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Don’t forget that retirement is a marathon, not a sprint
While some people will have no other choice but to use retirement savings for short-term financial challenges, a majority (86 percent) feels that “staying the course” and having a long-term view on their investments is important amid concerns about the…
Read this before starting a part-time business in retirement
Are you thinking about starting a part-time business in retirement? Do you have a well-thought out plan to make the business run? Have you done your essential pre-market testing? Have you told your family and friends? If you are kicking…
Could the record low gasoline prices affect your Social Security increase in 2021?
The Bureau of Labor Statistics’ first-quarter data point to a 0.8 percent Social Security cost-of-living adjustment (COLA) in 2021; however, the estimate is early and subject to change. So why this increase is lower than the 1.6 percent COLA increase…
Could your future Social Security benefits be affected by COVID-19?
The COVID-19 pandemic has affected almost every aspect of society and there is no telling how long it will be before our lives goes back to normal. Many older workers’ retirement plans, many soon-to-be retirees have watched their savings evaporate…
Has the pandemic thrown a curveball into your retirement plans?
Has the pandemic thrown a curveball into your retirement plans? Are you unsure if you should just accelerate your retirement timeline? There is no blanket answer to this question; however, there are factors that play into a decision like this…
Action Needed for Social Security Recipients with Dependents Who Do Not File Tax Returns to Receive $500 Per Child Payment
WASHINGTON—The U.S. Department of the Treasury and Internal Revenue Service today urge social security and railroad retirement recipients who have qualifying children and did not file a 2018 or 2019 tax return to go to the IRS Non-Filer tool by…
Yes, Social Security checks and SSI checks will continue to be paid
The Social Security Administration Commissioner, Andrew Saul, wants to remind the public that Social Security and Supplemental Security Income benefit payments will continue to be paid on time during the pandemic. Also, the agency wants to remind people to be…
What could it mean to Social Security Trust Fund with a lot less money coming in
Paul Brandus, the White House bureau chief for West Wing Report, writes in an Opinion column on MartketWatch.com, titled “Thanks to COVID-19, Social Security’s day of reckoning may be even closer than we thought.” He explains the collapse of the…
You should definitely know these six Social Security rules
The U.S. Social Security program is currently keeping nearly 15 million retirees out of poverty and millions more rely on it to supplement their retirement income. So, it is important to know at least the basic rules of Social Security…
What we should do to help create retirement security for millions of Americans
Wayne Chopus, president and CEO of the Insured Retirement Institute, writes in an opinion piece published by CNBC on how to build retirement security for millions of American workers as we recover from the coronavirus pandemic. He outlines the Insured…