savings
Are We Approaching Social Security Reform the Wrong Way?
According to one Social Security pundit, we are approaching U.S. Social Security reform all wrong. In this article by Andrew G. Biggs of the American Enterprise Institute (AEI), the author contends that all policy discussions about Social Security reform center…
Concerned about Social Security? Don’t be!
If you pay attention at all to media accounts and armchair pundits, you are already aware that Social Security has a looming solvency issue, expected to come to a head in less than a decade. According to the Trustees of…
Will Social Security and Medicare Benefits Continue with the Government Shutdown?
The “government shutdown,” resulting from a disagreement between political parties on whether to continue funding the government while certain issues are unresolved, will likely continue for a while yet, according to this Motley Fool article. But will that affect your…
Demystifying Your Social Security Benefit
Your Social Security Benefit Winston Churchill famously described the Soviet Union as “a riddle inside an enigma wrapped in a mystery.” That is also an apt way to describe your Social Security benefit, or so it seems when trying to…
Medicare “Open Enrollment” is now – Here’s how to save money!
The annual Medicare “Open Enrollment period is upon us, starting on October 15th and running through December 7th. This is the time of the year when you can change your Medicare coverage, and it is the best time to evaluate…
Going back to the basics
Many people are afraid of cuts to Medicare and Social Security. According to a new survey by NerdWallet, 70 percent of Medicare recipients are concerned that their benefits will be reduced in their lifetime. “When you have worries like this,…
Preserving your purchasing power
We have all heard the phrase “purchasing power,” but what does it mean to the average pre- and post-retiree? Purchasing power is “the value or buying capacity of your fixed retirement income in the face of inflation.” We have also…
Determining your retirement savings needs
Some leading retirement experts have said that two million dollars is generally enough to retire comfortably. But do you really need that much saved for retirement? Everyone’s idea of retirement is different, so should their retirement savings; however, there are…
National HSA day
Although Health Savings Accounts (HSAs) are not officially recognized as retirement savings accounts, they can be used to supplement retirement savings in various ways. In honor of National HSA Day, October 15th, the Plan Sponsor Council of America (PSCA) has…
Bring your retirement strategy up to speed
The only thing constant is change – Heraclitus. That can also be said about retirement planning. The world is evolving, so should your retirement strategies. The same old strategies that served our parents simply do not apply in today’s economy.…