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Ways to boost your retirement income
One thing is for sure: having more money in retirement is preferable to having less. During you working years you were probably aware that the more of an effort you make to fund a retirement account, the more income you…
Tax-deferred doesn’t mean tax-free
In nearly 40 years since 401(k)s made its debut, it has emerged as one of the premier tools to save for retirement in America. In a recent poll of 401(k) participants across the country, many of them consistently say it’s…
IRS will increase Health Savings Account limits in 2020
The Internal Revenue Service announced a new, higher contribution limits for health savings accounts for 2020. Health savings accounts come with a triple tax benefits; you put money in on a tax free basis (usually through salary deferrals), it builds…
Setting Every Community Up for Retirement Enhancement Act
In an effort to improve the nation’s retirement system, the House of Representatives passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act by a 417-3 vote. The bill should soon make its way to the Senate, where lawmakers…
How much should you be saving for retirement
So how much do you think retirement will cost? Your retirement savings number depends on your current income, the amount you think you’ll need each year in retirement, what you’re going to be receiving in Social Security benefits, whether or…
Do you have a backup retirement plan?
Do you have a backup retirement plan? Why? In a recent study done by the Center for Retirement Research at Boston College, only 20 percent of the participants plan to retire early by 61, while 55 percent of those participants…
Women and Social Security
Women tend to depend more on Social Security than men. Why? For several reasons, including longer life spans, lower average earnings and more time spend away from the workforce to care for family members. According to the Social Security Administration,…
Identity thieves are stealing children’s IDs
We as parents do everything, we can do to keep our information safe from identity thieves, but we are forgetting that thieves are also after our children’s information. A recent news team discovered crooks are targeting kids as young as…
There are many ways to claim Social Security benefits
What is the best age to begin collecting Social Security? Well, that depends on a few factors. The attached article list some of the little-known Social Security benefits that can make a big difference in your retirement income. Read article…
How income affects Social Security benefits
Millions of Americans depend on Social Security to provide a big portion of the money they need to make ends meet in retirement, as well as covering millions more who become disabled earlier in their careers. The Social Security system…