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You need to be ready in case another crisis occurs
The COVID-19 pandemic has changed many things about our world and one of the most important things is the way we save for retirement. One thing COVID-19 has shown us is that the economy can turn on a dime, how…
Medicare’s Trust Fund is in trouble too
We always hear that Social Security is in trouble, which is true, but do you know Medicare is strained too? The Medicare (Hospital Insurance or HI) trust fund could run out even sooner than Social Security’s trust fund. The Medicare…
More education is needed on how to maximize your health savings account (HSA)
A recent study found older employees are slightly more aware than younger employees of how much money they will need for health care in retirement. The paper published by Optum Bank and Empower Retirement found most people seem to have…
So you decided to apply for Social Security, but how with the offices closed?
So you made the decision to claim your Social Security benefits but you are unsure how to proceed giving the continuing closure of Social Security Field Offices. You can apply online but you want to have all the information you…
A few takeaways from the FIRE movement
The Financial Independence Retire Early (FIRE) followers develop strict savings programs and make associated sacrifices like living in small apartments, walking to work every day, restrictive diets, and so on, but most of us, this is may be too restrictive. …
How to find more money to save for retirement
Although fewer than 20 percent of service members remain on active duty long enough to earn a military pension, but for those who do, very few retire from the military without ever working again. So whether you retire with a…
Here’s Another Potential COVID-19 Social Security Impact
Anyone turning age 60 in 2020 may be facing an unexpected impact–and not a good one–as a result of the pandemic’s ravaging of the U.S. economy. Since Social Security’s computations use an average of the highest 35 years of earnings…
The Long-Range Impact of Short-Term Decisions Re Retirement Funds
As the COVID-19 pandemic continues to cause havoc in day-to-day financial struggles for many, a short-term option for folks struggling to strive financially is to look to retirement savings as a stopgap solution. Unfortunately taking advantage of that option, while…
SSAS Looks to Increasing Security for Online users
In an article posted on www.nextgov.com, senior editor Aaron Boyd outlines the Social Security Administration’s thoughts on improvements to its identity credential and access management (ICAM) system aimed at ensuring the integrity of accesses to the hundreds of millions of account records on…
CARES Allows Access to Retirement Funds, But Look Before You Leap
Yes, the CARES Act made it possible for cash-strapped folks to access the funds in their retirement accounts. To many, that may be a blessed intervention to consider as they try to meet current financial obligations in the wake of…