Social Security is not in crisis, but the coming inability of Social Security taxes to cover benefits is close enough (2033-2034) to have prompted most presidential candidates to take a position. Republicans want to close the gap by reducing benefits. Democrats want to close the gap by increasing tax revenues. The enacted solution is likely [Learn more…]
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New Rules for Claiming Social Security Benefits
New rules eliminate the ability of spouses who do not reach 62 by January 1, 2016 to file for spousal benefits while letting their own retirement benefits grow. April 29, 2016 is the deadline to reach age 66 and “File and Suspend” in order to let your retirement benefits grow while your spouse takes spousal [Learn more…]
Cybersecurity: Social Engineering
Types of social engineering like spoofing and hacking involve researching and even contacting the target. What should you look for?
Cybersecurity: Phishing for Beginners*
We’re facing a rise in common cyber threats, especially phishing, the practice of sending emails purporting to be from reputable companies.
Guaranteed Minimum Withdrawal Benefit Annuities – Part 2: The solution to rock solid financial security? Or too good to be true?
In last month’s newsletter, I described a product called a Guaranteed Minimum Withdrawal Benefit (GMWB) annuity, and I gave an example of how it works. A GMWB annuity is one of several types of products that more broadly fall under the name, Guaranteed Minimum Living Benefits. Each type of product in this category works in [Learn more…]
Government Debt and Your Finances
This article discusses how the federal debt impacts programs like Social Security, Medicare, and your finances.
Taking Time Out from Work: What’s the Cost?
You’re considering taking time off from working. How will this choice affect your income, taxes, and Social Security benefits?