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More Discussion on Social Security Reform
Former presidential appointee and current senior policy fellow at the Bloustein School of Planning and Policy, Rutgers University Richard Keevey shares some thoughts on approaches to reforming Social Security in the face of its looming insolvency problem. After discussing the Congressional Budget…
Disability and Social Security Spousal Benefits
The question of how a spouse’s SSDI benefits relate to the ability to apply for benefits on the other spouse’s work record is one that arises frequently. Newsday’s Lynn Brenner provides an analysis of these two types of benefits coincide, including…
Envisioning Retirement…A Way to Help You Get There
A recent Capital Group survey sheds light on the power of imaging in one’s mind what a desirable retirement will be, noting that “When people envision how they want to live in their retirement years, they are motivated to save…
Understanding the Retirement Savings Contributions Credit (Saver’s Credit)
Kiplinger contributing editor Kimberly Lankford offers a briefing on the IRS Retirement Savings Contributions Credit (Saver’s Credit), a tax provision designed to provide incentives for certain individuals to add to their financial savings. Her post highlights the rules and the mannder in which…
Social Security’s Future: The Millennial Perspective
Call them Generation Y, Gen Y, or “echo Boomers,” but know one thing: this group of future retirees called Millennials appears to be growing worried about the future of Social Security. Millennials, generally considered to be those born from the…
Giving Thanks for the Watchdogs
On this Thanksgiving Day, let’s add a note of thanks for those who keep track of the never-ending stream of scams and frauds coming at us all the time. IN this regard, the editorial staff at petoskeynews.com recaps a comments from the…
Pace of Retirements Continuing to Accelerate
You’ve most likely seen the oft-repeated statistic that 10,000 “Baby Boomers” turn 65 each day (unfortunately, by the way, that specific statistic perpetuates the myth that age 65 is the “normal” retirement age!) Well, that 10,000 number is growing. In…
Thoughts on the “When to File” Question
Leaving the workforce before one’s Social Security full retirement age appears to be the most prevalent reason for claiming Social Security benefits early, according to a study reported in the Journal of Financial Planning. In an article posted by Marlene Satter on…
Social Security Decisions Can be a Source of Headaches
In their 2017 Brain on Finance Study, analysts from Northwestern Mutual note that 80% of Americans “are financially anxious…and that’s affecting their physical well-being.” From the extreme amount of concentration needed to make financial decisions to the corresponding stress that a do-it-yourself…
When Giving Thanks, Don’t Overlook Your 401k Plan
For anyone fortunate (and wise enough) to take advantage of the 401k plan offered by an employer, there is ample reason to give thanks for the benefit that these plans bring to their retirement planing processes. Forbes contributor Rick Unser highlights…