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Posts Tagged ‘social security’

Coming ‘Of Age’ – ‘Retirement Age’ That Is…

Posted in Retirement, tagged , , , , , , , on January 27, 2012 | 2 Comments »

As our baby boomer population starts contemplating the day they will leave the workplace, they begin to realize that there are a lot of decisions to be made regarding workplace and government provided benefits. Decisions regarding pension payouts may be mind-numbing – (a) single life, (b) joint life -100% benefit, (c) joint life – 50% [...]

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I’m in My 40s: What Amount Should I Be Saving – Part III

Posted in Savings, tagged , , , , , , , on November 8, 2011 | Leave a Comment »

This blog will continue the theme of how much you should be saving each year in order to meet the future goals that you have for yourself and your family. In the previous blogs, I used an individual who was in the 20 to 30 age bracket and then an individual who was in the 30 to [...]

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5 Common Retirement Planning Mistakes (and How to Fix Them)

Posted in Retirement, tagged , , , , , , , , on October 31, 2011 | 3 Comments »

The timing could not have been worse. The largest generation of retirees in our nation’s history is entering their retirement years during the worst economic downturn since the Great Depression. Not only have baby boomers witnessed their retirement accounts shrink by as much as 50% during 2008, they also have to deal with anemic yields on bonds [...]

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I’m in My 30s: What Amount Should I be Saving – Part II

Posted in Savings, tagged , , , , , , , on October 11, 2011 | 3 Comments »

This blog will continue the theme of how much should you be saving each year in order to meet the future goals that you have for yourself and your family. In the previous blog, I used an individual who was in the 20 to 30 age bracket. This blog will focus on the next decade [...]

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What Amount Should I be Saving – Part I

Posted in Savings, tagged , , , , , , , , , on September 13, 2011 | Leave a Comment »

Over the past few months I have written several articles on this blog about what individuals need to do with respect to what the future will be like related to things like social security benefits and health care costs if there was a change in these programs as the Congress deals with the deficit and [...]

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My Future Health Care Costs

Posted in Retirement, tagged , , , , on August 23, 2011 | Leave a Comment »

In my blog on July 12, 2011, “What The Federal Budget Dilemma Means to You”, I identified 5 things that you could do to deal with what your future retirement would be like. The second of those items dealt with what the future cost of health care would be in 20 years when we are ready [...]

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Another Twist on Roth Conversions

Posted in Retirement, tagged , , , , , , on August 19, 2011 | 2 Comments »

A Roth conversion is relatively simple. In essence, you agree to withdraw funds from your IRA today, pay the associated taxes, deposit those assets into your Roth IRA, and enjoy tax free growth and withdrawals going forward. There are, of course, numerous rules that complicate things a bit, but most people conceptually understand the process. [...]

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How Will a Reduced Social Security Benefit Affect Me?

Posted in Retirement, tagged , , , , , , , , , on August 9, 2011 | Leave a Comment »

In an earlier blog, I wrote about the impact of the higher age at which social security benefits start (Full Retirement Age or FRA) based on the changes in the law enacted in 1983. The premise of that article was that the benefit was 19% lower because current retirees have an FRA of 67 versus [...]

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What The Federal Budget Dilemma Means to You

Posted in Credit/Debt, Retirement, tagged , , , , , on July 12, 2011 | 2 Comments »

This past week I became aware of a website that allowed me to try to balance the federal budget. I decided I would see what this was all about and actually went through the challenge of doing this. You can participate as well by going to www.federalbudgetchallenge.org. I won’t bore you with the options I selected, [...]

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Of Medicare and Medicaid…and a Bit of Social Security, Too

Posted in Retirement, tagged , , , , , , , , , on May 4, 2011 | 1 Comment »

I was not surprised to see how widely Representative Paul Ryan’s budget proposal has been applauded. I have to admire his attempt. Few politicians have been willing to tackle such thorny measures. And the measures are thorny. Three in particular make those who are impacted downright bristly: Medicare, Medicaid and Social Security (MM&S). The Problem [...]

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