When you analyze the reasons why such a high percentage of people have not made any retirement plans you have to assume that many of them have overly optimistic expectations regarding Social Security. This program is intended to be a safety net that can supplement your retirement income, but it is not an end-all in and of itself. A recently conducted poll of baby boomers who are nearing retirement age found that most of the respondents were going to be relying on Social Security to make … [Read more...] about Social Security COLA On The Way For Seniors
Retirement Planning
Are Medicare Cuts On The Way?
It is said that all things are connected, even things that take place at a distance, and there is that "butterfly effect" that is said to prove this assertion. But when it comes to estate planning and otherwise preparing for the latter portion of your life, there is a very direct connection between your own future and some of the decisions that are made by the politicians in Washington. With this in mind we would like to highlight the role of the "super-committee" that has been … [Read more...] about Are Medicare Cuts On The Way?
Retirement Age Not Set In Stone
We all hear people use the term "When I retire" as they think about the future, but it is important to understand the fact that retirement is not a given. It is not some sort of parallel universe that you simply walk into when you reach a certain age. "Retirement" is simply a word describing the act of discontinuing your working career. But there are no guarantees that you'll ever be financially capable of doing this. There was a poll conducted recently by … [Read more...] about Retirement Age Not Set In Stone
How Heavily Are You Counting On Social Security?
Social Security and retirement go hand-in-hand, but it may be a mistake to simply assume that your Social Security benefit is going to be enough to enable you to enjoy a comfortable retirement. You always hear retirement planning lawyers emphasize how important it is to set a course for the future and stick to it, but many people let it go in one ear and out the other. But when you analyze the facts you recognize why they give this advice. Social Security Administration statistics … [Read more...] about How Heavily Are You Counting On Social Security?
A Look At Supplemental Security Income
Elder law attorneys place an emphasis on all legal matters that impact senior citizens, and when you are planning for the future it is important to be aware of all of the resources that may be available to you. When you think about government programs for senior citizens the first thing that is going to come to mind is Social Security. In order to be able to collect Social Security benefits you must have contributed a sufficient amount into the system during the years that you were … [Read more...] about A Look At Supplemental Security Income
Retirement Planning For Veterans
Depending on your financial capabilities, if you want to be prepared when your retirement years arrive you may have to plan carefully in advance and stick to the plan over a period of decades. This may sound like a stern and dry proclamation, but it can actually be a lot of fun to envision what you want to do in the future and take incremental steps toward attaining that goal. Recognizing the fact that you are getting closer can be an uplifting, life-affirming feeling that reminds you of the … [Read more...] about Retirement Planning For Veterans
Do You Have A 401(k) Account?
Believe it or not, a significant portion of the people in America seem to think that retirement is an entitlement that just drops into your lap. To gain a proper understanding of the matter it is useful to look at the concept of retirement in a very basic, stripped-down manner. The word "retirement" describes the act of ending your working career. It doesn't imply any automatic influx of income that allows you to do so in financial comfort. If you plan on retiring when … [Read more...] about Do You Have A 401(k) Account?
Being Prepared Requires Comprehensive Planning
Planning for the future requires more than simply filling out a last will document or otherwise preparing for the eventual transfer of your assets to your loved ones. There are a lot of things to consider with regard to the eventualities of aging, and if you want to be comprehensively prepared you have to cover all of your bases and develop a holistic plan. Everything is connected, and this is a good thing to keep in mind as you go about the process of long-term planning. When you … [Read more...] about Being Prepared Requires Comprehensive Planning
Retirement Planning Is Often Overlooked
There is a certain percentage of population that goes through life under the impression that "things will just take care of themselves." This may or may not be the case in certain instances, but when it comes to retirement planning thinking like this can get you into a great deal of difficulty. The fact is that a lot of people who are nearing retirement age and many who are already there are totally unprepared. A recent Harris poll indicates that 25% of baby boomers have no … [Read more...] about Retirement Planning Is Often Overlooked
Poll Finds Public Opposes Social Security Cuts
One of the topics that has dominated the political dialogue over the last several months is the federal budget deficit. There has been talk of cuts to programs that retirees count on to one degree or another such as Social Security, Medicare, and Medicaid. Since the average monthly Social Security benefit in 2010 was $1,072 according to the Social Security Administration, you are clearly going to have to feather your own nest if you want to enjoy a comfortable retirement. Yet, when … [Read more...] about Poll Finds Public Opposes Social Security Cuts
