seniors

One More Time: When Should I Take Social Security Benefits?

It’s not always a simple decision, and it’s one of the most frequently-encountered questions most financial planners receive from their clients. Here, in a less-than-three-minute video clip from Fox 2 St. Louis, is a summary view of points to consider…

How people should adjust their financial plans

There is no one-size-fits-all retirement advice for soon-to-be retirees, especially retiring in an economic recession. We all have watched our retirement portfolios take a dramatic dip this year, with all the markets down double-digit percentages. Trina Paul explains what soon-to-be…

Can you pass this Social Security quiz?

Social Security is the major source of income for most of the elderly, with nearly nine out of ten people aged 65 and older receiving a Social Security benefit as of June 30, 2022. Social Security benefits represent about 30…

What is driving retired workers back to the labor force?

A recent report from Indeed Hiring lab found about 1.7 million people who retired a year ago have rejoined the workforce. Why? “The costs of living were going up even before the current inflationary cycle that we are in now,”…

Social Security and federal taxes

The only difference between death and taxes is that death does not get worse every time Congress meets. – Will RogersAll of us pay taxes; it is a fact of life. Despite the rumors on social media platforms, the government…

Perceptions vs. Reality in Retirement Planning

The newly released survey from the Stanford Center on Longevity (SCL) examined the challenges and concerns facing individuals as they plan for retirement. “So many Americans manage their finances on their own for years without any advance planning, only to then…

The Social Security Expansion Act

Without Social Security benefits, about 4 in 10 adults aged 65 and older would have incomes below the poverty line, according to official estimates based on the 2021 Current Population Survey. Social Security benefits provide at least 50 percent of…

High rents outpace federal disability payments, leaving many homeless

(By Fred Clasen-Kelly for NPR published September 15, 2022) After two months of sleeping in the Salvation Army Center of Hope homeless shelter in Charlotte, N.C., Margaret Davis has had no luck finding an apartment she can afford. The 55-year-old…

Senior Citizens League Pushes for Another Stimulus

Citing the damage that current inflation rates are doing to the senior population, The Senior Citizens League (TSCL) Chairman Rick Delaney has called on Congress to consider an additional $1400 stimulus payment to older Americans. In an article posted by Vance…

A Retrospective on Aging: Looking back to 1995’s White House Conference on Aging

The “Contract with America” adopted by the Clinton Administration served as the centerpeice for the 1995 White House Conference on Aging, a convocation that adopted as its top resolution, ““Keeping Social Security Sound for Now and for the Future.” Next Avenue Contributor Bob Blancato, in…

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