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How you can improve your finances now
A new report from the Joint Economic Committee of Congress found that workers ages 65 and up were hit harder by unemployment caused by the coronavirus pandemic than prime age workers ages 25 to 54. Although the difference narrowed in…
Clarifying Misconceptions About Social Security’s Future
President Trump’s recent executive order and pronouncements about the future of Social Security have generated a flurry of commentary about the near-term fate of this critical senior program. As is often the case, the literal statements are subjected to figurative interpretations,…
Dealing With the Financial Implications of Longevity
Benefits Pro reporter Greg Land, in a post on www.benefitspro.com, comments on a new Morningstar Investment Management study exploring “various factors relating to estimating ‘the end’ of retirement in a financial plan,” noting that investors tend to often misjudge the number of years…
Why Relying Too Much on Social Security is a Problem
The Motley Fool’s Christy Bieber, in a post on morganton.com, provides an analysis of two important averages that those saving for retirement need to understand: the average Social Security benefit, and the average household expenditures. The difference between the two averages…
The Pandemic and Social Security–Some Things to be Concerned About
The COVID-19 pandemic is, in and of itself, a serious health issue, but the effects the coronavirus has delivered to various areas of the U.S. economy are also weighing heavily on the minds of Americans. This is especially true of…
The Hazard of Relying Too Much on Social Security in Retirement
More than a third of the “baby boom” generation indicates that Social Security benefits will be their main source of income in their retirement years, according to The 20th annual Transamerica Retirement Survey of Workers. MSN Money Talks reporter Chris Kissell explains…
Update on the Payroll Tax Deferral
In a post on www.foxbusiness.com, reporter Brittany De Lea notes that guidance for employers to implement President Trump’s recommended deferral of Payroll Taxes scheduled to begin September 1 has not been released at this point, making it unlikely that the deferral will…
The Most Important Things to Know When Getting Set to Apply for Social Security
Social Security is complex…that’s an understatement. It’s virtually impossible for most folks to have a complete understanding on the thousands of rules and regulations associated with the program. But if you’re at the point where you’re considering filing, there are…
Phased Retirement–Thinking Through this Alternative
A post on cincinnati.com by columnists Nathan Bachrach and Amy Wagner takes a look at some of the aspects associated with the concept of a “phased” entry into retired life. Beginning with a gradual withdrawal from a full-time workload, and structuring your…
Applying for Social Security? Don’t Let the Pandemic Deter you.
Even though the Social Security Administration (SSA) offices are physically closed to walk-in traffic during the COVID-19 pandemic, you can still apply for benefits. In a USAtoday post by The Motley Fool’s Barbara Eisner Bayer, a five-step process is outlined that can…