The Middle Class Retirement Nightmare

Title: The Middle Class Retirement Nightmare

Article Snip: "...Like a squirrel that hasn’t saved against approaching winter… 80% of American workers have under one year’s salary salted away for retirement. This we learn from a recent report issuing from the National Institute on Retirement Security..."

Reference: dailyreckoning.com
Middle Class Retirement

For first time ever, military's Tricare will have open enrollment similiar to civilian health insurance

Title: For first time ever, military's Tricare will have open enrollment similiar to civilian health insurance

Article Snip: "...For the first time, those using Tricare can take part in an open enrollment season akin to civilian healthcare, allowing users to change or keep their current plan. In addition, military retirees will no longer receive dental benefits through Tricare, but will be able to obtain..."

Reference: www.tampabay.com
Tricare, dental benefits through Tricare, Tricare Prime, dental and vision policy,

The Social Security Retirement Age Increases to 66.5 in 2019

Title: The Social Security Retirement Age Increases to 66.5 in 2019

Article Snip: "...Here's a look at how the retirement age is changing, and what this means for your retirement payments. An older Social Security full retirement age. The full retirement age used to be 65 for those born in 1937 or earlier. Those born between..."

Reference: usnews.com

More Reading: How the federal government makes sure you wont get much in Social Security. For example, the U.S. life expectancy for a white male in Alabama is 73.36 and the new Social Security age is 66.5. So if you are lucky enough to live until your are 73.36 you will collect Social Security for approximately 7 years. Now that's a real ponzi scheme!

What is 'Provisional Income'

Title: What is 'Provisional Income'

Article Snip: "...Provisional income is an IRS threshold above which social security income is taxable. The base, from §86 of the Internal Revenue Code (IRC), triggers taxability social security benefits requiring its inclusion in gross income tax payment on excess amounts..."

Reference: www.investopedia.com
Provisional Income,

What is considered "earned income" relative to social security benefits?

Title: What is considered income relative to social security benefits?

Article Snip: "...In general, the Social Security Administration defines “earned income” as “income from wages or net earnings from self-employment.” For example, earnings may include bonuses, commissions, and severance pay. Investment income, pensions, capital gains, and inheritances are not considered wages. Other types of payment made by an employer may be considered earnings under certain conditions..."

Reference: www.aarp.org
Social Security Earnings Limit, earned income,