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The SECURE Act makes it easier for Americans to save for retirement
The SECURE Act, a new law signed by President Donald Trump, will have a significant impact on how Americans save for retirement. The SECURE Act, “Setting Every Community Up for Retirement”, removed some of the hurdles that keep people from…
A few steps to help you create a rainy-day fund
According to the Federal Reserve’s report on the economic well-being of U.S. households, four out of ten adults in the U.S. would struggle to come up with $400 in cash for an emergency, a two percentage-point increase from 2017. The…
Four retirement planning rules to consider
Majority of us look forward kicking back and enjoying our retirement. However, if you do not plan for it, you can end up cash-strapped and miserable. In Maurie Backman’s article, she outlines four important retirement planning rules you should take…
Changes to Social Security in 2020
Do you know what’s new for Social Security in 2020? There are at least three changes you should be aware of they are: higher payroll taxes, larger benefits and a promise of improved customer service. In Mary Beth Franklin’s column,…
Will you retire to run your own business?
If you are thinking about running a business in retirement, experts strongly suggest starting it while you’re still working full-time. By starting while you are still working, you can see what your time commitment will be and understand what your…
How the Secure Act may affect your retirement account
Due to congressional approval of the Secure Act, if you turn 70 ½ after 2019, you can now wait until you are 72 to start making those mandated annual withdrawals from your retirement accounts. Along with age requirement, the updated…
Retire when you want according to people who have done it
We are reminded that retirement is more than just leaving work and retiring on your terms takes planning. But where do you start? The attached article gives eight pieces of advice to help you retire when you want by people…
How to fix it when you realized taking your benefit early was a mistake
In Liz Weston’s article, she answers a reader’s question on difference between rescinding their application or a “do over” and suspending their Social Security benefit. She explains you could use these two potential ways to fix the mistake if you…
Medicare costs going up in 2020
In order to keep pace with cost increases, the premium and deductible for Medicare Part B is going up in 2020, and Medicare Part A deductibles and co-payments are also going up. Although Medicare Part A, hospitalization coverage, is premium…
Important basic rules about Social Security
Social Security is sometimes viewed as a complex maze of rules and regulations, confusing to most and understood by few. But putting all of the myriad of intricate other rules aside, there are a few very basic things which are critically…