retirement
Social Security and Your Housing Costs – Some Key Things to Know
Many seniors grapple with the budgeting process, faced with a fixed income and an annual Social Security benefit cost-of-living adjustment that may not completely compensate for general price increases. Since housing costs are a substantial part of the overall financial…
Social Security Reform: A Pragmatic Assessment of Where We Are
Social Security has taken somewhat of a backseat in the 2024 presidential election cycle, with the need for action to correct the long-term problem funding problem overshadowed by the tepid pledges to “protect” the program. This absence of serious attention…
Heads Up, Savers! The IRA Contribution Limits for 2025 Are Annonced.
So much has been written about the level of savings future retirees have set aside for this phase of their lives, and much of it has been focused on the absence of wealth accumulation to offset the loss of income…
Why Does the Government Raid Social Security?
Dear Rusty: The Social Security program is funded by employees and their employers. The federal government does not contribute to the program, right? So why does the federal government feel they have the right to raid the fund? All the…
How to Supplement Retirement Income
With a 2.5% COLA coming next year and costs continuing to rise, you may want to consider ways to supplement your income. Some suggestions include part time work, using hobbies to create income and gig jobs. This article by Michael…
Some Basic Things to Know About Social Security
This article by Ash Marwah for The Villages News lists some facts about Social Security. Read here… Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on…
Different Views on how to Resolve Social Security Insolvency
In this editorial article for Camas-Washougal Post Record the writer explores potential scenarios depending on who wins the Presidential Election in November. Here… As an example of the leading thoughts on reforming Social Security, the Association of Mature American Citizens…
Amount Needed to Qualify for Social Security Credits Going up in 2025
Americans earn up to four credits per year to qualify for Social Security benefits in their later years. The 2024 amount is $1,730. In 2025 it will increase to $1,810. Those who work full time will not be affected by…
Workers are tapping into their retirement accounts
A recent report by TransAmerica Center for Retirement Studies found that retirement savers are taking a loan from their 401(k), IRA, or other similar plans while still working. The report did say, “Seventeen percent have taken a loan and paid…
Don’t make these retirement planning mistakes
Planning for your retirement can be stressful and overwhelming, but you should not put it off. Although it may seem like light years away, retirement will come sooner than later. How do you ensure that your retirement is the one…