Mar

26

Social Security and Medicare Woes

Posted by cameron

March 26, 2008 | Leave a Comment

We all know there are problems looming in both programs so yesterday’s annual press release, or announcement, concerning future shortfalls should come as no surprise. Treasury Secretary Henry Paulson basically stated that Social Security will only be able to pay 78% of benefits by the year 2041. Medicare comes sooner with a payout of 78% [...]

Mar

12

What About Our Children?

Posted by cameron

March 12, 2008 | Leave a Comment

As the oldest baby boomers approach retirement I see many different approaches, or attitudes, towards retirement, debt, social security etc. Some people will retire as soon as possible while others will never retire. For some it’s about grabbing a paycheck from Uncle Sam while carrying on working. Some will travel the world with their new [...]

Feb

10

www.NewRetirement.com — A Review

Posted by cameron

February 10, 2008 | 4 Comments

This is a sponsored review of a site dedicated to retirement planning for all categories in a comprehensive plan; it is aimed at both current seniors and those in the planning stages. That site is NewRetirement.com. The centerpiece of the site is a free retirement calculator. This is probably the fastest and easiest to use [...]

Jan

28

The Next President and Senior Citizens

Posted by cameron

January 28, 2008 | 1 Comment

Although not yet a “Senior”, like millions of others, I will become one during the next Presidency. There are many important issues but the fate of Medicare and Social Security will likely be managed by the next President. For this reason I pay particular attention to this topic. In previous posts I have mentioned that [...]

Jan

13

Free Retirement Information

Posted by cameron

January 13, 2008 | 3 Comments

Someone just referred me to a site I hadn’t heard of before; It is http://www.analyzenow.com/. No, I have no vested interest in the site. If you like free stuff you can find spreadsheets for pre and post retirement planning. There are tons of articles to work through and book recommendations. The site is run By [...]

Nov

19

Retiree drug costs

Posted by cameron

November 19, 2007 | 1 Comment

Medco recently released the results of a retiree survey into the impact of rising healthcare and prescription drug costs on their lives. I guess the results are similar to other surveys showing a lack of preparedness for retirement in general. It shouldn’t be a surprise that many are struggling since even working folks are feeling [...]

Nov

16

Pension Benefits for Women

Posted by maureen

November 16, 2007 | Leave a Comment

Despite the fact that most women contribute to the family income and have either 401K programs, pensions and social security benefits or a combination of all three, they often leave the financial decisions to their spouse. Many times a spouse will take action on his pension and, although current law requires spousal permission before [...]

Nov

12

Fidelity Income Replacement Funds

Posted by cameron

November 12, 2007 | Leave a Comment

Fidelity investments have just announced a new and interesting retirement investment vehicle for people that would like to have professionals handle things for them. It looks somewhat like a variable annuity in that you have to invest a certain amount to get a monthly payment, but there the similarity ends. With an annuity you basically [...]

Oct

13

Home Equity and Retirement

Posted by cameron

October 13, 2007 | 1 Comment

The concept of using home equity to fund retirement is not very popular with me. Many people seem to be banking on tapping into their home’s equity but I can’t help wondering what happens in the long run. I guess if you plan to pass away early then not much damage there. But if you [...]

Sep

24

Barack Obama On Social Security

Posted by cameron

September 24, 2007 | Leave a Comment

In previous posts I have complained that Presidential candidates are not speaking to me about concerns I have for the future of Social Security for my children and me. Today I will say that Barack Obama has become the first. In this past week Senator Obama announced a proposal on tax relief for retirees that [...]

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