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Americans concur: Fix Social Security!
According to a recent survey, most Americans are aware of Social Security’s future financial woes and want the problem to be fixed. While a significant percentage suggest simply increasing funding is the way to go, an equally impressive percentage of survey respondents…
Phone scams: Impostors calling more than ever
The whole phone scam epidemic seems to be reported in the news a lot more frequently now, which is a good thing. But the reason for the increased reporting is that the volume of impostor calls, as well as the…
Social Security scam calls; here’s what to do if you get one
That scam artists are calling people trying to extract personal information is not exactly new news, but unfortunately the scammers are getting more and more sophisticated in their methods. A basic rule to understand is to never, ever give out…
Benefits for a child when a Social Security-eligible parent dies
Social Security survivors benefits are most often thought of as available to a spouse who survives someone who is collecting, or at least eligible to collect, Social Security benefits. What’s not so commonly understood is that the surviving minor or…
Living on Social Security alone won’t mean a comfortable retirement
Financial Advisors have been preaching for years that, even if you maximize your benefit amount, your Social Security income won’t be enough to provide you with a comfortable retirement in your so-called “golden years” – you’ll need some kind of…
If you are self-employed, here is how to save for retirement
Only 30 percent of small business owners felt even “somewhat confident” that they will be financially ready to retire at some point according to a recent survey by Paychex. Why? The culprit is: A lack of savings. According to Forbes,…
Will financial literacy prevent poverty in retirement
A recent recommendation from the federal government that financial literacy course become “mandatory” for college students. Why? The motivation for this recommendation is from the government’s Financial Literacy and Education Commission, is “empowering individuals to make optimal financial choices”. In…
The many faces of phased retirement
As the workforce ages, phased retirement grows. Depending on your organization, a majority of phased retirement programs allow employees to return to work while collecting some specific benefits. Employers may have a limit to the number of hours the employee…
Here is why you should not claim Social Security at 62
Many would-be Social Security beneficiaries use a break-even analysis to decide when to claim their benefit. A break-even analysis tells them the age (or ages) when it makes the most financial sense to claim benefits. But experts say it shouldn’t…
Medicare is a patchwork of several different programs
Do you know that Medicare is a patchwork of several different programs? Figuring out what is and isn’t covered by Medicare can be a challenge for majority of enrollees, but the attached article reviews the various sections of Medicare coverage.…