Article Snip: "...Meanwhile, an estimated 88% of nonretirees polled by Gallup believe they'll need their Social Security income to help make ends meet in retirement. This 88% figure marks an all-time high since this annual poll began in 2001..."
Reference: www.usatoday.comMonday, September 14, 2020
Thursday, September 10, 2020
How a Roth IRA Could Help You Keep More of Your Social Security Benefits
Title: How a Roth IRA Could Help You Keep More of Your Social Security Benefits
Article Snip: "...One significant advantage of investing in a Roth IRA is that your withdrawals in retirement are tax-free. But Roth IRAs offer another tax perk that could help you keep more of your Social Security benefits..."
Reference: starherald.comSaturday, August 8, 2020
Biden vs. Trump: Where the Presidential Candidates Stand on Social Security
Title: Biden vs. Trump: Where the Presidential Candidates Stand on Social Security
Article Snip: "...Biden's overall plan includes some provisions that would boost Social Security benefits in many cases, but it would come at the cost of additional taxes. Meanwhile, Trump hasn't taken Social Security head-on as an issue..."
Reference: www.msn.comSunday, July 26, 2020
A Strange Social Security Rule Puts Today's 60-Year-Olds at a Big Disadvantage. Lawmakers Are Working to Change That.
When it comes to Social Security, 2020 is a bad year to turn 60.
Article Snip: "...As a result, seniors who turn 60 in 2020 will be in line for a much lower benefit during retirement than those who turned 60 just a year ago. That is, unless lawmakers intervene. Will today's 60-year-olds be spared a reduction in benefits? A couple of bills have been introduced to adjust the formula used to calculate Social Security benefits, thereby saving today's 60-year-olds from a lower monthly benefit for life. The Social Security COVID Correction and Equity Act..."
Reference: www.fool.comSaturday, July 25, 2020
When might the IRS be sending the second stimulus check?
Title: When might the IRS be sending the second stimulus check?
Article Snip: "...After Senate Republicans present CARES 2 on Monday, members will begin the work of finding common ground with Congressional Democrats on who will be eligible for the second payment, how big the next stimulus check should be, and when the IRS would start sending out the money once approved. Treasury Secretary Steven Mnuchin offered a clue..."
Reference:Tuesday, July 14, 2020
5 Tips For The Millions Of Singles Heading Into Retirement Solo
Title: 5 Tips For The Millions Of Singles Heading Into Retirement Solo
Article Snip: "...Retiring single or without children has its advantages and disadvantages. With a little extra planning, you can have a fun and fabulous retirement. With some proactive advice, your retirement can be even happier, healthier and wealthier..."
Reference: www.forbes.comSunday, June 7, 2020
Can creditors take your Social Security?
Title: Can creditors take your Social Security?
Article Snip: "...Unfortunately, defaulted debts can lead to a host of problems, including credit damage, lawsuits and sometimes even wage garnishment. But can a creditor take your Social Security if they’re collecting on past-due debts?..."
Reference: www.msn.comTuesday, March 24, 2020
Should I Stop Funding My Retirement Savings Because of COVID-19?
Title: Should I Stop Funding My Retirement Savings Because of COVID-19?
Article Snip: "...Tempting as it may be to scale back on contributions, you should try your best to continue funding your 401(k) or IRA..."
Reference: www.fool.comSunday, March 15, 2020
These are the 13 states that might tax your Social Security benefit
Title: These are the 13 states that might tax your Social Security benefit
Article Snip: "...the tax buck doesn't stop with Uncle Sam. Believe it or not, 13 states also tax Social Security benefits to some varied degree. Listed in alphabetical order, these states may take an additional bite out of your Social Security income, if given the opportunity..."
Reference: www.usatoday.comThursday, March 12, 2020
Retirees: How to Protect Your Portfolio in a Market Crash
Title: Retirees: How to Protect Your Portfolio in a Market Crash
Article Snip: "...futures were down again at the time of this writing. The coronavirus outbreak still poses a major risk to global growth that is almost impossible to adequately prepare for...ways in which retirees and those nearing retirement can protect themselves in these turbulent times..."
Reference: www.msn.comA look at what happens when stocks enter a bear market
Title: A look at what happens when stocks enter a bear market
Article Snip: "...All told, the Dow fell 1,464.94 points Wednesday to 23,553.22. That's 20.3% below its record close of 29,551.42 on Feb. 12. The S&P 500 index slid 140.85 points to 2,741.38. It's now down 19% from its high of 3,386.15 on Feb. 19..."
