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Investing for Retirement: When to Take Action
Let’s take a break from the COVIS-19 news stream and focus on something with a longer-term focus…building financial resources for your retirement years. To be effective, there are several key life points that need be considered when making planning decisions,…
Economic Impact Payments – Who Doesn’t Qualify
The economic impact payments signed into law on March 27 as a key part of the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act” are scheduled to begin arriving in Americans’ hands soon, but some folks will not qualify. In…
Veterans Get Relief from Debt Collection Concerns During Pandemic
The Department of Veterans Affairs announced yesterday that they plan to suspend collection actions on veteran debts or, if preferred, extend repayment terms on pre-existing VA debts. In a post on connectingvets.radio.com, reporter Abbie Bennett explained that the announcement follows directions…
Avoiding the Mistakes That Produce Financial Shortfalls in Retirement
We’ve heard this before…there are some basic missteps you can take that will cost you comfort in the long run. One of the most frequently heard suggestions is to avoid filing for benefits too early, while close behind it is…
A Realistic Look at the “Maximizing Social Security” Incentive
In a post on tucson.com, nationally syndicated former SSA analyst Tom Margenau takes a look at the popular notion that there exists a secret way of getting the highest possible payout from their earned Social Security benefit. As he points out, the “secret”…
COVID-19 and Your Decision to Claim Social Security Benefits
Those who have been weighing their options for Social Security benefits know that filing early (i.e. before their full retirement age – FRA) will result in a reduction from their FRA benefit. Likewise, they know that deferring their filing beyond…
“No Brainers” for Improving Financial Security in Retirement
The Motley Fool’s Christy Bieber, in a post on nasdaq.com, outlines five basic missteps that are likely to derail your plans for a comfortable financial position in your retirement years. They’re really nothing new, in fact their pretty basic, but still many…
Looking Ahead to 2021 COLA (Or, Lack Thereof)
Nobody really knows what will happen when the CPI-W numbers for the third quarter of 2020 are compared to 2019’s third quarter, but there is mounting speculation that there will likely be a year-over-year decline in living costs (at least…
During the Pandemic: The Ugly Side of Humanity
We’ve all seen the heartwarming stories about the beautiful side of humanity during this crisis – the singing from balconies, providing food and supplies for shut-ins and those in quarantine, landlords forgiving rent, creditors granting grace periods, and even socially-distanced…
Special Social Security Q&A Site for Coronavirus
All Social Security field offices are now closed for in-person services until further notice, essentially until the coronavirus pandemic is over. While that is fully understandable and prudent to avoid spreading the deadly virus, there are nevertheless about 64 million…