Social Security Insurance

Social Security Insurance is a program that offers benefits to many Americans. By financially contributing to the structure throughout your career, you can receive benefits such as disability, retirement or death. Old-Age and Survivors Insurance and Disability Insurance or OASDI is the framework of the Social Security Insurance. Millions of people are part of this system including old retirees together with their dependents, disabled employees as well as survivors of deceased workers. Millions o...
Read More

Living Off Your Investments

When you're in the middle of a project, it's sometimes hard to imagine the final result. But, that stash of cash in your 401(k) will someday be your income, and you'll be taking money out of it rather than putting money in it. The strategies for investing while you're taking withdrawals are significantly different from the strategies for investing while you're still saving. Funds that guard against big losses in a bear market, for instance, might be better than those that post big gains in...
Read More

Can I rollover my 401k while still employed?

In recent conversations, the question has come up as to whether you call rollover your 401k to a traditional IRA while still employed at the sponsoring employer. There seems to be some confusion about this and rumors of new laws that allow it. The short answer to the question is, no. By law, you can not withdraw 401k contributions, that is, pre-tax salary deferrals, before severance, plan termination, turning 59 1/2, death, disability or hardship (and you can't roll over hardship withdrawals). ...
Read More

The Top Faulty Retirement Assumptions

Many people who've never done any formal financial planning believe they've taken the right steps to put them on a steady path to retirement. But when that time comes, they are often shocked to learn the lifestyle of tennis and travel they envisioned will have to be drastically scaled back. The following are faulty assumptions many people make that undermine retirement plans and prevent them from retiring when they want with the lifestyle they want. (more…)
Read More

Top Myths of Social Security

Social Security is a real problem and we need to fix it and that involves pain" says Jeffrey Brown. Brown, an assistant professor of finance at the University of Illinois College of Commerce and Business Administration, says Republicans and Democrats are both guilty of exaggeration when debating Social Security reform and American citizens are and will pay the price for the myth building. (more…)
Read More