Latest News
The Importance of Staying Engaged in Your Retirement Years
Loneliness can be a killer–literally, Reuters.com columnist Chris Taylor provides and analogy of how one retiree succumbed to the ravages of aging alone and disengaged, and provides several key recommendations to prevent falling in to this trap. They all focus…
Average 401k Balances: How do You Stack up?
Vanguard Marketing Corporation recently released its “HOW AMERICA SAVES 2018” briefing, noting that the average 401k balance held by participants in their plans to be just under $104,000. As The Motley Fool’s Maurie Backman notes in her post on cumberlink.com about…
Young People, Listen Up…Here Are Some Suggestions That Will Benefit You
Yes, it’s difficult to save for something as far away as retirement and, yes, it’s easy to assume that Social Security will carry the day for you when that retirement date comes. And if that’s your outlook on the retirement…
Understanding Your “Claiming Age”…and What it Means to Your Social Security Benefits
The implications of not understanding what your decision regarding when you claim Social Security means in the long run are severe….to the tune of up to the loss of a 76% “bonus” in your monthly benefits. The Motley Fool’s Sean Williams…
Social Security News Coming at you Via Social Media
Social Media outlets have become a regular part of the news and information channels delivering Social Security information to the public. In a post today on syvnews.com, Social Security Administration public affairs specialist Jackie Zaragoza discusses several of theses outlets, providing…
Social Security’s Retirement and Disability Provisions–Understanding Eligibility
Not knowing the rules governing the overlap of retirement benefits and disability benefits can result in a tactical mistake that can cause long-term loss, according to an article posted by David W. Magann, P.A. on www.lawfirmnewswire.com, Using a real-life analogy, Magann illustrates…
The Tax Man Cometh…Even in Retirement
It can come as an unexpected wrinkle in one’s retirement financial plans, this issue of income tax. Many folks are not aware of the fact that their Social Security benefits might well be subject to income tax, when added to…
The Plight of Younger Folks in Retirement Planning
From Social Security solvency concerns to the ever-present difficulties in saving for the future, planning for eventual retirement appears to be a growing worry for younger workers. In fact, as Maurie Backman points out in an article posted on wcfcourier.com, “67% of millennials…
Determining Financial Needs in Retirement: It Goes Beyond Social Security
Figuring out how much income you’ll need for a satisfactory lifestyle is not a simple thing, and the closer one gets to their intended retirement date, the more daunting the task appears.Certified Financial Planner and Aiken Standard columnist Greg Roberts provides…
Your “Primary Insurance Amount”; the basis of your benefit
Though most people never dig deeper than the benefit amount they will receive at any given age, the fact is that your Social Security benefit is based upon one number which is the foundation for computing your payment, regardless of which…