Title: Retirement Planning: How To Get Out Of Debt Before Retirement
Tuesday, January 26, 2021
Retirement Planning: How To Get Out Of Debt Before Retirement
Thursday, January 14, 2021
Social Security and You
Title: Social Security and You
"Some 'real world' questions and answers relating to Social Security"
Reference: www.poncacitynews.comIs Social Security Income Taxable?
Title: Is Social Security Income Taxable?
Article Snip: "...About 35 percent of Social Security recipients have total incomes high enough to trigger federal income tax on their benefits. To figure out if your benefits will be taxable, you’ll need to add up all of your “provisional income,” which includes..."
Reference: www.theintelligencer.netSunday, January 10, 2021
Social Security, Medicare and Retirement Plan Changes for 2021
Title: Social Security, Medicare and Retirement Plan Changes for 2021
Article Snip: "...From the pandemic to politics and the economy, it’s been a wild year, especially for those near or in retirement. While some uncertainty remains in the outlook for 2021, here’s what you need to know about Social Security, Medicare premiums and retirement plan contributions..."
Reference: www.thestreet.comSunday, November 22, 2020
7 Things to Know About the Military's New Retirement Plan
Title: 7 Things to Know About the Military's New Retirement Plan
Article Snip: "...Generally, you need to serve for 20 years to retire, and when you retire with 20 years of service you’ll receive 50% of your base pay. If you choose the new plan, that multiplier of 2.5 reduces to 2.0, so you’ll only receive 40% of your base pay at 20 years..."
Reference: www.doughroller.netHow Much Debt do Baby Boomers Have?
Title: How Much Debt do Baby Boomers Have?
Article Snip: "...Baby boomers have an average of $25,812 of debt, not including mortgages—here’s how they compare to other generations.New Experian data finds that ..."
Reference: www.cnbc.comMonday, November 16, 2020
Average Retirement Income 2020: How Do You Compare?
Title: Average Retirement Income 2020: How Do You Compare?
Article Snip: "...Average Retirement Income from Pensions: A mere 31 percent of today’s retirees have retirement income from a pension, a 6% drop over recent years. This number is trending further downward. Consider yourself extremely lucky if you have this income..."
Reference: www.newretirement.comThursday, November 12, 2020
For Feds, Net Worth Is More Important Than Income
Title: For Feds, Net Worth Is More Important Than Income
Article Snip: "...Here are three big reasons why you should focus on your net worth more than your income..."
Reference: www.govexec.comMonday, October 26, 2020
Special Government Help for Your Retirement
20+ Government programs for older people that you may not know about
Title: Special Government Help for Your Retirement
Article Snip: "...government programs are also available, but many older citizens do not participate for a variety of reasons, including lack of knowledge about available programs and the complexity of the application process.3 Read on to learn about what's available, who qualifies, and how to obtain help along with information..."
Reference: www.investopedia.comMonday, September 14, 2020
When retirement is more valuable than disability compensation
Title: When retirement is more valuable than disability compensation
Article Snip: "...Payments under the Federal Employees' Compensation Act are generally higher, but some disability recipients may get more out of switching to the retirement benefit program..."
Reference: www.federaltimes.comYou can work while collecting Social Security but there are limits if you earn more than $18,240 a year
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.comThursday, 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.com