Online notices can show clients how much Social Security benefits will be in 2019
Some people have a hard time getting their one-time pass code to log on to their My Social Security account.
Social Security benefits
Social Security is millions of retirees’ main income source. That’s a problem.
The program could see benefit cuts and undergo significant changes in the future, and this poses a problem for seniors who depend on it for their main source of retirement income.
Smart financial strategies between retirement and turning 70
This period allows seniors to be more strategic about generating income from their portfolio and minimizing taxes.
Social Security benefits going up — but not for everyone
Social Security benefits will increase 2.8% next year, but some retirees will not see a rise in their retirement paycheck because of Medicare's hold-harmless provision.
Tax surprises clients may face in retirement
Retirees could end up paying taxes on the majority of their Social Security benefits when certain conditions are met.
Another challenge in retirement? Student loans
The number of older Americans who are carrying student loan debt into retirement has grown to 2.8 million from 700,000 in 2005.
One reason not to delay Social Security
Conventional wisdom says to wait as long as possible to claim retirement benefits, but there are exceptions to the rule.
Muni bonds sport attractive yields for retirees
While tax reform has been a mixed bag for muni bonds, a few factors working in their favor include constrained supply this year, as well as historically low defaults.
Social Security truth or consequences
There are hundreds of rules and claiming strategies – the wrong one can have major repercussions.
How to save for retirement with student loans
Workers are advised to contribute enough to their workplace plans to get the match even while paying off their college debt.
Blue-collar workers could be harmed by a higher retirement age
Compared with college-educated professionals, high school educated workers retire earlier because their jobs are physically demanding and less appealing for aging workers.
This retiree trap can send your Social Security benefits to the IRS
Seniors will have to pay income taxes on a certain portion of their benefits if their taxable income plus 50% of the benefits exceed a certain threshold.
IRS to retirees: Check your pension and Social Security withholdings ASAP!
Other groups, such as those who used to itemize tax deductions but will now use the high standard deduction, are also advised to check their withholding taxes.
Universal life insurance, a 1980s sensation, has backfired
Many older Americans are now facing hefty life insurance premiums due to dwindling interest rates. Many seniors are sitting on a "ticking time bomb."
Boosting widows’ benefits could reduce poverty in retirement: Report
Boosting the widow's benefit, while limiting the size of the increase for higher earners, could be a “well-targeted way to help reduce poverty for this vulnerable group.”
401(k) investors: As markets and economy surge, some experts fear a downfall
Tax cuts and other policies have stirred a stronger economy, but these results could mean vulnerable financial markets in the foreseeable future.
Millennials could be hit hard by delaying Social Security fix
Millennials and other younger clients would see their Social Security benefits decrease 21% once the program runs out of funds by 2034.
The No. 1 reason workers save money (it’s not for retirement or to buy a home)
More than one third of the respondents (37%) save for emergency purposes, while 30% save to secure their retirement. See the reason that tops the list.
Signing up for Medicare while covered by employer’s health plan
Seniors need to be mindful of enrollment deadlines with Medicare.
6 financial milestones employees should hit in their 60s
Seniors should have socked away at least 10 times their salary in their retirement accounts by the time they retire to secure their golden years.
