600 for each child. Although…
Are you new to Social Security?
Social Security has 2,728 rules governing benefits, and many more variations and exceptions, it is a tangled web of red tape. Although there is a lot to learn about Social Security, but if you have recently filed, you should spend…
Four important moves to make if you plan to retire in the coming year
We are still in the midst of a pandemic that could impact both your finances and your general plans so before you retire in 2021; make sure it’s worth it to actually do so. Although you may be tired of…
Your home could generate money for you in retirement
According to the 2019 Retirement Confidence Survey, it found more than a third of those 55 and older have saved less than $100,000, and about 60 percent have saved less than $250,000 for retirement. With Social Security benefits only replacing…
57.3 million employees don’t have access to a retirement plan
According to a new report from the Georgetown University’s Center for Retirement Initiatives, it found 57.3 million employees in the private-sector workforce do not have access to a retirement plan through their employer. The report also mentions that 79 percent…
Is there a second stimulus check coming your way?
Although nothing is final yet, it now appears Congress has agreed on a new COVID-19 relief bill that includes a second round of stimulus checks, with a vote expected today. The bill will then go to the President for signing, and It…