Latest News
Social Security cuts may happen in 15 years
According to a report by the NY Times, Social Security will have depleted it’s reserves in about 15 years, which will result in a cut in benefits at that time. That is, unless Congress starts working together across the aisle…
Use Social Security to secure your retirement savings
According to pundits, about half of Americans will suffer an income shortfall to cover essential expenses in retirement. That’s a pretty sobering statistic for anyone trying to plan for their so-called “golden years.” but one which should cause us to…
Don’t make these mistakes in retirement
Most of us look forward to the day when we can finally hang up our work clothes for good and laze idly in the sun dreaming about what we might want to do tomorrow. And most people know that planning…
Will Social Security go “bankrupt?”
It might be called a play on words, but Social Security can never really go “bankrupt” in the sense that it won’t be able to pay any of it’s obligations to America’s senior citizens. But that doesn’t mean that there…
Where does Social Security fit in your retirement plan?
Let’s face it – Social Security will be an important part of nearly everyone’s retirement plan. Given that fact, it makes a lot of sense to pay close attention to when and how you claim benefits, because what you get…
Retirement Savings: How much should you have?
One of the biggest factors in any retirement plan is how much money you will need to have saved before you start your golden years. That is, how big should your nest egg be to cover expenses over and above…
Who can get Social Security benefits?
Most people think of Social Security as a retirement program for older senior citizens, and for about 70% of America’s Social Security’s 63 million recipients that’s exactly what it is. But Social Security is much much more than just a…
Social Security: Could higher China tariffs mean bigger COLA?
Social Security’s Cost of Living Adjustment (COLA) is meant to keep benefits for seniors who are dependent on the program at least on a par with inflation. COLA is determined each year by changes to the Consumer Price Index which…
Consider risk in your retirement planning
As the saying goes, “The best laid plans of mice and men often go awry,” and that is especially true in your retirement plan. Have you included “longevity risk” (outliving your money) in your plan? How about “inflation risk” or…
Where Social Security should fit into your retirement plan
There are few who would argue against the fact that Social Security will play an important role in nearly every American’s retirement plan. But unfortunately, far too many people overestimate what their Social Security income will look like when they…