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Why creating an online account with Social Security Administration is important
Did you know that signing up for an online account with Social Security Administration, is a crucial step in protecting your Social Security number? Many individuals have yet to sign up their account, according to a March survey by MassMutual.…
TOO OLD? NO SUCH THING!
(Source – blog.medicare.gov) You can never be too old to improve your physical, mental, and emotional wellbeing. May is Older Americans Month, and it’s the perfect time to celebrate the many ways in which older adults can make a big…
LOOK OUT FOR YOUR NEW MEDICARE CARD!
(Source – blog.medicare.gov) Keep an eye on your mailbox—Medicare is sending new cards with new Medicare numbers to people with Medicare. Mailing has started in certain states and will continue over the next few months nationwide. Your new Medicare card will include…
Most baby boomers are not feeling very confident about their retirement preparedness
According to a research report from Bankers Life Center for Secure Retirement, most baby boomers are not feeling very confident about their retirement preparedness. The report states less than 31 percent of middle-income boomers feel prepared for retirement and lower-income…
Test your Social Security literacy
Arguably, Social Security is the most important retirement program in United States; however, research shows roughly 25 percent could pass a retirement quiz. The lack of knowledge in retirement income planning indicates that many people are unable to make informed…
Should you retire early?
There are many reasons for wanting to retire early, but should you? Your dreams of retiring early may not be as relaxing or as financially beneficial as you might think. Larry Alton, independent business consultant, gives three reasons why you…
Medicare Advantage or Medicare Supplement Insurance: which one is the best for you?
Those who are eligible for Medicare but aren’t fully satisfied with original Medicare alone are faced with a choice: Medicare Advantage or Medicare Supplement Insurance. So how do you choose between the two? You will want to do your homework…
Are defined benefit pension plans dead?
Are defined benefit pension plans dead? No; however, many large companies have terminated or frozen their pension plans and shifted the burden of investing to their employers. Unlike a 401(k), what you get to contribute to a defined benefit plan…
Do you still need estate planning?
With the passage of the Tax Cuts and Jobs Act of 2017, some people may be wondering whether estate planning matters anymore. Yes, There are still many reasons why estate planning remains relevant. Estate planning can help reduce overall costs and…
Are reports of Americans’ retirement savings inadequacy overblown?
At the Plan Sponsor Council of America (PSCA) conference, Andrew G. Biggs, resident scholar at American Enterprise Institute (AEI), suggested reports of Americans’ retirement savings inadequacy are overblown and offers data to back that up. He argued that the Current Population…