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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…
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…