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Wealth-to-income Ratio Shows How Prepared for Retirement we are Compared to our Parents
The Federal Reserve conducts the Survey of Consumer Finances (SCF) every three years to look at the ratio of wealth-to-income as a good proxy for the extent to which people can replace their pre-retirement earnings in retirement. Read article here……
No Limit: Medicare Part D Enrollees Exposed to High Out-of-Pocket Drug Costs Without a Hard Cap on Spending
(By Juliette Cubanski, Tricia Neuman, Kendal Orgera, and Anthony Damico for The Henry J. Kaiser Family Foundation, November 7, 2017) Since 2006, the Medicare Part D prescription drug benefit has helped improve the affordability of medications for people with Medicare. Yet even…
Three Latin American Destinations where your Retirement Dollars Goes Far
If you think you cannot afford to retire someplace warm on your Social Security benefits alone, you are wrong. The attached article profiles three Latin American destinations where you can actually retire in comfort on your Social Security benefits. Read…
Do-it-yourself Divorce and Retirement Accounts
While many couples try to dissolve their marriages without significant legal involvement, dividing up retirement accounts, particularly pensions, is where you need an attorney who specializes in Qualified Domestic Relations Order (QDROs). Doing it without a proper legal agreement could…
Compassionate Allowances: Fast-Track Help to Those Who Need It Most
(Source – blog.ssa.gov – Jim Borland, Acting Deputy Commissioner for Communications) We are committed to processing disability claims as quickly as possible in all cases, but our initial claims process typically takes three to four months. If you suffer from…
Tax-deferred Retirement Options for the Self-employed
In a recent report from CNBC found among the top reasons entrepreneurs gave for not saving for retirement included insufficient income and planning to sell their business to fund their retirement. Although some entrepreneurs may have taken for granted the…
Other Issues to take into Consideration while Planning for Retirement
While you are making your retirement plan, it’s natural to focus on how much income you want to generate during retirement; however, it’s not the only issues you need to factor in. The attached article reviews three issues and the…
Seventy Percent of Retirees will likely Encounter Long-Term Care Costs
Do you know how much you’ll spend in retirement for healthcare, if not, you are not alone. Almost 81 percent of Americans admit to not knowing how much they’ll spend in retirement. While most financial experts estimate that healthcare will…
The Right Time for You to Claim Your Social Security Benefits
Do you know when is the right time for you to claim your Social Security benefits? The attached article reviews your options so you can make the best choice. Read article here… Notice: The link provided in the text above connects readers…
How to make your retirement money last
It’s certainly a great mental image of the retired you, lying in a hammock, sunglasses on, with a cool glass of iced tea in one hand and your favorite book in the other. But in order to make that come…