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Want to retire richer? Here’s how
Of course you do!! Everyone wants their retirement to be as financially secure as possible. But if you’re relying on Social Security alone to provide your retirement income you’re going to be sorely disappointed – you’ll need other income to…
Working during retirement, and how to customize it to suit you
A new reality is rapidly emerging, and that is that “retirement” is no longer thought of as “not working” by more and more people. Face it, going from a lifetime of 40+ hour work weeks to sitting idle and not keeping your…
The “FICA” payroll tax: An explanation
All of us who work and earn can see on each and every pay stub that a “payroll tax” or “FICA” (Federal Insurance Contributions Act) tax is withheld from our hard earned wages. And since it reduces our take-home pay,…
The Social Security Problem in Numbers…Big Numbers!
Social Security’s insolvency is hurtling at us like a freight train, and that train is propelled by some pretty big numbers. The Motley Fool’s Sean Williams sets the stage for a slap in the face for anyone who doesn’t comprehend the…
Social Security and the Shifting Sands of Time
Tom Yamachika, president of the Tax Foundation of Hawaii and contributor to the Honolulu Civil Beat, comments on the ramiifications of Social Security’s long-term solvency dilemma in a post on their site. His article registers disappointment with the changing “deal”…
The “Filing-At-62” Conundrum–More Thoughts
The Motley Fool’s Todd Campbell examines the persistent question of should one file for Social Security benefits at the earliest point (age 62). In an article posted on www.fool.com, he provides a recap of the advantages and disadvantages of a decision to…
A Handy Guide to Social Security Benefits
Social Security can be incredibly complex, given the rules that define rules and the myriad considerations on faces when getting set to file. However, there is a fundamental set of base factors that everyone needs to understand, and The Motley…
Social Security Taxation: A Reminder
IN a post on texarkanagazette.com, Texas A&M University-Texarkana professor of accounting Dr. Terry Bechtel explains the background on how a portion of one’s Social Security benefits wind up on the taxable side of the personal income tax ledger, and provides a reminder of…
American Academy of Actuaries Issue Brief on 2018 Trustees Report
The American Academy of Actuaries has published its annual “Issue Brief,” a document that provides an in-depth analysis of the recently-issued Social Security 2018 Trustees Report. This Issue Brief underscores the problems cited in the Trustees Report, and emphasizes the implications…
How Home Equity Can Factor Into Retirement Finances
For many without what they consider to be enough liquid cash available to carry themselves into a comfortable retirement, home equity might present a viable option to make up for the shortfall on Social Security income. Seattle Times reporter George Erb discusses…