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Time to do a retirement plan checkup before year’s end
With the new year fast approaching, you still have time to do a checkup of your retirement plan, especially whether or not you’ve made the full allowable amount of contributions to your IRA and 401(k) retirement savings accounts. Now is…
2018 changes to the Social Security program
With Social Security representing a significant portion of their retirement income, those already collecting benefits and those preparing to do so should be aware of the changes being made to the program for 2018. From the new full retirement age, to…
Your 2018 Social Security payroll taxes: What they are and where they go
Everyone knows that Social Security taxes are withheld from their earnings, but the maximum earnings amount taxed changes periodically (often annually), so the total amount of tax you pay can change also. Your employer pays an equal amount, which means…
Your estimated Social Security benefit: That’s not what you’ll actually get
When you receive your Social Security benefit estimate in the mail, or even if you look at it in your My Social Security online account, don’t be fooled into thinking that is the exact amount you will be receiving. The benefit…
Retirement Issues: Location matters (to some)
The choice of a place to spend one’s retirement years is certainly crucial, but for some its viewed as a life-or-death matter. Offering conjecture on the choice of a Florida-style retirement destination, retired 68-year old New Jersey lawyer Frank Politano says “We…
Is 2018 Your Year to Pull the Plug?
2018 is hurtling toward us, at a rate that seems to accelerate as we age. And if this coming year is the year you’re thinking about exiting the career stage and sailing off to retirement, there are some steps you…
Retirement Planning 101: A Look at Choosing a Destination
Certified Financial Planner Eleanore Szymanski, in a post today on www.nj.com, provides insight into some of the key aspects one needs to consider when deciding where they’d prefer to live during their retirement years. From social engagement to the availability of medical…
Understanding Social Security’s Payroll Tax Structure
This www.nasdaq.com post by The Motley Fool’s Christy Bieber examines the tax structure that provides the revenue for Social Security and Medicare benefits, and provides some insight into the future of these benefits programs. Read the post here… Notice: The link…
Medicare Open Enrollment is Over…Now What?
Medicare’s annual open enrollment period is a hectic eight-week time, coming during the run up to an even more hectic holiday season. In case you missed the deadline, there are still some options open to some of you. This www.pantagraph.com…
Looking at Averages: Do You Have Enough to Retire?
The Federal Reserve’s 2016 Survey of Consumer Finances reportedly concludes that workers between the ages of 55 and 64 have accumulated an average of $135,000 for retirement. If you fit that statistic, take a look at comparing this to what you’ll need in…