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All set to file for Social Security? Hold on a second…
Here’s where you need to do your homework. This is the point where you need to develop a plan for what will be your benefit level for the rest of your life. And here’s where you need to understand the…
Hearing Announcement: The Future of the Social Security Number
(Source: https://waysandmeans.house.gov) WASHINGTON, D. C. – House Ways and Means Social Security Subcommittee Chairman Sam Johnson (R-TX) announced today that the Subcommittee will hold a hearing entitled “Securing Americans’ Identities: The Future of the Social Security Number.” The hearing will focus on the…
The Downside of Working till 70
The Virginian-Pilot columnist Roger Chesley takes a look at the issue of working until age 70, concept that seems to be gaining momentum both in the media and in reality. As Chesley observes, though, this general mindset might not work…
An Update on the New Medicare Cards and the Scams That Go With them
Since many recipients (or soon-to-be recipients) are not aware of their new Medicare identification card, fraudsters are on the alert and are capitalizing on the opportunity to inflict harm on seniors. The Better Business Bureau’s Cheryl Parson provides an update on…
Average Monthly Social Security Benefits…A State-by-State Analysis
When it comes to average Social Security benefits, all states are not equal. The Motley Fool’s Sean Williams provides some thoughts on this subject in a post on fool.com, including a look at the ten highest states. Williams discusses some…
More Background on the START Proposal…And More Cautionary Rhetoric
The Supplemental Transition Accounts for Retirement (STARTs) concept continues to pop up in the media, where it seems to be advocated as somewhat of a solution to the “savings crisis” often seen in retirement planning articles. This Money Tips article published…
Deferring Social Security Benefits: Reasons Why We Don’t
With only a sliver of the population opting to take advantage of the delayed retirement credits awarded to those who wait until age 70 to file, and with a large percentage of folks filing before their full retirement age and…
Social Security Benefits–A Major Income Source for Retirees
That article headline is certainly no surprise, but did you know just how “major” it really is? This excerpt from a post by The Fiscal Times’ Yuval Rosenberg might help put it in perspective: “Almost six in 10 U.S. retirees surveyed by…
The “Motherhood Penalty” and its impact on Social Security benefits
A Reuters post edited by Lauren Young and Steve Orlofsky takes a look at the financial factors associated with motherhood and the impact on future retirement benefits. The article expands on the premise “The price women pay for raising a family…
A Frightening Look at Taxation
Daily Reckoning Managing Editor Brian Maher provides a sobering look at the U.S. economy, as seen through the filter of taxation. And it isn’t pretty, especially given the amount of tax revenue need to support programs like Social Security and Medicare.…