Social Security was established in 1935, due to so many elderly people going hungry during the Great Depression. President Roosevelt felt people were losing hope. The Welfare Department was established and Social Security began. In the past, FICA tax paid into the...
Most employees do not know what their Social Security benefits will be. They don’t know what their 401(k) will provide for them at retirement, nor when they will be out of debt. Few employers provide disability insurance if you get hurt or sick, so what will happen...
If the Trump administration ends up getting taxes lowered, consider converting all IRA and 401(k) savings over to a Roth IRA. The tax hit today will allow all future growth to be taken out as tax free! Here are two observations about this advice: First, when you...
One of the secrets to living a long and happy life is to save 10 percent of your income for the rest of your life. If a person can save 10 percent of their income when they are a teenager, they are smart. If a person can save 10 percent while going to college and...
As you can well imagine, the idea of “retirement” did not exist in Roman times, nor medieval times, and certainly not when Pilgrims discovered America. What about during the days of Lewis & Clark? Or when the wild West was being settled? History teaches...
According to the Social Security Administration, 41 percent of all workers are required to retire earlier than planned due to a personal health problem — that’s four out of every 10 Americans. And the National Council on Aging has stated that about 91...
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