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More workers are leaving their money in their former employers 401(k)
According to Fidelity data on its workplace retirement accounts, 55 percent of workers are choosing to leave their assets in their former employer’s 401(k) plan a year into retirement, and then they sometimes touch those accounts for another few years.…
Social Security for future generations of Americans
We are all aware that, starting next year, Social Security is entering a new era; benefits will be sustained not only by current payroll taxes but also by withdrawals from reserves accumulated over the last three decades. In the attached…
What You Should Know About Applying For Retirement
(Source: Social Security Administration) Approaching and preparing for retirement can be a daunting task, but we are here to make it as easy as possible. Social Security has eliminated the forms, signatures, wait time, and appointments. We made it easy,…
Why you should sign up for an FSA or HSA
According to a survey of nearly 2,200 U.S adults by Morning Consult and CNBC, only about 13 percent of Americans currently have a FSA account and only about 17 percent have an HSA. Health experts say these accounts are a…
Uncashed payout checks from retirement plans are still taxable
The IRS’s Revenue Ruling 2019-19 spells out that you owe tax on the amount for the tax year in which the plan distributed the money even if you don’t receive your check or cash it until the following year. The…
Is student loan debt holding up your retirement?
Student loan debt is often portrayed as a problem that affects the young, but according to recent research on student loan debt by The Ascent, billions of dollars are owed by people over the age of 50, including loans being…
This simple retirement question stumps a lot of people
There are plenty of questions and factors to consider when you are preparing for retirement. But there is one of the simplest retirement questions out there that stumps a lot of people. A third of workers cannot answer this basic…
You can enroll in Medicare in one of three ways
One of the frequently asked questions is: How do I sign up for Medicare? If you are not already receiving Social Security benefits, you will be automatically enrolled in Medicare at age 65 if you’re already receiving Social Security benefits,…
Social Security’s disability program and wounded warriors
The Social Security’s disability program is an important part of our country’s obligation to wounded warriors and their families. For military members who return home with injuries, Social Security is a resource they can turn to at www.socialsecurity.gov/woundedwarriors. This site…
Longevity planning for couples
People 50 years old and older have the highest divorce rate of all age groups according to Pew Research. In fact, the Baby Boomer divorce rate, gray divorce, has doubled since the 1990s. Social observers have offered many reasons including…