retirement
Thinking About Where to Retire with your $1.5 million nest egg? Here’s how long that nest egg will last in every state.
Well, with many Americans still suffering a “retirement crisis” – that is, not saving enough for their retirement – accumulating a $1.5 million nest egg before hanging up one’s work boots may seem like an unreachable goal. But, for the…
About not paying income tax on Social Security Benefits
President Trump has suggested that seniors should not have to pay income tax on their Social Security benefits, and (obviously) most seniors would agree. Some studies say that eliminating income tax on Social Security benefits would provide a welcome $3,000…
Ask Rusty – Will My Medicare Premium Change because I Sold Investment Property?
Dear Rusty: I have questions concerning the deduction of money from my Social Security benefit amount as relates to the sale of investment property. I am 66 years old and have been drawing Social Security since I turned 62. My…
“Buyer’s Remorse” for your Medicare Advantage plan? There is still time to switch.
There is no question that the “Medicare Advantage” program has seen phenomenal growth in recent years. “Medicare Advantage” plans are alternative healthcare plans offered by private insurers to replace “original Medicare” provided by the Federal Government. The attraction is obvious…
An Argument for privatizing Social Security
Speaking at the firm’s Retirement Summit program, Blackrock CEO Larry Fink spoke in favor of individual savings accounts funded by employer and employee contributions and market-based investment management as a better way to ensure continuity of Social Security. He based his…
The Plight of Today’s Retirees: A Tale of Living on Social Security
A post on Business Insider yesterday outlined the difficulties faced by a 70-year-old retiree attempting to navigate retirement life and survive with Social Security benefits as her sole income source. Compounding the struggle is her inability to obtain employment to…
“Baby Boomers” Facing Financial Reality of Retirement
The “Baby Boomer” generation has been reaching retirement eligibility since 2008. This population cohort is uncharacteristically large—76 million—and is expected to result in roughly doubling the population of Americans over age 65 by 2031. While that projection could potentially put…
Jean Chatzky on Social Security and Roth IRAs
Jean Chatzky, the former NBC Today Show financial editor and founder of HerMoney has words of advice for people who are preparing for retirement Jeffrey Quiggle for The Street explains here… Notice: The link provided above connects readers to the full…
A Primer on Collecting Social Security Benefits
You can start collecting Social Security benefits at 62, but it will be 30% lower than if you waited until your Full Retirement Age. For anyone born in 1960 or later your Full Retirement Age is 67. On the other…
Gen X Workers – What to Know about Social Security before Retirement
Those born between 1965 and 1980 are next in line for reaching Social Security benefit eligibility. Kaley Hagen writing for The Motley Fool, published by USA Today explains important points here… Notice: The link provided above connects readers to the full…