Latest News
Stay-At-Home Workers Count! Claim Your Benefits
For those who elected to stay at home and maintain a household instead of joining the external workforce and earning Social Security credits, remember that you are indeed eligible for benefits based on a spouse’s earnings. Mike Piershale, ChFC, president of…
Medicare is great for seniors, but it doesn’t stem the growth in out-of-pocket spending.
Forbes contributor Howard Gleckman takes a look at the the estimate that the “typical senior will spend one out of every seven dollars of retirement income on medical care, a 40 percent increase from 2012.” With the increase in out-of-pocket costs…
13 Million Americans on SSDI and/or SSI
The most recent statistics reported by Social Security Administration indicate that 13 million Americans are drawing Social Security Disability Insurance or Supplemental Security Income benefits, with nearly $200 billion allocated in the 2017 federal budget to cover the expense. The Washington…
Social Security Benefits – Are You Leaving Money on the Table?
Missteps or short-term strategies can cause you to miss out on getting the highest level of benefits available to you as a Social Security participant. It could be the implications of filing too early, it could be failing to properly…
FICA Tax Explained – A Backgrounder
We’ve heard about this thing called FICA tax all of our working lives, especially every payday. In case you’re not fully up-to-date on its scope and the rates it entails, Matthew Frankel’s article posted today at www.fool.com is a worthwhile…
Stretching Income During Retirement
Managing your money before retirement is critical to having a comfortable life in those later years, but it’s also important to choose strategies that will enable you to stay comfortable as the years progress. In an article posted today on www.fool.com, Wendy…
Understanding the World of Finance – An Essential Ingredient for Retirement Success
While many of us dabble in rudimentary financial issues, truly understanding what we don’t know is critical to getting a good grip on planning your retirement–whether you’re aging into it, or whether you’re already there. Buz Livingston CFP, in an article…
‘The VA Is On A Path Toward Recovery,’ Secretary Of Veterans Affairs Says
(By Rebecca Hersher for NPR) Secretary of Veterans Affairs David Shulkin says the Department of Veterans Affairs “is on a path toward recovery.” Continue reading article here… Notice: The link provided above connects readers to the full content of the posted article.…
Defining the “Rule of 55”–How it Works and Where it Applies
This little-known IRA provision can offer penalty-free relief in situations where there is a necessity to draw on deferred compensation plans prior to age 59 and a half. Gregory Ostrowski of Scarborough Capital Management examines the rule and provides several scenarios…
Retirees finding more and more taxpayer-friendly states these days
Roger Russell, senior editor for tax with Accounting Today, takes a look at “Great states for golden years” in an article posted on www.accountingtoday.com. He explores some of the trade-offs that need to be made when selecting a retirement destination. Check…