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Do you have enough to retire? How do you know?
The National Institute on Retirement Security reports that retirement savings are “dangerously low,” pegging the U.S. retirement savings deficit somewhere between $6.8 and $14 trillion. How about you? Do you have a good handle on how much you will have and how…
Social Security Administration working on fraud problem, official says
Stephen Dinan of the Washington Times reports on comments made by Sean Brune of the Social Security Administration at a 4/26 House Ways and Means Committee meeting, noting that although estimates of the magnitude of the fraud problem are unavailable,…
Adjusting to Retirement Life: Can You Think Differently When You Get There?
Saving for those retirement years takes a sense of frugality and consistency, as every successful retiree knows. But what about when you reach that point? Many folks have difficulty reshaping their attitudes about income and investments and, in general, how…
SSA has made ground in reigning in disability fraud, but a more systemic approach is needed to correct the problem.
The results of a recent Government Accounting Office (GAO) study of the Social Security Administration’s fraud risk management processes found some positive changes in the agency’s fraud prevention culture, but concluded that SSA “has not yet comprehensively assessed these fraud…
Delaying Social Security Filing…the Word is Getting Out!
A new survey by Fidelity Investments indicates that the impulse to file for Social Security benefits as early as possible may be diminishing. Mary Beth Franklin, in an Investment News post, examines the reasons for this shift in thinking, and outlines…
Differences aside, there are some consistent basic steps everyone should consider in retirement planning
Michael Woloshin, an Investment Adviser Representative, insurance professional and founder and managing director of Woloshin Investment Management, has some suggestions for fundamental planning steps everyone needs to consider as they look ahead to their financial security in retirement. From budgeting…
Government Shutdown? Don’t worry, Social Security checks will continue.
USAToday’s Erin Kelly, in a post on www.9news.com, outlines the various implications of a potential government funding evaporation this Friday. Of most importance to visitors to this site, of course, is the comment that Social Security checks would continue unabated. Read her article…
Baby Boomers and the Housing Market
The senior population wave being led by the maturation of the Baby Boom generation is beginning to change the housing landscape, with more and more attention being placed on social landscaping for senior living. From more emphasis on aging-in-place to…
Lifetime Income Disclosure Act of 2017
In an effort to increase the information provided to savings plan participants, Representative Luke Messer of Indiana’s 6th District earlier this month proposed H.R.2055, the Lifetime Income Disclosure Act, designed to require employers to provide supplemental information to retirement plan participants. The…
The Average Age Americans Claim Social Security Benefits
You may be wondering, when do Americans claim Social Security? According to the data from the Social Security Administration, the average American claims Social Security at 64.5 years of age. Read article here… Notice: The link provided in the text above connects…