Latest News
Why your home is not a solid retirement plan
An overwhelming majority of Americans, 90 percent, view their home as a financial asset and 10 percent say their home is the biggest part of their retirement plan according to a report from co-investment firm Unison. If you are thinking…
Bipartisan talks underway on Retirement 2.0 savings package
A bipartisan discussion has begun centered on House Ways and Means Chairman Richard E. Neal’s proposal to require businesses with at least 10 employees to offer retirement plans and automatically funnel a portion of their worker’s pay into savings. Analysts…
New Rule Modernizes How We Award Disability Benefits
(Source: Social Security Administration) The Social Security Disability Insurance and Supplemental Security Income programs protect some of the most vulnerable people in our society. A successful disability program must evolve and support making the right decision as early in the…
Three non-401(k) options to save for retirement
There is no argument that a 401(k) is your first and best choice for retirement savings. You can put your saving on autopilot, get a tax deferral on your contributions, and possibly free money via employer-match contributions. However, even access to a…
Will Social Security be taxable in retirement?
Many soon-to-be retirees are confusing taxes taken from their paycheck with their income taxes. You will no longer be paying Social Security and Medicare payroll taxes once you’re retired and living on unearned income, but you will still be subject…
Don’t count too much on Social Security
We all know that Social Security will not replace your former paycheck. Social Security will generally replace 40 percent of your pre-retirement income if you are an average earner, less if your income is above average. Today, the average Social…
What is Supplemental Security Income?
Social Security benefits are available to you if you worked long enough to meet the eligibility requirements. However, there is another set of benefits that the Social Security Administration pays out: Supplemental Security Income program. This program is designed to…
Trump proposes Disability reform for 4th time
Sean Williams goes back through all of President Trump’s budget proposals and notes he has tried to reform the Social Security Disability program (SSDI) in each one. The president focus has been on perceived inefficiencies with SSDI. A sizable chunk of the…
A costly mistake for many women
The Center for Retirement Research (CRR) at Boston College has found that women are more likely than men to start their Social Security benefits ahead of their full retirement age (FRA), now 66-67 depending on birth year. Christy Bieber reports in this piece…
Ease Into Retirement and Work Out the Kinks
In this interesting piece Maurie Backman suggests a phased-in retirement. By cutting back working hours gradually people save themselves the sudden shock of going from a full time schedule to no schedule at all. This idea also allows and opportunity ro reassess…