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Some Social Security Basics
Social Security Administration public affairs specialist Essie Landry, in a post today on syvnews.com, reviews a series of beginner-type questions for those approaching the world of Social Security. Beginning with the mySSA subject and continuing through the timing of benefit applications, her…
Taking a Practical Look at the Social Security Trust Funds
Forbes contributor Elizabeth Bauer takes an in-depth look at the make-up of Social Security’s Trust Fund, from dispelling the rumors that swirl around the Trust Funds’ balances to the realities of how the accumulated funds are actually invested. As part of her…
An argument against raising the full retirement age
There’s more to consider when raising the full retirement age than just longevity and the cash outflow that would be save in the Social Security Trust Funds. As Reuters columnist Mark Miller points out in a post on money.usnews.com points out,…
Don’t make this common mistake when dealing with your 401(k) assets
According to the latest survey from the Employee Benefit Research Institute, one thing many people don’t know is what to do with the money in their 401(k) plans after they leave work. There are several good options for dealing with…
Habits of Success can lead to a higher retirement income
A recent white paper by Empower, a retirement company, notes that plan sponsors can foster what they identified as “habits of success” that correlate with significantly higher projected lifetime income when working years end. The paper, based on Empower’s seventh study…
What are the benefits of working until 70?
Over half of Americans fear running out of money in retirement more than they do death. And not everyone can work until they’re 70, but there are some pretty good benefits to holding off your retirement. The Motley Fool’s Michael Douglass takes…
There may be a difference between what your Social Security benefits will be and reality
A recent Nationwide Retirement Institute online survey focusing on adults aged 50 and older who either already are receiving benefits or plan to found that half lean on Social Security as their primary source of income, with 42 percent of future retirees…
The “Four Pillars of Retirement Success”
We tend to think the term “living paycheck to paycheck” only applies to working families, but the same thing can happen in retirement. Even if you know your combined income streams will be enough to cover your basic needs, you’re…
Tips on how to retire as a millionaire
According to a report by online investing company United Income, which analyzed data from multiple sources, the average wealth for American retirees has more than doubled since 1989. Also the rate of retired millionaires has more than doubled in the…
Some common things basic Medicare does and does not cover
Each day in the United States, about 10,000 baby boomers celebrate their 65th birthday and become eligible for Medicare. Yet many of these new enrollees are surprised to discover that basic Medicare does not cover a variety of health care…