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The Importance of Understanding Retirement Cost of Living, Social Security Options
Citing “persistent problems” in the area of financial literacy, a recent revealed that more than half of respondents to a retirement planning survey tended to underestimate the costs of health care facing them in their later years. Likewise, nearly two-thirds…
Are You Ready for the Storm?
(Source – Social Security Administration) Hurricane season is here. Time to stock up on candles, flashlights, and bottled water, for the possibility of inclement weather. It’s good to be prepared for possible misfortune, and to know that you’re covered in…
Some Perspectives on Middle-Class Retirement in the Future
Internet talk show host and estate planner Dr. Rosie Milligan, in a post on pasadenajournal.com, provides a “a future economic snapshot” of what middle-class Americans face in their retirement years absent careful planning. Her article, focused somewhat on black America but universally applicable…
A Warning on Hurricane Relief Scams and Your Social Security Number
Yes, it’s a sad statement on the level of depravity that unfortunately accompanies catastrophic events like Hurricane Harvey in Texas and now Hurricane Irma getting set to traumatize the Eastern Coast. Con artists tend to use the emotions that well…
Medicare and Social Security Are Major Factors in the Tax Reform Fight
Bloomberg BNA’s Laura Davison, in an article posted on www.bna.com, provides an analysis of the battle lines shaping up in the tax policy area later this year. Citing intent by progressives to fight against any movement toward tax cuts they fear…
Setting the Record Straight on Reverse Mortgage Vulnerability
Labeling the Federal Housing Administration’s Home Equity Conversion Mortgage (a.k.a. reverse mortgage) program “dubious” with respect to the potential impact foreclosures can have on seniors, this Washington Post article commends the Trump Administration to its moves to curb the practice. As…
Will Remarriage Affect my Social Security Benefits?
(Source – Social Security Administration) Whether it’s a morning ceremony or an evening gala, excitement’s in the air. It’s wedding season! A time when many couples officially tie the knot. Social Security is with you throughout life’s journey, we wouldn’t…
A Reminder on Social Security’s Vulnerability via Student Debt
Karen DeMasters of Financial Advisor, in a post today on www.fa-mag.com, puts forth a reminder that Social Security beneficiaries can become victims of student loan default. Alimony and child support, too, can result in an erosion of Social Security benefits, she warns.…
Putting Social Security Spending in Perspective
Bloomberg reporter Justin Fox illustrates how Social Security and Medicare fare compared to all other forms of government expenditures. The essence of Fox’s article helps frame the thinking that is likely to emerge as the deliberations over the debt ceiling issue…
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,…