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Retirement savings back-up plan: Work another “gig”
It’s pretty well known that America has a retirement crisis – far too many people aren’t saving, or haven’t saved, enough money to give them a comfortable, stress free retirement. So what is the backup plan for those whose savings…
How to apply for Social Security benefits
Although to many Social Security can look like a huge labyrinth of complexity, if you do just a little planning ahead of time signing up for your benefits can be quite easy. Just take the time to understand the basics,…
Time for a change: Social Security numbers shouldn’t be used for identification
The Social Security Number, originally intended to be an identifier only for government transactions, has evolved into being a general method of identification used for a myriad of other purposes. And this is a root cause of why about $16.8 billion dollars worth…
Declining U.S. fertility rate spells trouble for Social Security
The U.S. fertility rate (average births per woman) has just hit a 30 year low of 1.76 which, according to some, portends a dire future for Social Security unless some action is taken soon. Historically, fertility rates have declined in periods…
With pension plans disappearing, how does one retire?
Defined benefit pension plans, long thought of as the foundation of one’s retirement, have all but gone by the wayside as people live longer and longer and employers seek more inventive ways to fund employees futures. Even Social Security, enacted in…
How did Social Security change in 2018?
The Social Security program is a very large and complex set of rules and regulations, over 2700 of them, that govern how, when and where a person can receive benefits. Some of the rules are fixed, but certain of them…
Some state employees get reduced Social Security benefits
In this Prescott, AZ eNews publication, Certified Social Security Advisor Russell Gloor of The AMAC Foundation responds to a question from a retiree whose Social Security benefit has been reduced because of a law enacted in 1983. That law, developed by…
Don’t lose money by making these Social Security mistakes
To contradict the old adage, what you don’t know CAN hurt you when it comes to your Social Security claiming strategy. While Social Security is seemingly simple on the surface, there are at least a few things that could result…
Social Security is only part of your retirement plan
Social Security was never meant to be your sole source of income in retirement. Although for some their Social Security benefit represents most of their income in their golden years, a more comfortable retirement will include Social Security as only a…
Worried about money and health in retirement? Here’s what to do
One of the top worries of those approaching or in the early stages of retirement is that they’ll run out of money, followed closely be concerns about their health as they age. That’s not especially surprising when you consider that…