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Improving Your Retirement Readiness During the Pandemic
These are scary times for anyone looking at their future retirement and how it might be affected by the COVID-19 pandemic. The past 6 months can probably be best described as tumultuous, especially in the stock market where most people’s nest…
Coronavirus Effects Those Turning 60 This Year
In a story that’s been in the news several times in recent weeks – the effect of the coronavirus pandemic on the American economy hits those turning 60 this year especially hard. That’s because their future Social Security benefits may…
Americans Still Saved for Retirement, Despite the Pandemic
In something of a dichotomy from expectations, a new study by Fidelity Investments has found that, despite the economic impact of the pandemic, Americans have still manage to boost their retirement savings. Aided by solid Stock Market performance in the…
Taking Advantage of Social Security’s Online Services
With all Social Security offices temporarily closed to public access, you may wonder how to accomplish certain tasks, such as applying for your retirement or disability benefits, or getting a replacement Social Security card. Fortunately, even before the pandemic shuttered…
How to Report A Social Security Scam
Unfortunately, the underbelly of society includes many criminals who seek ways to take your hard earned money from your pocket. And a prime target for these scammers are seniors collecting Social Security benefits, and who may be susceptible to threats about…
Fixing Social Security’s Financial Woes
Because of extensive media coverage, most everyone knows by now that Social Security’s future is dim and becoming dimmer with each passing year. Even before the coronavirus pandemic devastated the U.S. (and world) economy, the Trustees of Social Security were…
The Millennial Retirement Conundrum
Millennial’s, that group of people aged from 22 to 38 years old, comprise the largest demographic age group in the United States. But their background and present economic world is entirely different from their predecessors, the Baby Boom generation and “Generation X.” …
Penalty-Free Nest Egg Withdrawals Under CARES Act? Not So Fast!
Although the CARES (Coronavirus Aid, Relief and Economic Security) provides some pretty tempting incentives allowing you to tap your tax-deferred retirement nest egg early, that is a decision that should be very carefully evaluated before acting. True, you may be…
Social Security Works, Even in Crisis Mode
In this Forbes article, contributing financial author John F. Wasik weighs in and offers his take on Social Security’s current “crisis” and how it may be worsened by the coronavirus pandemic. Will current economic conditions, especially the impact on American…
Retirement Planning in the Wake of the Pandemic
With the U.S. unemployment rate still north of 10%, many folks who have lost their jobs are facing the reality of dealing with the long-term implications for retirement. Things are improving, yes–the unemployment rate just four months ago was near…