Latest News
More on the trend of postponing retirement
Moneywatch’s Steve Vernon takes a look at the continuing trend of staying the workforce longer and delaying Social Benefits in an article posted today on www.cbsnews.com. Using statistics compiled through studies by Fidelity Investments and the Pew Research Center, Vernon explains…
Signing up for Social Security…Where do you start?
USA Today contributor and editor of Retirement Weekly Robert Powell maps out the basic steps one needs to follow to successfully register for Social Security benefits, including the timing of these steps and the preparatory questions that typically cause applicants to stumble.…
Longevity and Your Retirement Nest Egg
Citing statistical lengthening of life expediency, The Motley Fool’s Maurie Backman examines the growing problem of retirees exhausting their financial reserves, and provides an approach readers can use to assess how vulnerable they might be to this problem. Read her…
Understanding the Student Loan Debacle and its Social Security Implications
“In Fiscal Year 2015, 860,000 individuals had their Social Security benefits reduced to pay for federal debts and the federal government collected a total of $382 million. … According to a September 2014 GAO report, the number of individuals whose Social…
A Fresh Look at the Growth in Social Security Beneficiaries
By now, most people know that the aging of the “Baby Boom” generation is swelling the ranks of Social Security and medicare beneficiaries at a pace of an estimated 10,000 per day. Eric Pianin, The Fiscal Times’ Washington Editor and D.C. bureau…
Millennials and Saving for Retirement–the Importance of Creating a Legacy
In addition to building a financial future for themselves, millennials–the population cohort with birth years from the early 1980s to the mid-1990s to early 2000s–have a tremendous opportunity to instill a conservative fiscal mindset into their children. Leading by example might be…
Social Security Accounts Scheduled to Get Improved Protection
Two-factor authentication for “my Social Security” accouunts is set for an early June implementation, according to a post by Jeremy Kirk on www.govinfosecurity.com. In fact, the Social Security website (www.ssa.gov) has posted this announcement: Social Security is constantly improving the way…
The Backstory on Age 65 As the Original Retirement Marker
JSTOR Daily provides a recap of how age 65 came to be the “default” age for retirement, and you probably won’t be surprised to learn that there’s nothing really magical about it. And besides, it’s now moving to 67 anyway,…
The Plight of Blue-collar Workers
The circumstances associated with blue-collar laborers tend to be quite different from what is commonly referred to as “professional” or “white-collar” work, especially when it comes to retirement planning. An article by Tom and John Mills, registered investment advisers and certified…
A 40-year Plan to Building a Million Dollar Retirement Fund
The Motley Fool’s Maurie Backman presents a “road map” to becoming a millionaire by the time you reach your full retirement age, and it’s really quite simple–mathematically, anyway. Her approach is to begin–at age 27–taking the maximum IRA contribution allowed and…