Currently viewing the tag: "social security"

Social Security is referred to as the “Third Rail” for politicians – touch it and your political career is over. Everyone knows something has to be done to fix Social Security. The Annual OASDI (Old-Age, Survivors, and Disability Insurance) Trustees Report has been warning us for years. Here are just a few conclusions from the […]

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President Obama, Nov. 2, signed into law the Bipartisan Budget Act of 2015, a two-year budget deal. The legislation raises the federal debt limit and is paid for in part by provisions eliminating two Social Security retirement benefit claiming strategies, a provision to prevent a significant increase in Medicare Part B premiums for some, and […]

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The benefit statement contains an estimate of monthly benefits at various claiming ages and for disability claims.

Just when you thought Social Security benefit statements had become extinct… they’re back! Benefits statements used to be mailed out every year, which were stopped in 2011 in order to save $70 million in annual costs. Benefit […]

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Retirement planning as a couple should not overlook the challenges created when the first spouse dies. Most household expenses do not get cut in half because there is only one person living. This, however, is not the case for some sources of income.

Pensions – Employer plans may offer a lump sum option but many […]

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Theory vs. Reality

On November 21, 2013 By

 

An AARP study, in conjunction with Roper Public Affairs and Media, found some important, interesting, and (frankly) scary contrasts in what women reported compared to their actual situations.

The survey, “Looking at Act II of Women’s Lives: Thriving and Striving from 45 On” interviewed women from 45 to 90 years old, with an emphasis […]

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Last month I started a series on planning for retirement. Low interest rates, scarce pensions, stability concerns about Social Security, and longer life expectancy make retirement planning difficult. These concerns generate questions we help answer on a regular basis. Here are more of the most frequent questions people ask us.

Will Social Security keep […]

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Planning for retirement can be very difficult.

Interest rates are at historic lows, pensions are scarce and those with pensions are concerned about their solvency, the financial stability of Social Security is in question, and people are living longer than ever before. These concerns generate a lot of questions from those planning for retirement. Here […]

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Last week I talked about the double taxation of dividends. Corporations pay tax on their earnings which are taxed a second time when they are distributed to the shareholder as dividends. The Jobs and Growth Tax Relief Reconciliation Act of 2003 was an attempt by Congress at minimizing the tax bite by allowing dividends to […]

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