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Is there a link between the “Wage Gap” and the “Retirement Gap?”
Anna-Louise Jackson, a staff writer at NerdWallet, examines statistics showing a marked difference between the retirement assets of women and men. In an article posted on newsok.com, she offers suggestions for dealing with this matter. Read the article here… Notice:…
Your Two-Year Old Taxes Determine Your Medicare Premiums
In October each year the federal government announces the cost for Medicare premiums; based on your income tax return from two years ago, for the coming year. Read article here… Notice: The link provided above connects readers to the full…
Three Areas Where Future Retirees Need Direction
Working in retirement, picking a retirement target date, and managing home equity emerge as the three areas where investors raise concerns when thinking ahead to retirement. A survey conducted by Marketwatch seeking to better to understand where investors stand in their…
A Look at Disability Claims in Rural America
In a post today at socsecnews.blogspot.com, Charles T. Hall provides insights into what a recent Washington Post article claims is the cause for a “higher incidence of Social Security disability claims in rural areas.’ His comments counter the Post’s suggestion that the…
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…