savings
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…
Not sure your nest egg will support your retirement? Here are some tips to correct that.
Many who are approaching retirement are uncomfortable that their savings and investment (otherwise called their “nest egg”) will be enough to keep them comfortable in retirement. It that is you, and you still have some time to adjust, then this…
Interesting Twist: Social Security Can Free You to Invest More Aggressively
Historically, most investment advisors counsel us to become more conservative in our investment strategy as we approach retirement. Conventional wisdom often suggests changing our investment portfolio from higher-risk stocks to lower risk investments such as the guaranteed returns from the…