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Could Monetary Tightening by the Federal Reserve Help Social Security Program?
Why is Social Security so important? According to the Social Security Administration, each month nearly 62 million people receive a benefit check from Social Security. Around 171 million workers are on track to receive some retirement income. Additional, around 90…
Other Factors are Important when choosing a Retirement Destination
According to Bankrate’s recently published results of its “ Best and Worst Cities for Retirement” report 2017, the top five cities to retire did not include any of the tax-friendly states and all but one of the top five metropolitan…
Building a Stable Retirement Requires a lot of Problem-Solving
Most people tend to focus on the tools needed to build their retirement plan instead of what they ultimately hope to accomplish: a comfortable lifestyle. The attached article will help you start the process of planning for your retirement. Read…
Confusing Ways Health Savings Accounts Interact with Medicare
More Americans are working past the age of 65 and taking advantage of employer insurance plans that include tax-exempt Health Savings Accounts; however, it could be costing workers as much as $2,700 a year in tax exemptions. Read article here……
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.…
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…