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Retirement Finances–The Importance of Understanding the Details
The Organization for Economic Cooperation and Development recently surveyed adults in 30 countries to determine how up-to-date they were on financial matters affecting their future security, finding that “just 56 percent of adults can answer five of seven basic questions about…
Social Security: Who Needs it?
Financial journalist Scott Burns, in a post today on www.mystatesman.com, responds to a reader question on why Social Security is relevant to all but the top two or three percent of wage earners. Read his comments here… Notice: The link…
Employee-Sponsored Retirement Plan Changes for 2017 Announced
The 2017 updated limits for various employer-sponsored retirement and welfare plans have been announced. The new parameters are presented in an article by McDermott Will & Emery’s Jeffrey Holdvogt, Jacob Mattinson, and Diane M. Morgenthaler, posted on www.jdsupra.com. Check it out here… Notice: The…
Some Common Social Security Questions
Former Social Security Administration official Tom Margenau provides answers to a series of basic program-related questions in an article posted today on tucson.com. The questions relate to custodial benefits for grandchildren, options for applying for benefits, surviving spouse benefits, whether or not…
Social Security Reform–A Radical Proposal
A far-reaching Social Security reform proposal developed by Barron’s contributors Dudley Kimball and Robert Morgan features a “private option” that would allow risk-tolerant individuals to select tax-advantaged, self-directed investments in lieu of participation in the government program. The proposal. though,…
Medicare Bars New ‘Seamless Conversion’ Efforts For Some Seniors
(By Susan Jaffe for Kaiser Health News) The federal government is temporarily blocking more health insurance companies from automatically moving customers who become eligible for Medicare into Medicare Advantage plans while officials review the controversial practice. Continue reading article here……
Saving for Retirement – Some Practical Suggestions
It’s never too late to think about your retirement nest egg. If you’ve already started, great, but there’s always more you can do. If you haven’t begun building a cash reserve for your later years, you need to give it…
More thoughts on the persistent “When to file” question.
Whether to file at age 62, 66, or 70…that is the question, and it’s one of the most frequently heard questions from those who have not yet decided. Russ Britt of Investor’s Business Daily offers more food for thought on…
Will your retirement savings last? There are myriad concerns.
Even among folks with multiple retirement income streams, there are serious concerns about running out of money in their later years. A study conducted by the AP-NORC Center for Public Affairs Research puts a spotlight on these concerns, and an article…
Savers get a boost with new IRS limits for 2017.
The internal Revenue Service announced its “2017 Limitations Adjusted As Provided in Section 415(d), etc.” and savers will be pleased to see that the opportunities for tax-advantaged savings have been enhanced, if only a little bit. The enhancements primarily involve…