Latest News
Millennials Now Viewing Social Security Differently
Drawing on content presented via the 20th Annual Transamerica Retirement Survey of Workers, The Motley Fool’s Maurie Backman concludes that younger folks are changing their views on the role that Social Security will play in their future retirement. Specifically, she notes,…
COVID-19 Has Probably Eliminated Your 2021 COLA Increase
Most seniors rely heavily on their Social Security income, so the Cost Of Living Adjustment (COLA) granted in most years is a welcome raise. But, whether or not a COLA increase will happen depends on the state of the American…
Social Security Has Zero-Tolerance for Fraud
In this article from the Social Security Administration, the agency emphasizes that they have zero-tolerance from fraud by those who would steal your Social Security money. A big part of this is fraud prevention through awareness of the scammers who are out there…
Vote Like Your Social Security Depends on it – It May.
Most Social Security recipients are keenly aware that Social Security is facing financial issues which could mean benefit cuts in the future. But the pandemic has almost certainly made “the future” much closer than it was before, which means that…
Sources for a little extra cash in retirement
While fewer jobs are offering pensions to help cover retirement costs and some are even canceling 401(k) matching contributions, some workers are struggling to set aside money for their futures right now. If you have concerns about your low 401(k)…
Should you still be contributing to your 401(k) during these uncertain times?
In the current economic climate, many companies are cutting jobs and/or benefits such as company match 401(k) plans. If your company has suspended retirement benefits and company matches, should you continue to contributing? While contributing to your retirement savings is…
2020 has been the year of change and it’s not over yet
This year has been the year of change. And we still have an election in November to get through but no matter what the outcome is, expect a lot of changes to take place. So far, we saw the SECURE…
Social Security Administration’s Newly Redesigned Retirement Benefits Portal
The Social Security Administration is working hard to continue improving their website to provide you with clear, helpful information, and easy access to our online services. Their new retirement portal is more user-friendly and easier to navigate, whether you’re ready to learn…
Social Security benefits might be smaller for those turning 60 this year
For a middle-income worker who turned 60 this year, they will see a 13 percent reduction in annual Social Security benefits. Why? The Social Security Administration benefits formula is complicated but it basically boils down to the fact the formula…
Should you claim your Social Security benefits early due to the pandemic?
For many Americans Social Security benefits are the keystone of their retirement plans so it’s critical to ensure you are making the most of them. One way is choosing the right age to begin claiming because it will affect how…