Families often rely on one person to bring in the income that sustains the household. When the family’s breadwinner dies, the loss is felt deeply. Compounding the family’s grief is the question of how to meet their daily needs. This can quickly become a serious issue. Under certain conditions, the survivors may be able to…
When a Breadwinner Dies: Applying for Survivors Benefits
Survey Shows About 30 Percent Retirees Aren’t Worried About Inflation on Their Savings—Well, Are You?
How worried are you about retirement inflation? You probably have a positive outlook about retiring comfortably if you’re in the majority of Americans. Those are the results of the 2022 Retirement Confidence Survey conducted by the Employee Benefit Research Institute and Greenwald Research in January, polling 2,677 workers and retirees. “Even with the concerns of the pandemic and…
Tom Brady: Retirement Date Not Set, but Much Awaits in Future
Tom Brady has unfinished business on the football field—he’s entering his 23rd season as an NFL quarterback—before he devotes himself to the businesses he’s created for the next stage of his life. In a wide-ranging interview with Variety posted Thursday, Brady discussed his future as an analyst with Fox Sports and owner of a production,…
More Mailbag Questions
Last week, instead of writing a column centered around just one Social Security topic, I decided to just reach into my electronic mailbag (my email inbox) and answer whatever questions I pulled out of there. But I ran out of column space before I ran out of questions. So today, more random Social Security questions…
Majority of Americans Fear Soaring Inflation Will Impact Spending Power in Retirement: Poll
The majority of Americans aged 45 to 75 are concerned that soaring levels of inflation may reduce their spending power when it comes to retirement, according to a new survey. The Protected Retirement Income and Planning Study by CANNEX and the Alliance for Lifetime Income was published on July 11 and conducted among 2,025 American consumers aged 45…
The Pension Crisis: What Happens When the Authorities Give Up? | John Moorlach
According to a recent report by the American Legislative Exchange Council, California’s unfunded pension liabilities are estimated to be at $1.5 trillion—about $38,000 of debt for each Californian. What are unfunded pension liabilities, and why do we have so much of it? We guarantee that our government employees will receive a set income at the…
5 Things You Need to Know About Annuities and Long-Term Care
One of the major demographic changes happening in most developed countries is the aging of the population. Thanks to better medical infrastructure, new and more effective medical treatments, and overall better quality of life, U.S. citizens today are able to outlive people from other less developed countries. This has had a big impact on the…
Your Upcoming 401(k) Statement May Shock You
If you have been saving for retirement using a 401(k), you may be surprised at what you see on your next statement. The new “lifetime income illustrations” could leave you very disappointed. You also may want to make some adjustments based on what you learn from the new information. SECURE Act Provisions In 2019, when…
It’s Time for Gen Zs To Start Thinking About Retirement Investing
Retirement is important for everyone, but it’s even more crucial for those in Generation Z. Why? Because the earlier you start saving, the more money you’ll have to enjoy in your golden years. As Gen Zs are starting to enter the job market, they should be thinking about retirement investing now rather than a decade down the road….
6 Things You May Not Know About Medicare
Whether or not you are on Social Security at age 65, you are eligible for Medicare, as long as you are a U.S. citizen or lawful permanent resident. Medicare is federal health insurance for people 65 or older, and for some younger people with disabilities. Most people on Medicare have helped fund it over the…
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