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Retirement Savers: Avoid Complacency and the “Do-Nothing” Approach
Many folks years away from retirement tend to adopt a sense of complacency in their investment strategies, as suggested in a post by Yahoo Finance reporter Dhara Singh. Quoting Farnoosh Torabi, a financial expert and contributing editor at NextAdvisor.com, Ms. Singh comments…
When Your Paycheck Stops, How Much Will You Need?
The art of retirement financial planning calls for some sound forecasting, specifically with respect to what you’ll need in cash flow to support your desired retirement lifestyle. In other words, when job-related income stops, how much will you need to…
Understanding ABLE Accounts
(Source: Social Security Administration) Approximately one in five Americans has a disability. These Americans have the same hopes and dreams to participate in society as everyone else. On July 26, 1990, President George H.W. Bush signed into law the Americans…
SSA Local-Office Wait Times Continue to Increase
Recent reports from the Social Security Administration Office of the Inspector General (OIG) indicate that wait times at local SSA offices are continuing to build. And with the office closings caused by the pandemic lockdown, the difficulties faced by SSA…
TRUST Act Factors Into Senate Pandemic Relief Bill
Bloomberg.com’s Laura Davison, in a post on their website, reports that the stimulus proposals now being developed in the Senate may be affected by negotiations involving the TRUST Act (S.2733). The Act, introduced last fall by Sen. Mitt Romney, calls for…
Details Emerging on Senate Pandemic Relief Proposals
Senior Forbes contributor Kelly Phillips Erb takes a look at some of the potential outcomes of the pandemic relief bills being crafted in the Senate, noting that the “Health, Economic Assistance, Liability Protection, and Schools (HEALS) Act is a compendium of…
Funding Our Future Coalition Calls for SS Reform in COVID-19 Relief Package
Citing the ever-nearing depletion date for Social Security’s Trust Fund reserves, Forbes contributor Ric Edelman calls for the U.S. Senate to consider Social Security reform in the next COVID-19 relief package. “If Congress does nothing in its next stimulus bill, the solvency…
2021 Social Security COLA Watch
In the coming weeks, you’ll be seeing a fairly steady stream of forecasts or projections of what cost-of-living adjustment might be in the offing for January 2021. And on this subject, Brenton Smith, posting on www.fedsmith.com, offers an update on the first…
The Scammers Just Don’t Relent!
It’s not really news, but the Better Business Bureau of Southern Piedmont and Western NC is alerting folks to a continuing scam involving targeted phone calls advising consumers that their Social Security number has been suspended due to suspicious activity in…
Kudlow on the Potential for Another stimulus Payment
Progress on the next round of economic stimulus measures is expected to be announced this week, and many eyes are on one of the key components of the legislation–the possibility of direct payments to U.S. citizens. Forbes Staff Reporter Lisette Voytko, in…