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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…
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…
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,…
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…
Higher financial literacy, lower risk of being hospitalized
A recent journal published in the Lippincott portfolio by Wolters Kluwer suggests that being more knowledgeable about finances can help keep older adults out of the hospital. The finding supports the notion that financial literary – the ability to access,…
Five Ways to Fight Elder Abuse, Neglect, and Financial Exploitation
As Americans, we believe that people of all ages and abilities deserve to be treated fairly and equally and to live free from abuse, neglect, or financial exploitation. Tomorrow, on World Elder Abuse Awareness Day , we join the world…
What you don’t know about Social Security could cost you money
MassMutual released their findings from a five true-false question survey of adults aged 50 and over on Social Security and found that 47 percent of all survey-takers failed. What you don’t know about Social Security or understand about the nation’s…