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You’ll need an Average of $130,000
According to new estimates from Fidelity, if you are sixty-five years old, you can expect to spend an average $130,000 on health care during your retirement. Read article here… Notice: The link provided above connects readers to the full…
Early retirement and the tax code…some suggestions to ease the burden.
Leaving the “career” workforce earlier than planned opens up opportunities to take on contract work while drawing Social Security benefits, but it also presents some onerous tax implications as explained in an article by knoxnews.com columnist Frank Cagle. His article provides some…
Navigating Common Social Security Pitfalls
Making sure you get all that you are entitled to out of Social Security is more important than ever to more and more retirees. Americans entering retirement have the lowest personal savings in recent history and are relying on Social…
Boomers in the Housing Market
Baby Boomers are still the biggest movers in the housing market. Millennials are continuing to be priced out of the market as new communities are focusing on the older generation that is relocating and upsizing in retirement. 55+ communities are…
Calculating Spousal Benefit Amount Can Be Confusing
Many people think that Social Security’s spousal benefit rule is simply “Spousal Benefit is equal to 1/2 of the Higher Wage Earner’s benefit”. But it’s much more complicated than that, which often leads folks to think they’re being cheated when their…
In your 20s? Might be a good time to start saving for retirement.
Yeah, you’ve got more than four decades to save, but time does go pretty fast–even faster as the years go by. But early is better if you want to be certain your retirement years are as comfortable as you’d like,…
Youth Transitioning Out of Foster Care
Youths with disabilities face numerous challenges when they transition to adulthood. Those who are aging out of foster care face the additional challenge of losing their foster care benefits, although some will be eligible for Supplemental Security Income (SSI) payments…
2017 COLA Projections – An Early Estimate
Maurie Backman, in a post on fool.com, reports that early indications of the 2017 Social Security Cost of Living Adjustment (COLA) appear to he hovering in the .2% range (read that carefully, so you don’t miss the decimal just before…
To Draw or Not to Draw (Early)–Some Thoughts
There are a few very basic things to think about when contemplating whether to file for Social Security benefits at age 62. The Motley Fool’s Maurie Backman takes a look at this issue in an article posted on www.fool.com. Check it…
Social Security Administration Concedes on New Cyber Security Rule?
An article by The Commercial Appeal’s Washington Corespondent Michael Collins reports that the Social Security Administration is backing off on it’s mandated text-based access authentication for “my Social Security” accounts. Read the article here… Notice: The link provided above connects…