Latest News
Questions you need to ask before you retire
Financial wellness studies consistently reveal that retirement is a top financial priority; however, there is often a disconnect between “desired” retirement dates and the actual realistic target date for retirement. Perhaps there are other more important questions that should garner…
Should you fill up your HSA first instead of your 401(k)?
Do you have High-Deductible Health Plan (HDHP) with Health Savings Account (HSA)? Are you contributing as much as you possible can? Why you ask? The article points out the advantages of HSAs and why you should prioritize your HSA contributions…
Find out what thieves want to take from you and how they do it
Over the past couple of years, the Social Security Administration (SSA) Office of the Inspector General has warned Americans about the rash of con artists seeking to get vital information by following a simple strategy: impersonating government employees from the…
Social Security’s asset reserves explained
Not since 1982 has Social Security run a deficit (pay more in benefits than is collected in payroll taxes) until 2018. For 35 years, then, asset reserves have built up, as explained by Sean Williams in this Motley Fool article,…
Five key tips to make the most of your Social Security benefits
The Motley Fool’s Selena Maranjian has these five tips for folks nearing retirement. One, know your full retirement age. It could be between 65 and 67, depending on birth year. Two, know how much income to expect. Three, learn how to…
Social Security myths that could cost you dearly
Over 60% of Social Security beneficiaries rely on those benefits for at least half their income, according to the Social Security Administration. Therefore it is so important to make the most educated decision you can about when to start collecting. Katie Brockman…
Some retirement changes being proposed in GOP’s drive to make tax cuts permanent
CNBC notes stage two of tax reform is set as House Republicans aim to make permanent individual tax cuts passed last year and to ease rules around retirement savings. The bill advancing through the House Ways and Means Committee, which…
Federal Government options for dealing with Social Security’s ailing financial health
Sean Williams of The Motley Fool lists eight options the federal government has at its disposal for dealing with the looming shortfall in Social Security expected in just over a decade. Some include raising the retirement age to means-testing as well as…
Social Security quiz: retirement ages, benefits, and numbers
Social Security payments go out to over 62 million beneficiaries every month. It’s also the single greatest expenditure of the federal government at over $950 million per year. But how well do people understand the basics of this important program? …
Millennials, Social Security, and Retirement
For the 83 million Americans born between 1982 and 2000 (commonly referred to as Millennials), retirement is a ways away. But a big worry looms large for this demographic group, namely that despite all they’re paying into Social Security now, a full 80% state they…