Tag: Social Security
What Can Social Security Deduct from your Benefits
Social Security benefits are a valuable source of income for millions of Americans during their retirement years. However, it’s important to understand that several deductions can be taken from your benefit payments for various reasons. In this essay, we’ll discuss six common things that Social Security can deduct from your benefits. Taxes The first and […]
Who Is Eligible for Medicare and How to Get Started
Medicare is a federal health insurance program that has offered coverage for individuals over 65, regardless of income or medical history, since 1965. Over the years, the Medicare program has expanded to cover younger individuals with some specific healthcare issues. If you’re wondering about eligibility for the program, here are some basic facts on getting […]
What They Don’t Tell You About Retirement
The average retirement age in the United States currently sits at 62 years old. That said, the average fifty-year-old adult has only saved up approximately $44,000 as a nest-egg retirement investment. What are you missing in the puzzle of retirement? Something’s Not Adding Up The things soon-to-be or current retirees aren’t told about retirement can […]
Checklist to Ready You for Retirement
If you are thinking of retiring, or if you are no longer able to work as you previously did in the past years, getting ready to retire can be done by reviewing a checklist before this next big phase of your life. Ensuring you review a basic checklist to ready yourself for retirement is a […]
9 Bits of Personal Finance Advice that will Land You on Happy-Ever-After Retirement
If you have plenty of savings set aside, and you’re set for life and your retirement, then that’s great news. Of course, since this is definitely a new chapter in your life, there are a number of things you have to truly prepare for. First is to ensure that one most important thing: do you […]
Why Boomers Are Not Saving Enough For Retirement
The statistics show half of all Americans are not saving for retirement. According to Life Insurance and Market Research Association(LIMRA), a financial services trade organization, one-third of Americans over age 50 have worked with a financial advisor. The survey asked consumers what investment vehicles they were using to save for their retirement (when they were) […]
Will You Be Working Into Your 70’s?
Billionaire Carlos Slim said that boosting the retirement age to 70 would help to prop up the world’s struggling economies, according to Mexican press reports cited by Forbes. He says the current retirement age was selected because at that time people worked more physical jobs. Slim suggested the cure for our economic ills would be raising […]
Are Baby Boomers Being Greedy?
Some of our fellow Baby Boomers are saying we are receiving too much in our retirement checks. We didn’t put the money into the system and do not deserve to be taking it out. Our supposed greed is destroying the system and we should be the ones to take cuts in our retirement check […]
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