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How Do HSAs Fit in a Retirement Savings Plan?
Health Savings Accounts (HSAs) can be viewed as a way to help build wealth for one’s retirement years. So says The Motley Fool’s Maurie Backman in a post recently on https://roanoke.com. Given their triple tax-advantaged structure, notes Ms. Backman, they provide the…
Health Care Costs in Retirement
Over the years, we’ve seen–and posted–many articles describing what’s ahead for retirees as they face the costs of maintaining health in their later years. The latest version, from The Motley Fool’s Maurie Backman posted on journalnow.com, takes these projections new and even…
Average Social Security Benefits by Age: Some Interesting Stats!
Along with a quick recap of the main factors that go into determining one’s Social Security benefit, The Motley Fool’s Sean Williams, in a post on kenoshanews.com, provides an interesting look at the averages benefits paid to individuals from age 62…
The Pandemic and Women in the Workforce
Covid-19 has changed many aspects of work-life, from work-at-home to in-workplace arrangements, with one of the most significant being the increase in unemployment and the interruption in retirement savings plans for many. And concerns have arisen about the disproportionate impact…
4 Hard-to-Believe Retirement Facts
The literature has noted for some time now that Americans are woeful when it comes to saving for retirement. Christy Bieber reports on four hard-to-believe facts about retirement that reveal just how dire a financial situation millions of seniors are facing. …
13 States That Can Tax Your Social Security Benefits
It’s not just what you make but what you keep. As Sean Williams notes, where you live can play a big role in how much of your Social Security income you’ll get to keep. That’s because 13 states tax benefits…
Answer 3 Questions to Help Determine Your Retirement Date
Christy Bieber helps people answer the sometimes tough question of when to retire. A key point in selecting an age between 62 and 70, at least as far as electing when to begin Social Security monthly benefits, is this: Would…
5 Reasons Why More Stimulus Checks Aren’t the Answer
Who doesn’t like free money? Of course, there is no such thing. Our federal government can only borrow if it wishes to spend more than it takes in through taxes. Funds must be repaid to those who lent it, Americans…
8 Tips for Retiring Comfortably on Social Security Alone
Experts try to remind the public often that Social Security replaces just 40% of pre-retirement income. In other words, not only can you not live on it, but it was never designed for that purpose either. It’s but one pillar…
Americans Think Social Security Will Let Them Down
Maurie Backman reports on Northwestern Mutual’s 2020 Planning & Progress Study that found 20% of U.S. adults aged 18+ think it’s unlikely that Social Security will be there when they’re ready to claim it. Indeed, the unemployment caused by the ongoing pandemic…