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An Analysis of the Social Security/Medicare Dilemma
Citing dire projections (“Through 2050, the Social Security trustees estimate that the number of seniors will rise from 48 million to 86 million. The Congressional Budget Office projects that, as a result, by 2047 Social Security and the major federal…
Considering a Reverse Mortgage as Part of Your Social Security Strategy? Read this.
Some scheming financial operations promote the use of reverse mortgages as a strategy to defer Social Security benefits, but the Consumer Financial Protection Bureau cautions against this. An article posted today on www.bankrate.com explains he concern, and also covers other ploys that need…
What Happened to the $1 Million Benchmark?
There was a time when a plan to accumulate a million dollars for one’s retirement seemed like the model for retirement security. That was then, this is now suggests MSN.com’s Jessica Dickler. Her projection is that attaining this level of cash-oh-hand gives…
Shifting Divorce Statistics: The Reasons Behind “Gray Divorce”
Financial planner Mary Ann Ferreira, in a post today on www.marketwatch.com, offers commentary on the reasons why divorcing over the age of 50 is becoming more prevalent, Her article also provides a “a checklist to help mitigate the financial risk associated with…
The Stock Market, Social Security, and “The Experts”
CBS Moneywatch’s Steve Vernon offers a perspective on the relevance of opinions and projections made by so-called financial experts, concluding that it might be best for those investing for retirement ignore the advice bandied about in the financial media. Optimizing…
Recapping 2017 – Money-Saving Tips from an Expert
Kiplinger Contributing Editor Kimberly Lankford shares a look back at 2017s most popular articles, reiterating nine that constitute opportunities for substantial savings. Among them are dealing with Medicare (and health costs in general), managing required minimum distributions from deferred compensation accounts, deferring Social…
Underscoring the Importance of Spousal Benefits
With Social Security benefits comprising a large portion of retired couples’ financial picture, it becomes critical to be aware of ways to maximize the dollars available to surviving widows and widowers. In an article posted on www.wealthmanagement.com, and sponsored by Great West…
It’s Not Too Late to Save For Retirement
Even if you’ve crossed the 50-year old line, there are steps you can take to shore up your retirement savings picture. Forbes staff writer Ashlea Ebeling outlines a set of five key actions you can consider, all of which are geared…
A Connection Between Hearing Loss and Social Security?
Citing “$18 billion in unrealized federal income tax dollars which affects programs such as Medicare, Medicaid and Social Security” as a collateral affect of hearing loss, Healthy Hearing staff writer Debbie Clason makes an argument for paying attention to the…
New Year…New Scam!
At the opening bell of 2018. it appears a new scam involving Social Security numbers is hitting the airwaves. As outlined in a post by Al Pefley today on cbs12.com, the scam links the public’s awareness of the potential for increasing rates…