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Down the Decades: Retirement planning advice for any age
How should you be planning for your retirement if you are, say, in your 20’s? Or in your 30’s? Or, for that matter at just about any age before you’re on your actual retirement horizon? How much should you have…
Changes proposed to how Medicare pays doctors
In an effort to reduce the bureaucratic burden on both physicians and auditors, the Centers for Medicare & Medicaid Services (CMS) is proposing changes to the payment policy for doctors. The new policy proposes that the current doctor payment plan,…
A question to “Ask Larry”: When should I start my benefits?
In this nationally syndicated “Ask Larry” article appearing in Forbes magazine, columnist Laurence Kotlikoff answers a question from a woman whose husband has a pension from an employer who did not participate in the Social Security program. The woman is…
On public employees not participating in Social Security
At the AMAC Foundation, the Social Security Advisory staff regularly hears complaints from teachers and other public service employees who have been affected by Social Security’s Windfall Elimination Provision (WEP) or Government Pension Offset (GPO). These two provisions reduce Social Security…
Start young to save for retirement
It’s an unfortunate fact that most people approaching retirement have too little in savings to live comfortably after they retire. While a young worker might think it’s too soon to worry about their retirement, the reality is that starting to…
Retirement planning: Don’t believe all you read
In this Forbes article by financial contributor Erik Carter, the author laments that he’s recently read several articles by supposed financial experts which do not fully examine the issue at hand before reaching a conclusion, which could potentially lead readers…
Paying off your mortgage not always a good choice
Sure, a debt free retirement is a wonderful thing, but using your retirement savings to achieve it may not be the best choice you can make. After all, with Social Security supplying only about 40% of a typical retirees financial…
Don’t fall for this scam about your Social Security benefits
Although this WHNT News 19 special report was given to residents of Northern Alabama, it serves as yet another stark reminder that there are criminals out there using all kinds of nefarious means to try to get your money. In this report…
Are you forfeiting free money from your employer?
Building a nest egg to take with you into retirement is something that should be in everyone’s plan for their future. Unfortunately, far too many pre-retirees find themselves with very little money saved, which could portend a pretty rocky road…
When someone steals your Social Security benefit
It’s a sad commentary on human honesty, but in today’s electronic world there is always someone out there looking to access your personal information and steal your money. That’s especially true of your Social Security benefits which are automatically and…