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Money Mistakes Many Folks Make…And How Their Retirement is Affected
It always seems to come down to planning. Without having a sound roadmap to guide one through their working lives and into those golden retirement years, it’s likely that stumbling blocks in the form of fundamental mistakes will produce problems…
Social Security Secures Today and Tomorrow for Workers and Their Families
(Source: Social Security Administration) Social Security has tools, information, and services to help secure today and tomorrow for you and your family. When you start receiving Social Security benefits, certain members of your family may also qualify for benefits on…
More Reasons Not to File at Age 62
The impulse to file for Social Security retirement benefits at the earliest possible age is still strong, despite the fact that monthly benefits will be lower for the rest of one’s life. From an actuarial standpoint, it doesn’t really make…
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…