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How Your Social Security Benefit is Calculated…and Which States Show the Largest Average Payouts
The Motley Fool’s Sean Willaims, in a post on their website, provides an overview of how Social Security’s primary insurance amount (PIA, or the base benefit at full retirement age) are determined, and explains geographically where the largest average monthly…
Social Security’s Role in the 2020 Economic Reality
In a post today on Forbes.com, contributor John F. Wasik takes a look at Social Security as it stands at this point in time, and examines the implications of the economic forces at play in the wake of the pandemic’s workforce…
COVID-19 Impacts on Retirement Planning
“19% of U.S. adults now intend to push back their retirement date, according to a new Nationwide survey” reports The Motley Fool staff in a post today on www.foxbusiness.com. In their post, the authors discuss the pros and cons of deferring retirement…
Examining–and Planning for–the “New Retirement”
Viewpoints on retired life tend to evolve over time, and as explained in the 2020 Edward Jones/Age Wave Four Pillars of the New Retirement study, current thinking focuses on four key ingredients comprising the how those “golden years” will unfold…
More companies are offering early retirement packages to their employees
According to financial experts, fear among the rank and file over job security is growing and it is exacerbated by the fact that one in four baby boomers would rather delay retirement until the economy is better ; unfortunately due…
For worried workers, communication is important from plan sponsors and advisers
This year there is no shortage of things to worry about: contracting or spreading the coronavirus, economic uncertainty, social and political strife and now retirement security. Several reports indicate retirement security is a significant source of stress along with stock…
How Social Security calculations quickly get complicated
Almost all financial planners advise to wait until you are 70 to begin your Social Security benefits. Why? Your benefits at age 70 will be 32 percent higher in inflation-adjusted terms than if you claimed at age of 66. But…
Sign up for Medicare Part B Online, by Fax or Mail
For many people, signing up for Medicare Part B doesn’t require you to leave the comfort of home. Please visit our Medicare Part B webpage if: You are already enrolled in Medicare Part A. You would like to enroll in Part B during…
No, the fifth digit in your Social Security number is not related to your race
One of the most persistent myths surrounding Social Security numbers is the one about the fifth digit and how it is related to racial identity. According to a post on Facebook, it claims that if you are non-white, the fifth…
Older workers retirement plans have changed
The pandemic has derailed many older workers’ retirement plans. For many older workers this pandemic has changed their retirement plans by either receded farther into the future or forcing them into an early and involuntary retirement. In a recent study,…