Future retirees will need a new retirement strategy

The way people are saving for retirement is changing. Why? A recent survey by GOBankingRates and New York Life found that just over 90 percent of respondents aged 65 and older said they would rely heavily on Social Security and…

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A record year for Social Security

More Americans are filing for their Social Security benefits this year, according to an analysis by the Urban Institute. There are several factors, including the silver tsunami of retiring baby boomers, anxiety about the direction of the economy, changes to…

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Employees are contributing to their retirement accounts at a record rate

Although retirement account balances dipped in the first quarter of 2025, retirement savings rates “stayed consistently high,” according to a recent Fidelity Analysis. Fidelity attributed the small decline in retirement balances to the stock market turbulence. In their analysis, Fidelity…

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Garnishment of benefits are on hold

In yesterday’s headline article: “Are you at risk of a smaller benefit due to defaulted student loan?” the U.S. Department of Education announced it would begin to garnish Social Security benefits on those individuals who have defaulted on their student…

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 Are you at risk of a smaller benefit due to defaulted student loan?

The U.S. Department of Education announced its Office of Federal Student Aid (FSA) will resume collections of its defaulted federal student loan portfolio in May. The Department has not collected loans in default status since March 2020.  Out of the…

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“Ask Rusty – Social Security Questions Asked Over Coffee ”

Dear Rusty: My coffee conversations with a group of friends have resulted in several questions about Social Security: Dear Curious: Thank you for your readership, and I’ll be happy to tackle your “over coffee” questions about Social Security: This article…

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