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How much should young workers save for their eventual retirement?
Younger workers of today, affectionately called “millennials” , are often counselled to save anywhere from 6% to 22% of their paycheck for their retirement, depending on who is advising them. But planning for the retirement needs for a millennial is,…
Medicare enrollment window is coming up. It’s a good time to review your healthcare needs.
With the annual Medicare open enrollment period just around the corner, now is a good time for seniors to take a look at their healthcare needs. If you’re just approaching or just became 65, you can enroll anytime within 3 months…
Where 401(k) Plans Fall Short for Retirees
Forbes contributor Jamie Hopkins, in collaboration with Stanford Center on Longevity research scholar Steve Vernon, FSA takes a critical look at a shortcoming of one of the most preferred retirement savings plans, the 401(k). Their article, posted on www.forbes.com, addresses the absence of assistance…
Why no election dialogue about Social Security?
Despite all of the rhetoric as candidates vie in the upcoming elections, the one topic that seems to be missing from the dialogue is Social Security and how to make sure it stays solvent. This article in The Daily Beast by…
Younger workers often skeptical about Social Security, but it will be a big part of their retirement plan.
It’s pretty common for younger workers to resent FICA withholding and be skeptical about the value of Social Security in their own future. But the fact is that Social Security will be there for them when the time comes and,…
Should you delay getting your flu shot?
Most seniors know that flu season arrives every year, and many get a flu shot as soon as possible to reduce their risk of infection. But did you know that the timing of your immunization could influence its effectiveness? Can you actually…
When you do your retirement planning, count on living to a ripe old age.
Planning your retirement would sure be a lot easier if you knew how long you were going to live. But the best way to make sure you’ll have enough to take you comfortably through the rest of your life is…
Are there flu shots designed especially for seniors? Yes.
There are two flu vaccines that are best for seniors, who tend to have somewhat weaker immune systems, and both of these options are readily available along with the standard vaccines. This Ithaca Journal article by correspondent Jim Miller explains…
Social Security Disability Insurance trust fund – solvency issues and suggestions to fix
The Social Security Disability Insurance (SSDI) trust fund recently averted a short-term benefit shortfall which keeps it stable until 2023. But the base problems – the exploding and excessive number of people now receiving disability benefits, and the lack of incentive…
Don’t be blindsided by the Windfall Elimination Provision or the Government Pension Offset
The Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) may affect anyone who has worked in a government civil service job which didn’t withhold Social Security payroll taxes, but who is also eligible for Social Security benefits. This FEDweek…