Latest News
Changed: The Famous “4% Rule” for Retirement Withdrawals
For decades, financial planners have been guided by the so-called “4% Rule” which suggests that you can avoid running out of money in retirement by limiting your annual nest egg withdrawals to 4% of your savings. This rule, a 1994…
Is Your Retirement At Risk?
It’s been pretty widely reported that America has a “retirement crisis.” And that certainly seems to be the case when you consider that about half of all so-called “baby boomers” start their retirement with no savings whatsoever! All of which simply…
New Online Form Available for Social Security Disability Update Reports
The Social Security Administration (SSA) has been greatly expanding its online services for several years now, with a dual purpose of better serving beneficiaries and reducing personnel costs. And that’s good news for tech-savvy seniors who find that transacting business…
Scam Alert: Here We Go Again
Scams about Social Security top the list of complaints received at the Federal Trade Commission, with cyber-criminals targeting our most vulnerable population – America’s senior citizens. The calls often purport to be from Social Security to advise you of a…
Women and Social Security
There is little question that American women are a formidable force in the American economy, with most women today a crucial part of our workforce. Unfortunately though, women still face challenges, especially when it comes to retirement planning and Social…
Careful! You Can Lose Some (Or All) of Your Benefits
While it’s true that your Social Security retirement benefits from your own lifetime work record will never expire, you should exercise caution in certain areas of your life to make sure you don’t lose some, or even all, of those…
How To Get the Biggest Possible Social Security Payment
For 2021, the maximum possible Social Security benefit anyone can get is $3,895, obviously a lot more than the average monthly benefit of about $1500. So how can you get that maximum benefit? Well, it’s not easy, and if you’re…
Retirement Planning – “Down the Decades”
It’s hardly an earth-shattering revelation that starting to plan for retirement when you first start working is a smart thing to do. Trouble is, many Americans starting out are saddled with debt and, possibly, family obligations during their 20s, so…
Social Security Changes Coming Next Year
A new year is quickly approaching and, with that, annual changes to Social Security’s various dollar-based formulas have recently been announced. Many may have already heard that a rather measly Cost of Living Adjustment (COLA) will be coming, one even smaller…
More Than Half of All People on Medicare Do Not Compare Their Coverage Options Annually
(By Meredith Freed, Wyatt Koma, Juliette Cubanski, Jeannie Fuglesten Biniek, and Tricia Neuman For Kaiser Family Foundation, Published: Oct 29, 2020) Each year, people with Medicare have the opportunity to review their coverage options and change plans during the open enrollment period…