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4 Questions to Ask Yourself as You Plan for Retirement
(Source: blog.socialsecurity.gov) Deciding when to start receiving your retirement benefits from Social Security is a decision that only you can make, and you should make that decision with as much information as possible. There are a lot of important questions to answer.…
Adjusting from saving for retirement to spending in retirement
After so many years of being discipline about savings, many people are uncertain how to allocate their nest eggs once in retirement. They are concerned they will run out of money or they are suddenly transformed into spenders of assets;…
Millennials achieving financial milestones at different times than earlier generations
According to a survey from Comet Financial Intelligence, millennials are still following the same basic timeline regarding the order in which financial accomplishments occur, but are getting to some goals at different times than earlier generations. Read article here… Notice: The…
Americans falling short when it comes to retirement savings
Americans are falling short when it comes to retirement savings and could be losing out on hundreds per year. The median retirement savings of all working-age families, those between 32 and 61 years old, is just $5,000 according to a…
The most important things to you need to know about IRAs
An individual retirement account (IRA) is a way to complement your employer’s savings plan such as 401(k), 403(b) or 457 plan; however, many savers overlook it as a retirement planning option. In a 2017 survey from TIAA, financial services company,…
Is the new retirement age is 70?
Suze Orman is saying “70 is the new retirement age – not a month or year before”. A research team after analyzing 292 different retirement income strategies, identified the best way for most people to withdraw their money in retirement…
Supplemental Security Income (SSI)
Supplemental Security Income (SSI) provides cash assistance to the most vulnerable Americans: low-income aged, blind, or disabled individuals who either aren’t eligible for Social Security or whose benefits are too low to provide a subsistence income. More than 8 million…
Medicare Advantage now accounts for about one-third of Medicare patients
Medicare Advantage health plans ended 2017 with a nearly eight percent increase (21 million enrollees) over the figure from the previous year. UnitedHealth Group, the top Medicare Advantage payer, increased membership by 14 percent to 5.24 million members. Read article…
Putting jobs out of work
At the World Economic Forum at Davos, a panel titled “Putting jobs out of work” refers to a McKinsey estimate that over the next 10 or so years, a third of all workers in Germany and the United States may…
Social Security’s minimum benefit
Social Security provide vital benefits after they retire and plays an important role in keeping older Americans out of poverty. In the rules governing Social Security, you’ll find references to a minimum benefit but before you count on that provision…