Latest News
More on the Pitfalls of Over Reliance on Social Security
The Motley Fool’s Maurie Backman, in a post today on www.fool.com, rehashes the likelihood that folks relying on Social Security for too large a portion of their retirement financing are headed for a problem. She cites Gallup poll results showing 43% of…
Spousal benefit Q&A
Certified Financial Planner Liz Weston, in a post today on www.latimes.com, provides some insights into how Social Security’s spousal benefits work. Check out her article, which includes some addition Q&A on other matters, here… Notice: The link provided above connects…
Getting the Best From Retirement
Cheat Sheet’s Sheiresa Ngo offers some common sense suggestions to help folks do some long-range planning to prepare themselves for eventual retirement. Her thoughts focus on ways to successfully achieve the dream of retiring early. Read the article here… Notice: The…
Retirement and Stress–Some Concerning Statistics
Financial writer Adam Richards takes a look at some statistics that cause concern among economists regarding the road ahead for future retirees. Citing average amounts of accumulated wealth, he points out why many older Americans harbor concerns about how they’ll…
Fair COLA Act Reintroduced
Minnesota Congressman Rick Nolan on Friday reintroduced the Fair COLA for Seniors Act legislation (H.R.2896) calling for a one-time, 3.9% mid-year cost of living adjustment (COLA) in the benefits of 59 million Social Security recipients. In a statement posted on his…
Nearing Social Security/Retirement Age? Pointers to help make up ground on savings.
In a podcast available on www.usaastories.com, J.J. Montanaro of USAA provides some advice on approaches to savings that can help those lacking a comfortable cushion to catch up before it’s too late. Listen to the podcast here, or if you’d prefer reading…
HSAs and Social Security…Some Important Details to Know
Ed Slott, a Financial Planning contributing writer, offers some critical information about Health Savings Plans (HSAs) and how they fit into financial planning for seniors. Although his article is geared toward financial planners and the advice they might give clients, the information…
Student Loan Debt Continues to Plague Social Security Recipients
With 2.8 million Americans over age 60 owing money on student loans, and 37% of Americans over age 65 in student loan default, the problem of Social Security garnishment continues to be a significant issue. These figures, from a Consumer Financial Protection Bureau study,…
First-Time Workers: Understanding Taxes
It may seem like a bit of an annoyance, all these deductions from that first paycheck. But with a little bit of counseling, parents can help children understand that the deduction called “FICA” is actually the beginning of a long-range…
The Importance of Social Security and Medicare
Social Security manager Tammy Fluto offers some conjecture on what Social Security and Medicare mean to older Americans in this post on www.walkermn.com. Her article includes a part-by-part definition of Medicare’s primary components, and offers guidance for those nearing sign-up. Read her…