Latest News
How to find out what your Social Security benefits will be
Not even an income of $100,000, which is above the national average of $51,960, is necessarily enough to ensure financial security for the rest of your life. So, you should get busy planning for your retirement which includes knowing how…
Improvements to your 401(k) you and your employer can make
Few retirement options are better than a 401(k). You can make pretax contributions, get tax-deferred investments and if offered by your employer, free money via an employer match option. However, many 401(k) plans are not living up to their potential…
Choosing Medicare or not is one of the most important decisions pre-retirement
As 10,000 baby boomers turn 65 everyday, signing up for Medicare is one of the most important decisions you need to make pre-retirement. One question that many working individuals have: Should I switch to Medicare or stay on my employer…
The possible effects of retirement on your health
With the growing popularity of the Financial Independence/Retire Early (FIRE) movement taking place, in Mark Hulbert’s opinion column published on MarketWatch, he explores several recent studies that are shedding new light on the effects of early retirement on your health.…
The new retirement numbers for 2020
The new year is almost upon us and its time to review some important retirement numbers. If you are under the age of 50, you will be able to put away up to $19,500 in a 401(k) plan and up…
If you have a good retirement income, you may come to dread mandatory RMDs
IRS warns: “You cannot keep retirement funds in your account indefinitely.” Like it or not, the tax man wants his money from all the years you have been able to let your investment contributions grow taxed deferred in your IRA.…
Retiring early could hurt your finances
Retiring early is a risky prospect because if you don’t plan well enough or save well enough for it, you could wind up cash strapped. Depending on your circumstances, your Social Security benefits might take a large hit too, and…
Why you should not count on Social Security for your retirement
The Employee Benefit Research Institutes reports an estimated 59 percent of retirees today regard Social Security as a major source of income. This is a troubling for many reasons. First, Social Security benefits are only designed to replace about 40…
Beware of these new Social Security phone scams
According to a report from BeenVerified, the Social Security phone scam is by far the most common phone scam this year with an astonishing 23-fold rise in frequency. The study found spam calls targeting Social Security numbers accounted for a…
From AEI – Rethinking the “Retirement Crisis”
American Enterprise Institute Resident Scholar Andrew G. Biggs offers conjecture on what many sources term “America’s retirement crisis.” In his opinion, the “crisis” is overblown, and he presents a statistical view to support his opinion. The video presentation, posted on…