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You could get less Social Security than you expect
You work your whole career contributing to Social Security through FICA payroll deductions, and you approach your golden years confident that you’ll get the full amount of benefit you’ve earned in your lifetime. But when the time comes to apply, you…
Will your Social Security be enough?
Unless Congress takes action soon, the financial problems in Social Security’s relatively near future will become worse. This glaring fact is highlighted in the recently released Social Security Trustees’ Report, which places the “actuarial deficit” at 2.83% over the next 75 years.…
Explaining Social Security spousal benefits
For married couples, claiming spousal benefits isn’t always as simple as taking one half of the other spouse’s benefit. Although two claiming strategies for a couple to maximize their benefits were closed by the Bipartisan Budget Act of 2015, the opportunity…
How to help your parents without hurting your own retirement savings
Statistics show that over 25% of baby boomers are helping to support another adult, and that adult is often a parent. So how does someone provide their parent or parents with support, while still making sure that they’re not torpedoing…
Healthcare costs in retirement, and how to deal with them
It’s fairly well known that healthcare costs will be one of the largest expenses you’ll have to deal with in retirement. But while no one can predict what your future health will be, there are some ways that you can…
Social Security Disability, and the crushing backlog of open cases
There’s little question that applying for and receiving Social Security Disability Benefits can often seem like an exercise in futility, largely because of the length of time it takes to have your case initially reviewed, but especially to have an…
Social Security office lauded for supporting National Guard soldier
We often hear negative stories about Social Security offices and agents, so it’s great to be able to highlight a very positive story about the Grand Island, Nebraska Social Security office. The local Social Security office there was presented with…
Medicare myths versus the reality
Medicare is certainly one of the most important Government programs affecting America’s senior citizens, but unfortunately there are several myths which seem to have a life of their own. With the cost of healthcare being the most prominent concern of today’s…
Working, aging, and work/life balance
It’s a fact that as we age, most people place a higher value on a good work/life balance and job satisfaction. This is especially true for those who choose to continue working past the traditional retirement age of 65, but…
Are you saving enough for retirement? Here are some suggestions
Everyone knows that one of your most important career tactics to ensure a comfortable retirement is setting aside some of your income for retirement. But how are you doing compared to the typical American? And how might you approach things…