Latest News
Even the top earners are not saving sufficiently for the future
Many Americans struggle with saving enough for retirement. Even the workers in the upper quintile of earnings had median retirement wealth of just $294,700 which according to Schwartz Center for Economic Policy Analysis isn’t nearly enough. Although, the top earners…
How much money do you really need to retire
We are all guilty of searching the internet looking for how much cash we need to retire only to find plethora of estimates ranging from $1 million to $10 million and beyond. But knowing how much savings you need to…
If you file at 62, you’ll wind up regretting it.
When to begin your Social Security benefits isn’t an easy decision since the Social Security Administration gives you’re an eight-year window for signing up. You can file for your benefits at 62, the earliest age you can file for benefits,…
Delaying Social Security can result in a much bigger payday
There is no one-size-fits-all answer when it comes to picking the best time to claim your Social Security benefits. The earliest age possible you can take Social Security retirement is age 62, and while you may enjoy your benefits while…
Fifty-one million working adults are without disability insurance beyond basic Social Security
You save your money and plan ahead for a leisurely retirement until life throws a curveball and lands you on disability. A new study from The Standard found that being forced to take time off to recover can make retirement…
Got an RMD for 2019? You have less than four weeks to get it together or face a 50 percent tax penalty
Are you 70 ½ or older and have an IRA? Have you taken your RMD yet? Well you have less than four weeks to take your mandated withdrawals from your retirement account or face a penalty of 50 percent of…
Avoid these mistakes or you may wind up hating your retirement
You are supposed to enjoy retirement; however, a recent Nationwide Retirement Institute survey found over a quarter of retirees say life is worse now that they are no longer working. Why? The attached article looks at three reasons why you…
Medicare and FEHB
Are you retiring soon and not sure you should take Medicare with your Federal Employees Health Benefits (FEHB) plan? Medicare has four parts and you should know which parts you do and do not need. The attached article explains the…
Defined benefit pensions head for extinction
A defined-benefit pension, which typically provided guaranteed monthly payments to workers when they retired, is headed for extinction, and remaining pension funds are in tough financial shape. According to a new report by Mercer, U.S. pensions plans are near their…
Ways to boost your Social Security benefits as much as possible
Social Security will only replace about 40 percent of the average wage earner’s pre-retirement income; however, majority of seniors will need around twice that amount to maintain a decent standard of living. In a perfect world, Social Security would not…