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Attention, Small Business Owners…Hints on Retirement Savings Strategies
Although her article is focused on women small business owners, Forbes contributor Kerry Hannon provides some insight into what any small business owners can do to help their employees get set for their retirement years, Her article includes a replay…
Dispelling the “Social Security Bankruptcy” Rumor
Financial executive Ken Fisher, in a post on wbir.com, examines the persistent rumors of Social Security’s impending collapse, and provides insights into what various groups of future retirees can anticipate. Read his post here… Notice: The link provided above connects…
The “Ready” Part of “Ready, Set, Go”
If you’re in your 50s and thinking long term, retirement might be one of those endpoints your’re looking at. Financially preparing for this endpoint is also most likely in your thoughts, so the folks at The Motley Fool are providing…
Understanding This Thing Called a “Chained CPI”
Although this Bloomberg article is two weeks old, the editors at SocialSecurityReport.org felt that the attention focused on Taxation and benefit reform these days warrants renewed attention to this subject. Bloomberg’s Sho Chandra takes an analytical look at the concept,…
Taxes, Taxes…Drawing Social Security Doesn’t Make Them Disappear!
As explained by the Motley Fool’s Sean Williams in ab article posted on www.fool.com, it’s pretty likely that your Social Security benefits will be taxed. Although the article’s titled refers to “state” taxes, it appears the content addresses federal income…
How long will your $1 million retirement nest egg last
WalletHub, a personal finance site, conducted a study this year comparing average expenses for people age 65 and older to determine how long a nest egg of $1 million would really last. See results here… Notice: The link provided in…
Preparing single women to fly financially solo in retirement
The divorce rate in the U.S. has steadily declined since 1990, while the rate of divorce among individuals 50 and over has doubled. For those 65 and older, it’s tripled. Becoming single is a stressful and emotional experience and can also…
The maximum 2018 Social Security benefit
In 2017, the average Social Security benefit paid out to a retired worker is about $1,372 per month; however, many Americans who have earned relatively high salaries throughout their careers get much more. The attached article calculates what the maximum…
The Beneficiary Enrollment Notification and Eligibility Simplification Act
According to the Congressional Research Service, 750,000 Medicare beneficiaries got socked with a Medicare Part B late-enrollment penalty in 2014. Confusion about the Medicare enrollment rules is the reason a bipartisan group of legislators is pushing a bill in Congress –…
Auto-IRA savings options
Morningstar Inc., an Independent Investment Research firm, recently published policy paper calling for the creation of a federal retirement savings mandate for workers without access to employer-provided defined contribution plans. Although not a novel idea, this is the first time…