Reference: www.daytondailynews.comMonday, February 24, 2020
Coronavirus fears shouldn't stop you from investing in stocks and adding to your 401(k)
Title: Coronavirus fears shouldn't stop you from investing in stocks and adding to your 401(k)
Article Snip: "...deadly coronavirus in China shape your 401(k) in 2020? A significant rise in virus cases on Monday renewed concerns about an economic fallout from the outbreak, sending the Dow Jones industrial average tumbling nearly 900 points. Wall Street professionals who manage money have advised clients to stay the course..."
Reference: www.usatoday.comThursday, January 23, 2020
Trump on Entitlement Cuts: “At some point they will be” on his agenda
Title: Trump suggests he may be open to entitlement cuts in future
Article Snip: "... Asked if entitlement cuts would ever be on his agenda, Trump responded, “At some point they will be.” As a candidate for the White House, Trump stood apart from much of the GOP primary field as he vowed to oppose cuts to Social Security and Medicare..."
Reference: abcnews.go.comThursday, December 12, 2019
If you don't know these 3 things about your 401(k), you're losing out
Title: If you don't know these 3 things about your 401(k), you're losing out
Article Snip: "...If you fund a traditional 401(k), the money you contribute is made with pre-tax dollars, which means you immediately shield income from the IRS. That could translate to some huge savings. For example, if you're under 50 and max out your 401(k) this year at $19,000, and you're in the 24% tax bracket, that means you effectively shave $4,5..."
Reference: www.usatoday.comMonday, December 9, 2019
Can this civil service retiree get Social Security benefits?
Title: Can this civil service retiree get Social Security benefits?
Article Snip: "...currently retired from United States Postal Service under Civil Service, so I didn’t pay into Social Security the whole time. I did before that job, and I’m four credits short for Social Security. However, my wife collects on disability. Can I possibly get my credits through her?..."
Reference: www.nj.comFriday, December 6, 2019
TSP Two-step authentication mandatory before the end of 2019
Title: TSP Two-step authentication mandatory before the end of 2019
Article Snip: "...You can avoid interruption to your account access by adding these security features in your My Account Profile Settings now..."
Reference: www.tsp.govTuesday, November 5, 2019
Best City to Live in Every State
Title: Best City to Live in Every State
Article Snip: "...The majority of the cities on this list are relatively wealthy. Valley, Alabama is an exception. The typical household in Valley earns just $39,387 a year, about $5,000 less than the typical Alabama household. Still, serious financial hardship is less common in Valley than in Alabama as a whole as 15.7% of area residents live below the poverty line, well below the 18.4% state poverty rate. Valley residents also benefit from a low cost of living as goods and services are about 6% less expensive in the city than they are nationwide on average. Valley is a pilot city for the Alabama Communities of Excellence program, a non-profit that partners with governments, businesses, and universities to prepare participating communities for a more vibrant future..."
Reference: 247wallst.comStates Where People Live the Longest
Title: States Where People Live the Longest
Article Snip: "...To identify the states where people are expected to live the longest, 24/7 Wall St. reviewed life expectancy at birth figures for 2010-2015 obtained from the National Association for Public Health Statistics and Information Systems (NAPHSIS) and the Robert Wood Johnson Foundation (RWJF)..."
Reference: 247wallst.comUnited States Complete Period Life Tables, 2008
Title: United States Life Tables, 2008
Article Snip: "...Objectives — This report presents complete period life tables for the United States by race,Hispanic origin, and sex, based on age - specific death rates in 2008..."
Reference: www.cdc.govLife Tables for the United StatesSocial Security Area1900-2100
Title: Life Tables for the United StatesSocial Security Area1900-2100
Article Snip: "...Actuarial Study No. 120 displays life tables based on historical and projected mortality in the area covered by the United States Social Security program. This projected mortality was used in estimating the future costs for the Old-Age, Survivors, and Disability Insurance (OASDI) program included in the2005 Report of the OASDI Board of Trustees to Congress. A web address for this and other Actuarial Studies is www.socialsecurity.gov/OACT/NOTES/actstud.html.The historical calendar year life tables in this study differ from those published by the National Center for Health Statistics (NCHS). NCHS prepares U.S. Decennial Life Tables based on the decennial census of population and deaths for a three year period containing the census year..."
Reference: www.ssa.gov