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Are you realistic when estimating when you can retire?
Many people are overly optimistic when trying to figure out when they can afford to retire. They often aren’t saving enough money to begin with, don’t have their money properly invested, and have no idea how to calculate how much…
Beware of Scam Mail Warning about loss of Social Security benefit
Mail has been received by some Florida residents suggesting that Congress is considering doing away with Social Security, and requesting a donation to help prevent that from happening. This mail is a bogus attempt to scare seniors into making a…
Most Americans believe prescription drug prices are unreasonable
(Ed Silverman for STAT) Roughly 8 in 10 Americans believe that prices for prescription drugs are unreasonable and support various ideas to lower costs, such as allowing Medicare to negotiate with drug makers and enforcing price caps on high-priced medicines…
How Many Americans are Affected by Social Security
Social Security helps over 60 million people each year, almost 20% of the U.S. This includes retirees, surviving spouses and children, and the disabled. This number grows each year, and just the number of retirees alone is staggering as Baby…
Where to go for Social Security Information
In light of the recent report showing how inadequately employees advise claimants, many are wondering where the best place would be to go for information regarding Social Security. Carolyn Colvin, the acting commissioner for Social Security, says the official website…
Your Financial Security in Retirement–Some Potential Obstacles
In an article posted on www.kiplinger.com, Financial Advisor Scott M. Dougan, RFC, explains several of them more common impediments many people face in ensuring a solid retirement financing program. From outliving your resources to underestimating inflation, the article is a…
A Look at this Thing Called “Entitlement Reform”
In an article posted on www.usatoday.com, Joanna Allhands and Brett McGinness of USA TODAY take a look at the need for something the media consistently labels “entitlement reform”–a term viewed by many seniors as an inflammatory misnomer to what is an “earned benefit”…
The Economics of Aging
Money management is a very important aspect of retirement; it is all too easy to get slapped with extra fees or taxes for any of a multitude of reasons. Contributing to an IRA can still give you tax benefits, but…
How Social Security can affect your Medicare premium
Most people who are already receiving Social Security benefits are protected from an increase in Medicare premiums due to the “hold harmless” provision included in the Social Security Act. This provision provides that Social Security benefits can’t decrease because of an…
3 Important things to know before applying for Social Security benefits
If you’re approaching the age at which you are thinking about applying for Social Security, there are some things you should take time to investigate before you decide. This Motley Fool article by Brian Stoffel highlights 3 things you should consider…