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Seniors Report Stagnated Net Benefits
Citing the impact of growing Medicare Part B premiums, a recent survey by The Senior Citizens League (TSCL) notes that nearly half of respondents report that that “their net monthly Social Security benefit grew by less than $10 in 2019 despite receiving a…
The Importance of Knowing Your Parents’ Thoughts on Retirement Financing
Here’s a different perspective on the longer-term financial crisis facing many Americans…are you fully aware of the financial predicament your parents might be in? If not, your’re not alone, as Yahoo Finance reporter Dhara Singh outlines in a post on money.yahoo.com. She…
Health Care Costs in Retirement–A Looming Worry
Whether it’s the cost of health care insurance or the burden of expected out-of-pocket costs, future retirement looks dim to many Americans in the age 50 to 64 group, according to a post from the Institute of Health Policy & Innovation…
Taxes on Your Social Security Benefits–Ways to Escape
One of the more negative surprises newly-minted Social Security beneficiaries get hit with is the federal income tax on their payments. And it’s becoming an issue for more and more folks every year, since the thresholds are not indexed and…
Trump Budget to Spare Social Security
“Overall, the budget proposes 5 percent net cuts in domestic discretionary spending, the category of government spending that covers agencies like HHS and the Education Department, but does not include Social Security or Medicare.” That quote is from an article…
Do You Know How Your Retirement Savings Assets are Allocated?
It might come as a surprise to you (or maybe it won’t?) but more than half of the participants in a study of over a thousand pre-retirees and retirees do not have an understanding of how their financial assets (e.g.,…
Clarifying the Question of Spousal Benefits
It can be complicated, and that’s an understatement. But there are answers to the question of what benefits are available to surviving spouses. In a post on tylerpaper.com, Social Security columnist Leo Rossler examines this critical area and explains the rules…
Trump and Social Security
Sean Williams of The Motley Fool writes a comprehensive piece here, detailing Donald Trump’s views on Social Security from the past decades until now. Trump has talked about tax increases as far back as 2000, cautioned against big changes in…
Be cautious about using your home as a retirement plan
Katie Brockman warns how risky it is to think one’s home can supplement Social Security income in retirement. According to a recent report from Unison nearly 70% of homeowners believe their home will be worth more by the time they retire…
Social Security: Where Do the 2020 Candidates Stand?
Mark Miller of The New York Times writes perhaps the most comprehensive piece this campaign season on where the Democrats candidates and President Trump are on Social Security. He notes the Democrats have taken a hard left turn since the…