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Millennials take note: Social Security will be there for you, but don’t make it your retirement foundation
Younger workers, so-called millennials and Generation X, are skeptical that Social Security will be there for them when it’s time for them to retire. That’s not surprising, with all the news these days about Social Security “going broke” (it’s not)…
Expert advice: Don’t retire until you’re 70
In this CNBC “Make It” article by reporter Emmie Martin, the author relates advice from well-know financial advisor Suze Orman that delaying retirement and postponing Social Security benefits is a wise choice for today’s seniors. Given that you gain a guaranteed…
Retirement risks you shouldn’t ignore
When it comes to planning for your retirement, the only constant you should plan for is change. And, as the saying goes, “the best laid plans of mice and men often go awry”, which is why looking only at what you…
Millennials may be hurt most by waiting to fix Social Security and Medicare
Most Americans know by now that Social Security and Medicare both have financial issues, as evidenced by current projections that Medicare’s Hospital Insurance Trust Fun will run dry in 2026 and Social Security’s “OASDI” (old age, survivor & disability insurance)…
Social Security Administration again says “beware of scammers”
For the 4th time this year, the Social Security Administration has found it necessary to issue a warning to the American public about schemes meant to lure you into revealing your Social Security or Medicare information or even trying to directly relieve…
An alternative investment strategy: Investing for total return
Looking at two fundamentally different investment strategies to fund your retirement can be perplexing, but changes in economic realities make a closer look a worthwhile effort. The “old way”, investing for income while protecting your principal, worked okay when interest…
Keeping your “golden years” golden
About the last thing that any self-respecting senior citizen would want is for their retirement to turn from their “golden years” to a life filled with a shortage of money, robbing Peter to pay Paul, and sacrificing some of life’s…
What’s your personal information worth on the black market?
We’ve all heard of the many instances of hacking of consumer data bases, the most notorious of which was the Equifax breach which saw information on over 145 million consumers compromised. But aside from instilling fears of identity theft, have…
Doing a retirement plan without Social Security
Sure, if you work and earn money, at some point you’re going to start thinking about your retirement and spend some time planning what kind of income you might need. That’s a good thing. But even though you may know…
“Fixing” Social Security – yet another perspective
There’s certainly no shortage of so-called “experts” who have an opinion on how to fix Social Security’s looming financial issues. As you may know, for the first time in decades Social Security will need to dip into its $2.9 trillion…