Latest News
Despite a surplus, Social Security isn’t in good shape
Yes, Social Security ran a surplus of more than $44 billion in 2017; however, there isn’t much to smile about beyond that. The recently released Social Security Trustees annual report confirmed last year’s finding that Social Security is on a path…
Medicare Advantage members are using digital health tools
Although a 77 percent of Medicare Advantage members are using mHealth tools to monitor chronic health conditions; however, the same cannot be said for their health plans. According to HealthMine’s Medicare Report only nine percent of those surveyed say their…
Three leaks that can sink your retirement plan
In a recent report from Washington, D.C. based investment advisory United Income, it found that while investment management costs for retail investors have dropped by more than 50 percent over the past 35 years, the benefits of lower prices may…
Just over half of U.S. households on track for retirement success
According to Employee Benefit Research Institute (EBRI), just over half, 57.4 percent, of U.S. households headed by individuals between the ages of 35 ad 64 are on track to cover 100 percent of the average costs for retirees in their…
Some people have no choice but to retire without any savings
Granted we have all been told we’re supposed to save money for retirement, but some people have no choice but to retire without any savings. Although retiring without a nest egg is not ideal; however, it can be done. Read…
More on Social Security’s Solvency Issue
Robert Pozen, senior lecturer at the MIT Sloan School of Management and a nonresident senior fellow at the Brookings Institution, presents an analysis of the financial implications of Social Security’s long-term solvency issue, and presents thoughts on corrective actions needed to address the problems. Read his…
The “Gig Economy” and what it can mean to younger workers
Some think the “gig economy”–the rise of short-term contract work–is more applicable to older, more seasoned workers, but that may not be the total case, The Motley Fool’s Maurie Backman takes a look at what younger workers gain from what she…
Helping Seniors Manage their Social Security Finances
World Elder Abuse Awareness Day arrives Friday, June 15, and what better way to call attention to provisions the Social Security system to help seniors manage their benefits. In an article posted today on syvnews.com, Social Security Administration public affairs specialist…
Social Security: Dispelling the Myths
As the old adage goes, don’t believe everything you hear. And when it comes to programs like Social Security that are key to you financial well-being in retirement, that’s particularly sound advice. Yet many folks continue to espouse some very…
The Role of HSAs in Retirement Planning
Tax-advantaged savings plans designed to offer relief for those with high-deductible health insurance can also serve as a generous supplemental retirement savings tool. Certified financial planner Steven Van Metre takes a look at how HSAs are structured and how they can morph…