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Three Social Security Myths and How They Can Cost You
Social Security is one of those topics that just seems to attract “experts”…that is, outspoken sources of opinion and rhetoric comprised mostly of myths and misunderstandings. There are the basic untruths, like “The politicians stole all the money!” and “Illegal…
Millennials: Here’s Some Guidance on Building Wealth for Retirement
Kiplinger contributor Tom Presley, CPA, CFP®, in a post on kiplinger.com, takes aim at ten common mistakes that some younger folks make on the way to career development…mistakes that cause then to fall behind in their efforts to build wealth and…
Healthcare Spending in Retirement: Now Approaching $300,000
Even with Medicare, retirees today can expect to absorb an enormous tab for healthcare during their later years. According to The Motley Fool’s Katie Brockman, this tab can be expected to reach $296,000. Her analysis is based on the results of…
The 4% Withdrawal Guideline
Many retirees have pondered the question of how much of the nest egg can be withdrawn each year without jeopardizing the overall life of that cash reserve. One of the most consistent rules of thumb that folks follow is the…
Retirement: It’s More Than a Financial Adjustment
We dream of those days when every morning is a Saturday morning…no schedule, no commitments, free and unplanned time to do whatever we want. But wait! According to Jane Young, certified financial planner and contributor at gazette.com, “Everyone is aware of the…
Thinking about re-joining the workforce?
Many folks planning to enjoy the comfort of retired life find that there’s an attractiveness to jumping back into the world of work, at least at some level. And there can be sound reasons for this, as The Motley Fool’s Maurie…
Attention, Educators: Social Security Basics for the Young
(Source: Social Security Administration) Social Security has created a resource specifically for teachers and students. “Encouraging young people to save now for long-term goals that are decades away can be somewhat difficult. Let them know they have a better chance…
Social Security Services for the Hispanic Community
(Source: Social Security Administration) Social Security is with you throughout life’s journey. Hispanics make up our nation’s largest ethnic minority group with a population of 58.9 million, representing 18.1 percent of the nation’s total population. During Hispanic Heritage Month, we…
The Health Savings for Families Act of 2019 (H.R. 4576)
The Health Savings for Families Act of 2019 (H.R. 4576) would give families the ability to utilize the tax advantages of both a health savings account (HSA) and a health flexible spending account (FSA). This bipartisan legislation would eliminate the…
What is a custodial IRA?
What is a custodial IRA? It is a way for someone younger than 18 to open a Roth IRA. These accounts are managed by a parent or grandparent until the individual is no longer a minor (typically at age 18),…