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Why you should not rely on working in retirement
According to a new survey by CNBC and SurveyMonkey, over 25 percent of workers intend to work in retirement. However, research has shown that workers “often retire earlier than planned, perhaps due to a layoff or poor health.” Granted, it…
H.R. 3784 Victims of Identity Theft Act
The U.S House of Representatives H.R. 3784, the Improving Social Security’s Service to Victims of Identity Theft Act, was passed unanimously by the Ways and Means Committee. The bill will force the Social Security Administration to streamline its processes for…
Has auto-enrollment in retirement plans worked?
Has auto-enrollment for employees into the company’s retirement plan worked? According to new research, these features helped less than previously thought. Why? “In the real world, looking at how people behave — people leave jobs, cash out their 401(k)s or…
Retirement is evolving
Many people still hold the traditional idea that the retirement age in America is 65, but that is no longer the reality for many Americans. Individuals and companies base their decisions on this traditional retirement age concept. Those decisions range…
Are you guilty of napkin math?
Are you guilty of “napkin math” when deciding when to take Social Security? I think we all are, but how reliable is the math? Do you have all the necessary information to make an informed decision? Dana Anspac explains how…
Do you know what COLA means to retirees?
Although the official annual Social Security cost-of-living adjustment, or COLA, will not be announced until October 10th, the news media is buzzing with estimates on the percentage of the increase. But what does COLA mean to retirees? Adam Levy outlines…
Optimism about reaching your retirement goals
Have Americans turned the corner in their confidence that they will be able to meet their retirement goals? The latest survey from the Nationwide Retirement Institute found that 65 percent of workers say they “are on the right track when…
Medicare Open Enrollment is just around the corner
The annual Medicare Open Enrollment is right around the corner. The open enrollment period runs from October 15th to December 7th each year, when people with Medicare can review features of their Medicare plans offered and make changes to their…
Does your state tax retirement income?
Do you know if your state taxes your Social Security benefit and retirement income? Yes, some states do not tax your Social Security income, and some states do, but it is a modest amount. So, what about other forms of…
You may not want to wait until 70
You can start your retirement benefit at any point from age 62 up until age 70. Your benefit will be higher the longer you delay your start date. Although starting your benefits at age 70 will maximize your monthly income,…