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The sins of retirement planning
Have you committed one or more of the seven deadly sins of retirement planning? If you have a feeling that you could be doing a better job of retirement planning, check out the attached article to learn what the seven…
Using your Health Savings Account for a retirement savings strategy
It’s difficult to estimate what our future medical costs will be, but you can start saving for these medical costs now by using a Health Savings Account (HSA). Although many people use their HSA for their current medical expenses, it…
Cost of Living Adjustments for Military Retirees
The Defense Department announced beginning January 1st, most military retirees, enrollees in the Survivor Benefit Plan and survivors of service members who died on active or inactive duty, will receive a 2.8 percent increase to their retired pay. Additionally, survivors…
Public employee offsets
About 10 percent of Americans work at jobs that are not covered by Social Security; usually these are state and local government jobs. For workers who spend the bulk of their careers in jobs not covered by Social Security are…
Baby boomers hold less wealth than previous generations
According to the Pew Research Center there are currently more than 70 million baby boomers in the United States. This generation face more risks to their retirement than previous generations. According to a new report by the Stanford Center on…
Retirement plan limitations are increased
Along with the Social Security Administration announcement of the 2019 cost-of-living adjustments, the Internal Revenue Service announced their 2019 cost-of-living adjustments to the dollar limitations for qualified retirement plans and other benefits. Click on the attached link for the list…
Three positive points about Social Security to remember
Social Security continues to provide crucial retirement benefits to millions of seniors despite the doom and gloom surrounding it. The attached article lists three positive points about Social Security to remember the next time you hear about its shortcomings. Read…
Phases of retirement
Are you familiar with the four phases of retirement? If not, then this article is for you. Click here to read the attached article explaining the four phases of retirement and how only 20 -25 percent of retirees ever reach…
It pays to understand how Social Security works
A minor misstep can rob your nest egg of tens or thousands of dollars in retirement benefits. It pays to understand how Social Security works and how to maximize your Social Security benefit. Here are seven of the biggest and…
More employers are developing financial wellbeing initiatives
According to the 2018 Gallagher Benefits Strategy & Benchmarking Survey more employers that offer retirement programs are measuring the financial readiness of employees to retire. Employers have found the consequences of issues that employees experience if they’re financially underprepared for…