Latest News
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…
Words of Advice: Avoid Borrowing from Retirement Funds
The impulse to access your accumulating retirement funds to bridge yourself over rough spots can be tempting, but before you take that action, consider the long-term damage you may be doing. In an article posted today on www.stamfordadvocate.com, the folks at…
Surprise! Millennials Might Not be That Far Off the Mark in Retirement Planning
A recent survey by RBC Wealth Management suggests that the millennial generation (those with birth years from the early 1980s to the early 2000s) may not be as unaware of their financial situation as many pundits and media accounts claim. In fact,…
Thoughts on Drawing on Retirement Funds
As you approach retirement life, it’s important to give careful consideration to how, and in what sequence, you’ll be tapping your retirement savings. Frank Mokosak, Certified Financial Planner, offers some guidance on this subject in a post on www.desmoinesregister.com. Check it out…
Your Retirement Finances: How high is up?
So much has been publicized about the poor savings habits of people approaching retirement, creating a persistent question for many people about how much funding they need to have accumulated when they reach those “golden years.” It’s a question that…
Social Security at the Tipping Point: Things you should do
According to the last Social Security Trustee Report, the Social Security trust funds will reach the point of paying out more than they take in sometime around 2020. The long-term implications of this, of course, are that the accumulated reserves…
What Parents Can Tell Their Kids About Social Security
One of the tenets of parenting is to prepare your children for the world around them, and that certainly includes the world as they’ll know it when they reach the age of Social Security eligibility. Forbes contributor Winnie Sun provides…
Looking Ahead to the Social Security Trustees 2017 Report
June traditionally marks the time when the new Social Security Trustees report hits the street. As in the past few years, it’s expected that there will be intense focus on the solvency issue and who will be impacted by it…