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The Upside of Working Longer
To some, the thought of working longer than originally anticipated might be depressing. To others, this option might represent a partial solution to their nagging concerns over outliving their assets in retirement. And with so much written about the lack…
The “Saving for Retirement” Issue from a Different Perspective
Much has been written about what statisticians say is a severe shortage of accumulated wealth among those heading into their retirement years. And, while the issue and its impacts are debated, it’s important to recognize that every day thousands step…
Medicare Part B Payments for Those Not Yet Drawing Social Security
Joining the ranks of those covered by Social Security before filing for Social Security benefits presents a different process for premium payments, as explained in a post on www.chron.com by consultant Toni King. Her article cautions readers o the importance of keeping…
Ensuring Retiring Security Calls for Bold, Bipartisan Action
In a post on www.forbes.com, contributor Teresa Ghilarducci discusses a “growing political will to take bold action to ensure our workers can retire and our retirees stay out of poverty. Her article lays out a multi-part pathway featuring a 5.8% bump in…
The Other Side of the Retirement Savings Issue
In a Harvard Business Review post by Teresa Ghilarducci and Tony James, the lack of savings for retirement is seen as being on “The Road to the Retirement Crisis.” In contrast to the position taken by Forbes contributor and resident scholar at the…
Why file for Social Security benefits early?
Despite the repeated media accounts about the virtue of waiting to full retirement age (or longer) to start receiving Social Security benefits, there are some fundamental reasons why it does make sense in some cases to file file at age 62.…
Don’t take “no” for an answer!
This post by former Social Security professional Tom Margenau explains why it’s critical to challenge the answers you receive when posing a question to your local Social Security folks. Using his standard refrain “When in doubt, insist on filing a…
A Fundamental Retirement Misconception
A recent report from Insured Retirement Institute (IRI) notes that only about half of the Baby Boom generation has taken steps to set money aside for their retirement years. This fact, coupled with the assumption by nearly 70% of this generation…
Retirement Financing is not the Only Worry for GEN-Xers
Generation X, the population cohort just before MIllennials, have concerns about retirement security, but that’s not all they worry about. According to a study by the Insured Retirement Institute, there are three topics that also weigh heavily on the minds of…
The Retirement Savings Dilemma–A New Perspective
A study conducted recently by ValuePenguin found that “61 percent of U.S. households are enrolled in at least one credit card rewards program, while only 58 percent have money in a retirement savings product.” Maybe it’s a question of short-term benefit vs.…