savings
Retirement Planning and Social Security go hand in hand
Planning for retirement can be a sometimes daunting event, but something which is exactly the right way to secure your future. Some employers still offer a traditional “defined benefit” retirement plan, though these seem to be losing favor in American…
A Realistic Perspective on Reducing Social Security Fraud
Most media accounts of recently announced Social Security changes have been met with criticism by reporters, liberals, and anyone else wishing to label the Administration’s fraud and waste reduction efforts as misguided. But reality is that nearly $72 billion in…
About Seniors and Social Security Disability
In this very informative article, a former Social Security employee discusses Social Security Disability Insurance (SSDI) benefits, and draws a comparison between another disability program known as SSI (Supplemental Security Insurance). The former is a program available to all working…
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…
Official Press Release on Social Security Savings
Mark Hinkle, Press Officer for Social Security explains how Social Security has identified hundreds of millions of dollars in savings here… Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for…
Who is least likely to implement retirement income solutions
New research found employers’ lackluster stance on the available retirement tools for their employees. Instead, they are analyzing their investment lineups and considering updating plan features as they are worried about workers’ retirement readiness. Amanda Umpierrez reports why employers are…
Check in on your retirement goals
How often do you check on your retirement savings progress? According to a recent NerdWallet survey, only 23 percent of Americans had, in the prior 12 months, evaluated their progress toward retirement savings goals. Erin El Issa outlines how to…
Workers may not be financially prepared for the future
BlackRock, Inc., a multinational investment company, recently released statistics about how Americans plan for retirement. The statistics show that 33 percent of Americans have no retirement savings, and 69 percent have less than $150,000 saved. Caitlin Cahalan reports that American…
One retirement mistake not to make
Social Security is a program designed to provide a safety net to older Americans. However, it is designed to replace roughly 40 percent of pre-retirement wages. How about the other 60 percent? If your employer has a 401(k), then you…
Was the 2025 Cost of Living Adjustment (COLA) enough?
Well, almost certainly not, according to Maurie Backman in this Yahoo! Finance article. You see, annual COLA increases are actually “backward looking” – that is, they are based upon inflation which has already occurred, and they may not offset today’s…