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Another Look at the Social Security’s Mythical Bankruptcy
The Motley Fool’s Sean Williams give us yet another look at the pervasive myth of Social Security’s “bankruptcy.” While he acknowledges that the impending exhaustion of the programs Trust Fund balance “is no laughing matter,” he goes on the explain…
Retirement Gap Widening
There appears to be a widening gap between the retirement ages for college graduates and the retirement ages for high school graduates, according to a study by Matt Rutledge reported on marketwatch.com. The reasons appear to be related to health issues, changes…
Spousal benefit goofs, health sharing plans and retirement healthcare costs
In this Los Angeles Times article by Liz Weston, the author answers several questions about Social Security and Medicare, including the reasons why a spouse may not have been getting half of the other spouses’ benefit amount, why health sharing…
Millennials’ Retirement Plans and Savings Statistics–A Disconnect?
The results of a new TD Ameritrade study of roughly 1500 young adults indicate that millennials–those with birth dates from the early 1980s to the mid-1990s/early 2000s–on average look to age 56 as their intended retirement age. When weighed against oft-reported…
The 2018 Lay of the Land for Couples and their Social Security Benefits
On average, married couples drawing Social Security benefits in 2018 will receive a combined $28,080, according to a post by The Motley Fool’s Todd Campbell. In addition to explaining the process used to determine benefits, Campbell’s post covers some of the…
New Medicare Card Format Introduces New Vistas for Crooks
Yes, your Social Security number has been removed from your Medicate Identification. No, that doesn’t mean the scammers will stop using it as an avenue to get at you. In fact, as reported in this post on The News-Enterprise by…
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…