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Reforming Social Security – Let’s cut through the rhetoric and start on the same page.
The discussion of Social Security’s issues today are all too often couched in terms which are designed more to stir emotions than actually seek solutions and, unfortunately, politicians usually examine this issue with an eye only on how it affects…
Don’t make these big mistakes about your taxes in retirement
It’s a whole new world when you’re retired, with certainly a lot more awareness of your finances now that you’re on a fixed retirement income. That financial awareness should include not letting any tax surprises disrupt your lifestyle now that…
You might spend more, not less, in retirement.
Traditional wisdom says that retirees will need about 80% of their working income in retirement, and since Social Security was only designed to replace about 40%, where the rest comes from is important in planning for your golden years. But,…
How is Medicare funded?
It hasn’t gotten as much publicity in recent years as Social Security, but Medicare is just as intricately tied into the well being of American seniors, and it also has a looming solvency issue. And you may be surprised to…
It’s tax season – keep your Social Security number private and beware of tax scams!
The first three months of each year are always tax season, but stay aware that there are lots of nefarious scammers out there who take advantage of this time. Aside from the obvious tip to be careful about who knows…
Spending in Retirement Years–It Doesn’t Always Go Down
The Employee Benefit Research Institute (EBRI) reports that more than a quarter of all retiree households find their spending to be quite a bit more than before they “pulled the plug.” The Motley Fool’s Maurie Backman takes a look at this phenomenon…
Manufacturing and Retirement–Some Common Denominators
Manufacturing processes require a practiced eye to be effective, and retirement planning is just as dependent on focusing on the practical details. I an article by Forbes Contributor Robert Laura, the application of something called “blue collar wisdom” serves as…
The “Magic Age” for Retirement: A Moving Target
Mark Sievers of Wealth Matters, in a post today on www.dailyrepublic.com, provides a recap of how the “magic age” (a.k.a., your full retirement age) has evolved over the years. His article also discusses the trade-offs associated with filing at various age…
The Benefits of Waiting to Age 67 to File
Coordinating spousal benefits is an important factor in maximizing Social Security benefits for the long haul, and waiting to age 67 to file will provide a path to getting the most. Brian Stoffel of Fox Business provides some background on this…
Women, Retirement, and the Gender Wage Gap
The challenges women face in retirement have been discussed widely in various media reports, from care-giving responsibilities to the financial shortfalls caused by wage disparities during the working years. Anya Kamenetz of the Tribune Content Agency takes another look at…