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Not all high-earners’ income is counted when computing Social Security benefits
Though it seems vogue these days to bash high-earners, when it comes to Social Security not all of their income gets counted when computing their benefit amount. What that means is that anything earned over the annual maximum payroll withholding tax…
A first-hand account of a single payer healthcare system
There is a lot of talk these days about “single payer” healthcare systems, such as the UK’s system which is often touted as a model. But what’s it really like from the view of someone who knows – someone who has…
Protect your retirement savings by having a separate Emergency Fund
The reality is “life happens”. Even for those who are meticulously focused on putting money into their retirement savings investments will eventually encounter an emergency which strains their financial well being. Planning ahead for such emergencies can best be done…
Avoid these big Social Security mistakes
Let’s face it – Social Security will be an important part of your retirement, so it makes sense to give careful thought to when you start your benefits. Just because you’re eligible at age 62 doesn’t mean that’s the best…
Setting realistic retirement goals
Do you know what you really want out of retirement? Having detailed goals is essential to achieving that comfortable retirement you’ve always dreamed of, the one that allows you to enjoy your new-found freedom and live your retired life happy…
Keep your retirement plan on track by avoiding these pitfalls
Even the best developed retirement plans are susceptible to unexpected pitfalls which can derail your future. Three potential problems, in particular, could wreak havoc upon your planning efforts. This CNBC article by Kelli B. Grant discusses three problems that can…
Plan for living well in your retirement
There are lots of theories on how best to plan for your retirement, but you should make sure that your plan is tailored realistically to your own personal circumstances. Retirement today is often a period of 30 or more years…
Time for a mid-year review of your finances
Yes, the year is a little more than half over, but now would be a good time to take a look at your financials, including Social Security, even if you’re not yet collecting benefits. As this USA Today article by…
Low income retirees often “saving” more than the rich
Well, maybe not in terms of actual dollars of retirement savings, but in terms of the percentage of pre-retirement income your Social Security represents, low income people usually fare better than those with higher earnings. This is because Social Security’s formula…
Interesting…Snopes Takes a Look at Some Social Security Myths and Facts
The ever-popular Urban Legends Reference Pages, otherwise know by the moniker “Snopes,” takes a detailed look at some of the more routine myths that circulate about Social Security. You know, items like the one about the government “borrowing” Social Security money…