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The Relationship Between Social Security and Senior Independence
Independence Day is hurtling toward us. That’s a good time to pause and consider the relationship between Social Security benefits and the day-to-day independence these benefits bring to 62 million Americans. This post by Social Security District Manager Elizabeth Gildea, appearing on www.dailyiowegian.com,…
Some ideas on how to save more for your retirement
Many of us appear not to be contributing enough to our 401(k) plan account to fund a retirement that doesn’t require reducing our standard of living. Some of us struggle with how we could possibly save more. The attached article…
What you should know about the Medicare Trust Funds
Most people know about the Social Security Trust Funds, but Medicare also has trust funds and they play an equally vital but somewhat different role in protecting Medicare participants from financial hardship. Find out why fewer people worry about Medicare…
Even bigger issue to worry about beyond a potential reduction of Social Security benefits
The concern about Social Security cuts is not the only problem…there is a bigger issue to worry about. The troubling news is that about 34 percent of current recipients rely on Social Security to provide 90 to 100 percent of their…
Higher financial literacy, lower risk of being hospitalized
A recent journal published in the Lippincott portfolio by Wolters Kluwer suggests that being more knowledgeable about finances can help keep older adults out of the hospital. The finding supports the notion that financial literary – the ability to access,…
Five Ways to Fight Elder Abuse, Neglect, and Financial Exploitation
As Americans, we believe that people of all ages and abilities deserve to be treated fairly and equally and to live free from abuse, neglect, or financial exploitation. Tomorrow, on World Elder Abuse Awareness Day, we join the world in recognizing…
What you don’t know about Social Security could cost you money
MassMutual released their findings from a five true-false question survey of adults aged 50 and over on Social Security and found that 47 percent of all survey-takers failed. What you don’t know about Social Security or understand about the nation’s…
Your martial status affects your retirement wealth
According to a new study by the Center for Retirement Research (CRR), net financial wealth in households that have never suffered through divorce is about 30 percent higher than in comparable households that have. On average, divorce puts you at…
Retirement crisis by the numbers
According to the Employee Benefit Research Institute’s annual survey, nearly half of Americans nearing 65 years old have less than $25,000 put away and one in four don’t even have $1,000 saved. The retirement crisis in the United States today…
Taxes are always with us
Even in retirement, taxes are a part of the American experience. Retirees must be mindful of how your income strategy affects your tax obligations and how that can impact your overall financial picture. There are several factors at play when…