Tag Archives: Social Security

Why Inflation Is Your Enemy

Everyone knows about inflation, right?  It's causes the prices of things to go up over time.  When you're in your working and saving years, this isn't a huge deal and isn't always very noticeable.  Why is that?  Because while you're working, your pay is most likely going up every year, often at a rate greater…
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What You Should Know Before Collecting Social Security

This was a great post on Yahoo! Finance today by Alyssa Pry. Are you getting close to retirement and itching to take your Social Security benefits? You may want to wait. The bottom line is: waiting longer to start drawing your benefits pays. And it seems more people are clued into this fact. According to…
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More Tax Breaks For People Over 50

This article came from US News & World Report... After age 50, and especially at age 65, you can qualify for extra tax breaks. Older people get a bigger standard deduction, and they can earn more before they have to file a tax return at all. Workers over 50 can also defer or avoid taxes on…
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401K Contribution Limit For 2013

Get ready to save some more money!  For the second year in a row, the IRS has increased the 401K contribution limit by $500.  In 2013 the 401K contribution limit will be $17,500, pre-tax.  For 2012 the limit was $17,000, pre-tax.  Of course, your 401K contributions come out of your paycheck before you have taxes taken out.  This…
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Inflation: A Retirees Biggest Enemy

Most people don't think of inflation as being their biggest enemy.  But reality shows that especially for retirees, rising costs of living can be the most devestating thing there is.  In 1981, a gallon of gas cost $1.35, about a third of what it costs today.  And the cost of an average home at that…
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Social Security Update

Here is a great Social Security update article from Marketwatch, posted today. As summer reads go, it might not prove to be as interesting as "A Dance with Dragons" or "ESPN: Those Guys Have All the Fun." But for gurus and nerds (like me), it's pretty darn close.  Yes, retirement-focused (some might say retirement-obsessed) folks…
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