savings
Where does Social Security fit in your retirement plan?
If you’ve worked over your lifetime, you can likely expect to receive Social Security benefits when you eventually retire. And that is surely a good thing. Indeed, about 94% of those who now collect Social Security say that it is…
Advisory: If you take Social Security and are delinquent on your Student Loan
Consider this a “heads up” advisory! Starting “sometime this summer” the federal government may start garnishing some Social Security payments for beneficiaries who are delinquent on their student loans. While it may seem inconsistent that someone receiving Social Security still…
White House Statement about reducing Medicaid Fraud
In an effort to clarify (in the face of relentless media reports of potential healthcare cuts to needy Americans) the White House has released a statement about finding fraud, waste and abuse in the nation’s Medicaid program (not to be…
Are You Really Ready for Retirement?
Suddenly pulling the plug on a decades long working career can be disconcerting at best, and traumatic at worst! So, are you really ready for that? Going from a 40 to 50 hour work week, to suddenly having nothing but…
Retiring abroad has its challenges
Social media is full of advice for retirees wanting to live abroad. Their videos highlight the lower cost of living in places like Costa Rica, Malaysia, and Portugal. Yes, other countries have lower living costs, but that does not mean…
Future retirees will need a new retirement strategy
The way people are saving for retirement is changing. Why? A recent survey by GOBankingRates and New York Life found that just over 90 percent of respondents aged 65 and older said they would rely heavily on Social Security and…
Employees are contributing to their retirement accounts at a record rate
Although retirement account balances dipped in the first quarter of 2025, retirement savings rates “stayed consistently high,” according to a recent Fidelity Analysis. Fidelity attributed the small decline in retirement balances to the stock market turbulence. In their analysis, Fidelity…
Turning retirement savings into regular income
Turning retirement savings into regular income continues to pose a challenge for retirees, according to Vanguard’s investment strategy group. The group examined information from 70,000 retirees who had been in an employer-sponsored 401(k) plan administrated by Vanguard for five years…
Are you emotionally ready to retire?
Although most retirement planner focus on the financial aspects of achieving a comfortable retirement, don’t forget about the emotional aspects as well. Are you ready to go from a full day of working, along with the related stress of your…
New Tax & Spending Bill being considered
The House Ways & Means Committee recently released a draft of the Trump Administration’s planed Tax Bill for the next fiscal year, and that bill could be voted on in the House of Representatives by next week. Of course, the…