Latest News
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…
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…