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Social Security: Keeping seniors out of poverty
There’s little doubt that Social Security is the most important program in the country for keeping America’s senior citizens from a life of poverty. According to a recent Gallup survey, 90% of seniors depend on Social Security as an important part…
Social Security Dependence Climbs
With 90% of America’s seniors reporting at least some level of dependence on Social Security for retirement living, The Motley Fool’s Dan Caplinger points out the importance of “today’s working-age Americans to budget wisely, save what they can, invest for…
Getting a Handle on Disability Terminology
Kiplinger contributor Michael Stein, in a post on www.kiplinger.com, takes a look at the overall area of disability, providing clarification on the nuances associated with Social Security Disability Insurance (SSDI, Long-Term Disability, and Worker’s Compensation. Stein’s post provides a definition of each, along…
Social Security: Four key Fundamentals
To say that Social Security benefits are important to seniors is, clearly, an understatement. For many folks, they are critical to well-being in their retirement years. Given this, it becomes essential to understand Social Security’s basics so that one can…
A Rock and a Hard Place Story
This is the story of an American Senior caught in a niche where “millions of Americans like her make too much money to qualify for federal assistance, but struggle to afford to put food on the table.” This quote is…
Retiring Without Sufficient Financial Resoirces–Some Real-life Experiences
The issue of saving for retirement receives its share of attention in the media, with a constant stream of articles informing us of how much we should be putting aside and ways to accomplish just that. But what about those…
Why Working Longer Might Not be a Solution to the Larger Problem
Many folks looking ahead to an unsatisfactorily-funded retirement tend to look at simply staying in the workforce longer as a solution to their financial issue. While that may be true at the individual level, economics professor and Forbes contributor Teresa Ghilarducci…
Global Perspectives on Retirement
The recently-released Aegon Center for Longevity and Retirement’s annual retirement readiness survey gives us a glimpse into what future generations believe will be financial plight during their “golden years.” In fact, the study concludes that “that 49% of global respondents and 46% of…
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…