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What if your employer does not offer a 401(k)?
The recent survey from American Advisors Group (AAG) found approximately 46 percent of workers do not have access to work-related retirement benefits. If you work for one of those companies, preparing for retirement requires a little more planning and work…
The Health Savings for Seniors Act (H.R. 3796)
The Health Savings for Seniors Act (H.R. 3796) a bipartisan legislation would allow any senior enrolled in Medicare to contribute to a health savings account. Under current law, seniors are prohibited from contributing to an HSA once they enroll in…
Is working from anywhere in your future?
In a recent study by Gallup poll, it found that 43 percent of Americans worked remotely “at least sometimes.” In that same year, the US Census Bureau reported that 5.2 percent (or 8 million) employees were based entirely at home,…
Avoid losing money when saving for retirement
According to a survey from Northwestern Mutual money is our most common source of stress. The average U.S. worker is still struggling to save for retirement which can be particularly stressful because of its complexity; given that our individual financial…
Are you willing to take a 30 percent reduction in your monthly benefit?
If you take your Social Security at 62, you are cutting your total monthly benefit relative to waiting to 66 or later. Fidelity Investments found if you start taking Social Security at age 62, rather than waiting until your full…
What is the key to your retirement future?
Eight out of 10 millionaires said investing in their employer-sponsored retirement plan – which included 401(k)s was their main tool for reaching millionaire status according to the National Study of Millionaires. The attached article takes a closer look at what…
Data shows baby boomers are short on retirement savings
According to a new survey by real estate company Clever, today’s baby boomers are short on retirement savings. The average boomer only has $136,779 in retirement savings but remember seniors are living longer these days and those who leave the…
Why it is important to check your earnings history
Social Security is an earned benefit and your earnings history is the record used to calculate your benefits. Social Security keeps track of your earnings you’re earned over your lifetime. Therefore, reviewing your Social Security earnings record is important; your…
What you need to know about Social Security Spousal benefits
Are you planning on claiming your Social Security spousal benefits? But what if your spouse never worked? Good news is that even if you never earned a paycheck in your life, you may still be entitled to Social Security. The…
Social Security: Why Cutting Benefits Is a Necessary Evil
Sean Williams explains that the long term sustainability of Social Security must be addressed soon. One way to do this is to bring in more revenue, either by raising the payroll tax from its current combined 12.4% on employees and…