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Your 2019 Social Security Income Statement
Social Security mailed your annual statement to you in January, to use for reporting your Social Security income to the Internal Revenue Service when you file your income taxes. But, if you have misplaced that SSA-1099 (or SSA-1042S) it’s really quite…
Defined contribution retirement account owning individuals particularly appreciate the saving and investing components
According to new research from the Investment Company Institute (ICI), most Americans are confident defined contribution retirement accounts can help people meet their retirement goals even among individuals who did not hold either DC accounts or IRAs. The research found that 76…
The financial services industry is a top target for scammers
Although the number of consumers affected by identity fraud has declined, hackers are targeting retirement and loan accounts more frequently, according to the 2019 Identity Fraud Study from Javelin Strategy & Research. Data breaches have become common in recent years providing…
Investment basics you need to know
A recent survey on retirement planning conducted by Schroders Investment Management found that more than half of the respondents weren’t clear on how to invest their money in retirement, and nearly that number were concerned or very concerned about outliving their…
Don’t settle for a smaller Social Security benefit
In 2019, about 64 million Americans collected Social Security benefits, with the average monthly amount of $1471, while many retirees receive over $2,000 per month from the Social Security Administration. However, your maximum payments could have been as much as $3,770 in 2019.…
Justice Department Files Civil Action to Stop “Robo-calls”
Americans are plagued daily by the seemingly endless stream of “robo-calls” which are not only exceedingly annoying but also an attempt to scam the unsuspecting into revealing personal information which can be used to bilk them out of money. And…
The Debate About Proposed Review of Disability Cases
Do you remember your High School debate club, where two people debated opposite sides of an issue? Such is the case in this USA Today article which discusses a recent proposal by the Administration to more actively review existing Social Security…
Social Security: Will It Always Be There?
So much has been written about Social Security these days, some of which is true and some of which is designed to stoke fear that the program is headed for bankruptcy. The truthful articles correctly say that it is Social Security’s…
Medicare’s General Enrollment Period is on now
If you missed the boat when you had the chance to enroll in Medicare during your Initial Enrollment Period, you probably know by now that you can’t just sign up for Medicare whenever you want – there are specific periods…
Getting your 2019 Social Security Benefit Statement
With income tax time rapidly approaching, now is the time to make sure you have all the documents needed to report your income to the Internal Revenue Service, including your Social Security benefit income. Fortunately, getting that Social Security statement,…