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Dealing with you shortfall in retirement funds
By design, Social Security benefits will cover less than half of your pre-retirement income. So, what to do about the shortfall? In an article posted by Maurie Backman on host.madison.com, several fundamental steps you can consider to generate cash for support during…
Concerned about a lack of savings for retirement? Here are some things you can do about it.
The National Institute on Retirement Security points out that roughly one-third of Americans in the 55-65 age have no savings for their retirement years. Those of you who are in that category, or know someone who is, might benefit from the…
Which states tax Social Security benefits?
CNBC’s Financial Advisor Playbook (“FA Playbook”) takes a look at the 13 states that currently tax Social Security benefitsin this article posted at www.cnbc.com. Here’s a direct link to the article… Notice: The link provided above connects readers to the…
New to Medicare? Five Things You Should Know
If you are moving from an employer health insurance to Medicare there are five things you need to know to make the transition easier. These tips range from understanding you out-of-pocket exposure to strategic scheduling of procedures, and can help…
Retirement’s Effect on Housing
Retirement is affecting much of the housing market now that Baby Boomers are reaching age 65 at the rate of 10,000 each day. Those entering retirement are looking for a place to move that fits their needs in the next stage of…
Bill introduced to improve Social Security Disability Insurance back-to-work reviews and stem SSDI fraud
Sen. Tom Cotton, R (AR) has introduced S. 3037, The Social Security Disability Insurance Return to Work Act of 2016, which is meant to help individuals receiving disability insurance benefits under title II of the Social Security Act obtain rehabilitative services…
How Many Women Handle Retirement
15% of women over retirement age are still working, a rate that has doubled from just 10 years ago. Women statistically have a rougher time in retirement than men, especially those that are single or divorced, and they are 80%…
Injecting reality into Your Retirement Goals
Turning retirement goals into reality requires planning…something that many folks find difficult to accomplish. The problems that this absence of planning creates for the future are discussed in an article published on www.fedweek.com and, while not necessarily news, presents some excellent food for thought. Check…
More Thoughts on Saving for Retirement
The magic of compounding is explored in this an article by Dee Lee of boston.cbslocal.com, although the background math used to develop the projections might seem a bit overly enthusiastic, given the financial world’s rocky past over the past two decades. Nevertheless,…
Claiming Benefits Earlier vs. Later…Weighing the Pros and Cons
Whether you should file at 62 or wait to 70 is often a discussion filled with conjecture, emotion, and unsubstantiated opinions. If you’re approaching that decision point, it’s a good idea to take stock of your total situation before you…