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So, you want to be a millionaire at retirement? Here’s a pathway to getting there.
The statistics…and the news reports covering those statistics…seem to be relentlessly stressing how financially unprepared future retirees are. And to further compound the confusion, just about every few days we see a new projection of how much you’ll need to…
Understanding Social Security’s “Representative Payee” Provision
Elder abuse and fraud perpetrated on seniors is a major concern to Social Security, so much so that the agency maintains a provision to help protect those beneficiaries unable to safely and securely manage their own finances. It’s call the…
For Those Planning to File Early and Continue Working…
You’ve seen the statistics on the absence of adequate savings among those aging into their retirement years, and you may be in that category and planning to continue working as a way around the problem. If so, you need to…
Some Pointers on Seeking Financial Advice for Retirement
Unbiased financial advice for those planning for their retirement years is difficult to come by, according to an article by Forbes contributor Peter Fisher posted on www.forbes.com. Fisher comments on the impact of conflicts of interest on the part of financial advisors…
The Hidden Impact of Drawing from Retirement Funds Early
Just about everybody knows that the pathway to a secure and comfortable retirement is the accumulation of a nest egg. And one of the surest ways to build this nest egg is to stick to a steady plan of contributing…
Making Sure You Get Your Due
As in most areas of life, the bottom line is that we are all responsible for ourselves. That’s also true when it comes to Social Security, and The Motley Fool’s Maurie Backman helps drive this point home with a list of…
If you’re in your 50’s, here are some tips for retirement planning
While there’s no question that starting to plan for retirement as young as possible is ideal, the reality is that those earlier years are filled with a myriad of financial responsibilities which make saving for retirement a huge challenge. That’s…
Roll out of new Medicare cards (sans Social Security number) continues
Since April of this year and continuing until April of 2019, new Medicare cards are being mailed to beneficiaries on a state-by-state basis. These new cards, in an effort to reduce potential fraud, no longer include Social Security Numbers as…
When you can’t manage your own finances & Social Security payments
True, the vast majority of Social Security recipients are perfectly capable of managing their own finances, including their monthly Social Security benefit. But it’s equally true that there is a subset of beneficiaries who simply cannot, for a number of…
Just how important is Social Security?
Most of us intuitively understand that Social Security is a program which is extremely important to America’s senior citizens. Statistically, we know that about a third of recipients rely on their monthly Social Security payment for at least 90% of…