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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…
Making sure your future employer offers the best 401(k) or 403(b) plan possible
About 1 in 3 workers has less than $10,000 saved in their workplace retirement plan. Working for a company that offers the best retirement plan possible is one way to make sure you do better than that. You don’t know…
The advantages of a Health Savings Account
Are you worried about medical costs in retirement; then it may be time to get a health savings account (HSA). “Health savings accounts have the most tax advantages of any account out there” Mychal Eagleson, president of An Exceptional Life…
Modernization of the 4% rule
In 1994, financial adviser William Bengen introduced the concept of the “4% rule”; it was developed to answer the question, “How much can I safely withdraw from my retirement savings each year and have my nest egg last for the…
Social Security Online Tools Innovation Act, H.R. 3309
The House Ways and Means Committee’s Subcommittee on Social Security and Tax Policy passed the “Social Security Online Tools Innovation Act,” H.R.3309, which requires the Social Security Administration to provide online tools to help individuals assess their disability benefits. Read…