retirement
Why did we drop in the global ratings?
Why is the United States retirement system getting a C+ rating from the latest Global Pension Index? The report says the U.S. system received a C+ ranking due to risks and shortcomings that should be addressed. What are these risks, and…
Remember to figure in Medicare into your equation
The Social Security Administration announcement of the 2.5 percent 2025 cost-of-living adjustment (COLA) has some people calculating their increase to their monthly benefit amount before they know one other increase that is due to be announced. What is this other…
The sandwich generation
Are you part of the “sandwich generation?” The sandwich generation consists of workers supporting young relatives and aging parents. According to the U.S. Census Bureau, there are roughly five million intergenerational households in the United States. Jill Schlesinger reports on…
What about the retirement industry
Nevin E. Adams, JD, the former Chief Content Officer and Head of Retirement Research for the American Retirement Association, has compiled a list of his ten pet peeves about the retirement industry. Read Mr. Adams’ article here… The links provided above…
COLA comes with bad news for retirees
The Social Security Administration announced on October 10th that the 2025 cost-of-living adjustment (COLA) will be 2.5 percent, which is lower than the 10-year average of 2.8 percent. Inflation has fallen; however, the prices of goods and services are still…
U.S. retirement system drops in global rating
The Mercer CFA Institute Global Pension Indexed just released its ranking of global retirement systems for this year. The U.S. system came in 29th out of 48 countries, with its overall score dipping to 60.4 out of 100, below the…
What to look for in a side hustle
Retirement, for many, can be a time to relax and enjoy your family and friends, but for some, it means finding a side hustle to fill in the time. In a recent poll of retirees, the average monthly earnings from…
Are you making this mistake with your new higher-paying job?
Have you switched to a higher-paying job recently? According to recent research from Vanguard, many workers who jump to a new position frequently enroll in their new 401(k) plan at a lower contribution rate than their previous employer, causing them to…
Social Security’s Efforts to Streamline Disability Applications
From application to determination for Social Security benefits is taking months. In addition, if an appeal is needed it can take years. Social Security Administration Commissioner Martin O’Malley is determined to make improvements. He will do this by hiring more…
Importance of Checking your History of Paying into Social Security
Your earnings statement is available when you set up an account at ssa.gov. It’s important to check it periodically, looking for accuracy. Failing to do so could result in a lower benefit than you should be receiving. Your employer is…