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Social Security’s Solvency Issue: The Further Out You Look, the Worse it Gets
Much has been written about the 2034 horizon associated with Social Security’s Trust Fund balances. That’s about the time when the Trust Funds reach a zero balance, triggering a substantial–most estimates are in the 22% to 23% range–reduction in benefits…
The Retirement Gender Gap
With women statistically outliving men, and with women accumulating less of a retirement nest egg than men, it’s no wonder that the standard of living in retirement for women is a growing concern. Financial writer Mitch Tuchman takes a look at…
Don’t be surprised by unexpected costs in retirement
In this TwinCities.com article by financial advisers Bruce Helmer and Peg Webb, they explore how so many people are surprised to find that retirement is expensive. While many think that Medicare will cover all their retirement healthcare needs, the reality…
Key facts you probably don’t know about Social Security
Considering how important Social Security will be to your comfortable retirement, you may be interested to know a few key facts about the program that will be providing a good portion of your income in your golden years. From a…
Two key questions about retirement
Running out of money in retirement is a frightening thought on the minds of many these days, so understanding the dynamics of how to withdraw from your savings after you retire is crucial; the “4% rule” isn’t always the best.…
Scammer alert: Don’t take calls about your new Medicare card
In the midst of the scheduled distribution of new Medicare cards which don’t carry your Social Security Number (SSN), scammers are desperately trying to steal SSN’s by calling seniors and representing themselves as being from Medicare. The fact is this:…
Estimate Your Benefits Today for a Secure Tomorrow
(Source: Social Security Administration) Whether you’re retiring soon or you’ll be in the work force for several more years, it is important to prepare for what the future holds. That’s where Social Security comes in. Continue reading → Notice: The link…
Baby Boomers: Check this out if you’re considering early retirement.
If you are a member of the Baby Boom generation and thinking about early retirement, The Motley Fool’s Maurie Backman has some points you might want to consider before you make the decision. From benefit reductions to tax implications, these are…
Retiring Abroad? Here are some things to think about.
If you’re planning to join the more than half million Social Security recipients living their retirement in a foreign country, there are some key planning steps you need to consider. Personal finance writer Darla Mercado, in a post on www.cnbc.com, provides some…
The perils of early retirement for women
With caregiver responsibilities leading the way, there are several key reasons why women file for Social Security benefits at an early age. This, of course, results in lower monthly benefits,,,a problem that surfaces later in life as women outlive men.…