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Retirement Thoughts: Exploring Myths vs. Reality
The closer one gets to retirement, the more one notices the myriad levels of advice flying around the media. Many of the suggested “rules of thumb” one encounters are based on long-standing beliefs–myths, in some cases–that may or may not…
Wage Gap vs. Wealth Gap: The Impact on Women
The Federal Reserve’s “Survey of Household Economics and Decision making” concludes that in American Households, ‘more than one-quarter are not doing okay, including more than one-third of black and Hispanic adults” with respect to finances. These are accross-the-board statistics, but what changes when gender…
Your SSN–and its inherent dichotomy
ThinkAdvisor’s Melanie Waddell takes a look at the history of the Social Security Number and its journey from a simple way to track earnings under the program to its present-day role as a “widely used as personal identifiers.” Her post delves…
Birthrates at Historic Lows: What’s that mean for Social Security?
The Heritage Foundation’s Romina Boccia, in a post today on onenewsnow.com, suggests that the new 30-year low point on U.S. birthrates spells additional trouble for Social Security. As the economy awaits the soon-to-be released 2018 Social Security Trustees Report, Boccia and other…
Futureworld Thinking: How Retirement Systems need to Evolve
Transamerica Institute for Retirement Studies reported today on a “new global research released today. The New Social Contract: A Blueprint for Retirement in the 21stCentury is based on a 2018 survey of 16,000 workers and retirees in 15 countries spanning the Americas, Europe, Asia, and Australia.” The research…
Homestretch Thinking for Retirement
If you’re in that period of marking off the days, weeks, or months until pulling the plug, that’s a good time to take stock of just how prepared you are. The Motley Fool’s Maurie Backman maps out a series of preliminary…
Losing Track of Financial Resources–A Growing Problem?
In a post today on professionalpensions.com, senior correspondent James Phillips reports on the results of a recent study concluding that a disturbing number of savers have lost track of pension accounts they’ve accumulated along the way. Phillips’ post notes that “(n)early two-thirds…
Taking Control of Yourself In Retirement
Retired life: it’s supposed to be a time for relaxation and doing the things that you really want to do instead of the things you need to do to sustain yourself and your family. Unfortunately, many around you might have…
Retirement Planning: Some Fundamentals to Think About
As the saying goes, time marches on. And as you think ahead to the retirement phase of your life, this marching becomes more and more evident as you watch the days count down to the time you’ll be taking the…
Social Security: Understanding Who Gets What
With nearly one trillion dollars being paid out to a variety of recipients, folks often wonder exactly where it goes. Well, there are more than 62 million individual recipients, and it might or might not surprise you that retired workers…