savings
Declining mortality rates do not bode well for Social Security
“Mortality rates are declining, and living beyond 90 is in reach for many, as medical advancements have made it possible to live longer than ever before.” That statement is the key thrust of this Fortune magazine article about how changing demographics are…
Oh no!!! A COLA Forecast Already?
While it is far to early to accurately predict the 2026 Cost of Living Adjustment (COLA) for Social Security recipients, predictions inevitably happens about this time every year. After all, next year’s COLA won’t be known until early-October of this…
Course Correction at the Social Security Administration Sorely Needed
Amid all of the media hyperbole from liberal Democrats in arms about the Department of Government Efficiency (DOGE) and, most recently, about DOGE activities to cut Social Security fraud and waste, comes a reasoned opinion by a respected media executive…
Ten Tips for Retirement Planning
Although it is sometimes difficult to think about a retirement far into the future, doing so is an important decision, and the earlier you plan, the better your retirement outcome will be. Still, it’s hard to predict how to balance…
Ask Rusty – Will My Social Security Increase if I Keep Working After Applying?
Dear Rusty: I am going to be 67 in a few weeks & I plan on working for another year or two. According to Social Security, they count the best 35 years to come up with your benefit. I currently…
What to do when the Stock Market declines
If you’re been watching the stock market at all these days, you are already aware of the quite severe decline which has occurred as a result of President Trump’s tariff announcements. Any decline in the market can be stressful for…
How should workers with a 401(k) react to the dip?
With the stock market tumbling, concerns among investors are stashing away money in retirement funds like 401(k)s. Stock market volatility can be stressful, especially for those nearing retirement age, but don’t panic. So, how should workers nearing retirement react to…
Debt is impacting retirement
Debt, mostly credit card and medical debt, is the highest form of borrowing among Boomers and Gen X, according to a recent report released by National Debt Relief, a debt settlement organization. Half the respondents reported being “overwhelmed” by debt.…
Providing workforce retirement benefits
Most employers are committed to providing workforce retirement benefits for the foreseeable future, according to the recently released MetLife’s 2025 Enduring Retirement Model Study. The study found that 8 in 10 large plan sponsors “cannot envision a time when their…
When your benefits are really just bonus money
You can begin your Social Security retirement benefits as early as age 62. However, if you start receiving benefits early, they are permanently reduced. What if you are not reliant on Social Security to pay for basic retirement expenses, and…