Introduction Beyond the health impact, COVID-19 has created unprecedented economic uncertainty. The pandemic has roiled the economy and devastated Americans’ savings and wallets. And it appears there is no end in sight. Amidst the current surge in COVID-19 cases across the country, states have revived restrictions and stay-at home directives. With the unemployment rate remaining above 10%, the rise […]
Digital attacks are at an all time high, especially due to the uncertainty today caused by the coronavirus and now the protests across the nation. From social security scams to data breaches, our personal information is becoming more vulnerable than ever. With the looming economic uncertainty, hackers are increasingly predatory and looking to take advantage […]
Cyber attacks have been on the rise with the looming uncertainty surrounding the coronavirus pandemic. That means our personal information is now more at-risk than ever. Predatory hackers seek to take advantage of vulnerable groups, including soon-to-be retirees and seniors citizens, by exploiting confusion, uncertainty, and anxiety. One of our users, who we will call […]
Whether you’ll rely primarily on Social Security benefits in retirement, or instead view benefits as a supplement to your retirement savings, understanding your eligibility and how to optimize the amount you receive is important. Here, we’ve listed 15 of the most important things you’ll need to know to do just that. 1. There are three […]
The COVID-19 pandemic has deeply impacted the global economy, and it’s being felt on a very personal level by millions who’ve lost their jobs, their businesses and their savings. But people at or near retirement age may be hit especially hard. If you are in this group — and especially if you’ve been recently laid […]
Back in 2002, the Social Security Administration noted that, unless there was significant reform, the Social Security system would become insolvent by around 2041. In order to make up the shortfall, the government would either need to cut Social Security benefits by more than 25% or increase Social Security payroll taxes to more than 18%. […]
Most of us don’t really know what our Social Security number means. Why is one person’s number so very different from someone who was born in the same hospital a few years later? Do they recycle Social Security numbers? What do those three sequences represent? And what is a Social Security number? According to the […]
Choosing where to live in retirement can be tough. How’s the health care system? Is it close enough to friends and family for regular visits? Is the weather nice? Are there lots of social activities for older residents? These questions barely scratch the surface of the things to consider — it can be a lengthy […]
If you’re looking at living as frugally as possible in your retirement, you may be considering moving to a state where the cost of living is more affordable. In the United States, the average retiree needs about $904,000 to cover their living expenses in retirement. Some states, like Hawaii, can cost twice that amount, but […]
Introduction Americans have always struggled to save. Many live paycheck to paycheck, on the very edge of financial security. Historically, that savings shortfall has been all the more dramatic when it comes to saving for retirement. But with the coronavirus pandemic and the havoc it has wrought on the economy, that retirement savings gap may worsen. […]