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Where could one enjoy a nice retirement without paying state income tax on Soc Sec?
In a rather different type of piece, Silvia Ascarelli of MarketWatch responds to a reader’s inquiry (age 68) about retirement possibilities where she could forgo paying income tax. While there are many states that do not tax benefits, the author focuses…
The Ominous Cost of Retirement Healthcare
Perhaps one of the most egregious errors made in retirement planning is underestimating the cost of healthcare in your golden years. “No one wants to be old, sick and broke” as related in this Forbes article by contributing financial advisor Frank…
How to See Your Lifetime Earnings Record for Social Security
Your lifetime earnings record, or rather, the highest earning 35 years over your lifetime, is what your Social Security benefit amount will be based upon. So, obviously, making sure that your lifetime record is correct is important to assuring you get…
You Need More Than Social Security to Retire in Comfort
Social Security was never intended to be the sole source of retirement income for American seniors. Nevertheless, a recent study found that about 20% of American seniors have no source of income other than Social Security to sustain them. As…
Lowering Medicare Age to 60? A Step Toward Socialism
With unwavering consistency, those on the political left push for change that expands Government and lessens individual choice. Obamacare is a prime example of that strategy, which didn’t pan out the way most on the left had dreamed. Promises broken and…
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…