seniors
Why you should not rely on working in retirement
According to a new survey by CNBC and SurveyMonkey, over 25 percent of workers intend to work in retirement. However, research has shown that workers “often retire earlier than planned, perhaps due to a layoff or poor health.” Granted, it…
The need for a “call to action” for Social Security
According to Social Security Commissioner Martin O’Malley, “Nearly 30,000 Americans died waiting for their Social Security benefit decision last year.” With more than 70 million Americans who rely on Social Security benefits each month and with half the staffing levels,…
Retirement is evolving
Many people still hold the traditional idea that the retirement age in America is 65, but that is no longer the reality for many Americans. Individuals and companies base their decisions on this traditional retirement age concept. Those decisions range…
Are you guilty of napkin math?
Are you guilty of “napkin math” when deciding when to take Social Security? I think we all are, but how reliable is the math? Do you have all the necessary information to make an informed decision? Dana Anspac explains how…
Do you know what COLA means to retirees?
Although the official annual Social Security cost-of-living adjustment, or COLA, will not be announced until October 10th, the news media is buzzing with estimates on the percentage of the increase. But what does COLA mean to retirees? Adam Levy outlines…
Would Americans support lowering Social Security payments?
The Social Security Trustees project the Social Security Trust Fund will deplete its reserves by 2033; upon insolvency, all beneficiaries will face a 21 percent across-the-board benefit cut. The policymakers have only nine years until insolvency and must take action…
Medicare Open Enrollment is just around the corner
The annual Medicare Open Enrollment is right around the corner. The open enrollment period runs from October 15th to December 7th each year, when people with Medicare can review features of their Medicare plans offered and make changes to their…
Does your state tax retirement income?
Do you know if your state taxes your Social Security benefit and retirement income? Yes, some states do not tax your Social Security income, and some states do, but it is a modest amount. So, what about other forms of…
Is it a good idea to invest your Social Security in the markets?
Is retirement all about numbers, or are there more factors to consider when deciding at what age you should retire? Is it better to wait until age 70 to maximize your Social Security benefits, or take it early and invest…
Do you need all those things in retirement?
As you are planning the next stage of your life, you need to take stock of your possessions to make sure what you have is necessary for the next phase of your life. Joseph Eck, CFP, advises his clients to…