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“Gen-X” behind the 8 ball with their savings
“Gen-X’ers”, that loosely defined generation of people born between the mid-60’s and mid-80’s, seem to be heading for a painful future retirement because most of them have little or nothing saved for their so-called golden years. And, sadly, most of the…
New SSA changes could affect SSDI claimants’ representatives
Social Security Disability Insurance (SSDI) is notoriously backlogged with claims, about two-thirds of which are initially denied. A denial often ends up in Social Security’s disability appeal process which can ultimately go before an Administrative Law Judge (ALJ) for resolution. A whole…
Older workers staying on the job is more effective strategy than increasing savings
According to new research by the National Bureau of Economic Research (NBER), working a little longer and postponing the start of Social Security benefits can raise annual retirement income by as much as a modestly higher saving rate over several…
Sorting through the misconceptions surrounding annuities
With so many different types of annuities to choose from, it’s essential to understand what’s involved with this type of investment option. The attached article sorts through the most common misnomers about annuities and identified the realities behind them. Read…
Your life expectancy is an important factor in developing a retirement plan
To meet the goal of every retirement plan, which is to ensure your income and cash flow last at least the rest of your life, you need a reasonable estimate of your life expectancy. In most plans, the life expectancy…
No Gaps In Understanding: Here’s Your Primer On Medigap Coverage
(By Judith Graham for Kaiser Health News) Every year, older adults can opt out of a Medicare Advantage plan and opt in to original Medicare during open enrollment season, which begins on Oct. 15. But unexpected problems can arise with…
Early retirement unrealistic for many
Depending upon which demographic you fall into, your opinion of your “ideal retirement age” is probably different from those folks in a different demographic. Millennials tend to think that 61, or even earlier, is a good target age to hang…
Another Social Security scam alert!
It seems as if there’s no end to the shenanigans criminals will try to bilk you out of your money, and your Social Security benefit is a prime target for those with nefarious intentions. In this Sweetwater Now (WY) press release…
When to take Social Security? It’s always a personal decision
In this article by Holly Peterson appearing in the Idaho State Business Journal, the author discusses some pertinent Social Security facts and also some things to consider as you try to decide what age to start benefits. But fitting Social…
Garnishing your Social Security benefits
Seeing as how so many millions of Americans rely heavily on their Social Security payment to make ends meet, the thought of having your benefits garnished is pretty scary indeed. Of course the best way to avoid even worrying about…