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What can cause Social Security’s comfort level to erode?
You’ve laid out a solid plan for financing your retirement years, you’ve even given substantial thought to how you want to spend those years. You’re all set…unless you run into one of the items that can upset your apple cart,…
One Person’s Goal-Oriented Approach to Retirement Savings
Fox59 personal finance expert Peter Dunn takes a look at a real-life example of a reader’s personal savings plan and the goals that have been established for financing a solid retirement. He provides a series of suggestions that can improve…
Roth Vs. Traditional IRA…Which Is Best for You?
The tax implications of traditional IRA payouts catches many retirees by surprise, causing them to wish they’d taken the Roth IRA route earlier. Strategically, it’s really a mixed bag, and The Motley Fool’s Wendy Connick takes a look at both approaches…
Understanding Social Security…It’s in the Details
There are many details about Social Security that are often misunderstood–or not understood at all–by many people, from the basics of how benefits are calculated to the impact of working while receiving benefits. This post by Benefits Pro’s Marlene Y. Satter…
House Ways and Means to Hold Hearing on Social Security’s Disability Challenges
House Ways and Means Social Security Subcommittee … will hold a hearing entitled “Determining Eligibility for Disability Benefits: Challenges Facing the Social Security Administration.” The hearing will focus on the Social Security Administration’s plan to reduce the hearing backlog and…
Social Security vs. Medicare: Which Trust Fund is in the Worst Shape?
The Motley Fool’s Sean Williams answers this question for you in a post at www.fool.com, noting that the Medicare trust fund is projected to exhaust its reserves by 2029, a few years earlier than the Social Security trust funds. Read his post…
Warning Issued on CFPB Report
Forbes contributor and co-Director of the American College’s New York Life Center for Retirement Income Jamie Hopkins provides an analysis of what are considered shortcomings in a recent Consumer Financial Protection Bureau report on the use of reverse mortgage to delay collecting…
How solid is your retirement plan?
Mo matter how well you’ve defined your retirement goals, and no matter you’ve approached the planning of your finances, there are always some factors that can nail you from behind unexpectedly. In a post on CNBC.com, T. Michael Martin, principal and financial…
Contributing to Your HSA for the Future Medical Expenses
With the knowledge that sometime in the future, your hearing, sight and teeth will start to diminish, setting aside funds now in your Health Savings Account (HSA) is the perfect account for that purpose. Read article here… Notice: The link…
Thinking about Early Retirement
According to a 2014 Gallup poll, the average worker signs up for their Social Security benefits at 62 years old. However, in a separate study by Fidelity found that 55 percent of current retirees are at risk running out of…