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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…
Another Case for Filing at Age 62
While the decision to file for Social Security benefits at age 62 is so often lumped into the “stupid decision” category by pundits and the media, there can be legitimate reasons for doing so. And these reasons didn’t totally evaporate…
The Social Security Earnings Cap Through the Years
Ever wonder how the annual cap on wages subject to Social Security tax has evolved since the beginning? It hasn’t always changed each year, and it hasn’t always been indexed to any inflation indicators; nevertheless, it has grown from a…
More Thoughts on Saving for Retirement
Sure, it’s a daunting concept: saving enough for a comfortable retirement. There are many questions, and many roadblocks (like life often getting in the way), but there are also many sources of helpful information available for you. Here, in an…