My Retirement Blog

My Retirement Blog

  • New Debt Proposal Would Cut Social Security and Medicare

    A new debt proposal from a fiscal commission appointed by President Barack Obama is proposing deep cuts in federal spending including Social Security and Medicare. The proposal also suggests significantly reducing income tax rates and eliminating practically all tax breaks such as the mortgage interest deduction. The plan also calls for raising the Social Security…

  • America’s Most Livable Places to Retire

    You’ve worked so hard to get to this point; you don’t want to spend your Golden Years rusting away in a city that’s not a good fit. You don’t ask for much: affordable housing, social and recreational opportunities, continuing education, quality health care options and a climate that suits you. The editors at Livability.com have…

  • The Unretirement Index

    Sun Life Financial Inc. recently released in the United States the latest edition of its UnretirementSM Index, which reveals that more than 8 in 10 American workers believe they will need at least three years to rebuild their retirement savings as a result of the economic crisis — up from 64% a year ago. In…

  • No Social Security COLA Increase in 2011

    According to several news sources it appears unlikely that there will be a cost of living adjustment (COLA) increase for Social Security in 2011. This would be the second year in a row without an increase. The COLAs are set automatically according to the Consumer Price Index for Urban Wage Earners and Clerical Workers. This…

  • Retire in Panama

    Panama is currently a popular destination for retirees looking to stretch their dollars and avoid cold winters. Some of the benefits of retiring in Panama include: No income tax on capital derived from offshore sources. Unlike Costa Rica, Panama has realistic requirements for retirees. Panama also has the best infrastructure in all of Central America.…

  • Lending Club Self-Directed IRA

    Lending Club offers a self-directed no-fee IRA. This will allow you to invest your IRA money in any investment that is approved by the U.S. government to be held in an IRA. They would probably prefer you to invest in Lending Club notes, which have average 9.6% returns, but you have the option of investing…

  • Retirement Post Roundup

    Here are some articles relating to retirement that I have read recently and thought were worth sharing. Secrets to maximizing Social Security at Yahoo Finance. When is the right time to apply for Social Security at The Sun’s Financial Diary. Tax efficient investing for retirement at The Digerati Life. 10 ways to boost your retirement…

  • ING Retirement Calculator

    ING has been advertising their retirement calculator a lot lately so I thought I would give it a try. The calculator is pretty simple. It just asks six questions: How old are you? Are you married? What’s your current household income? At what age do you plan to retire? How much annual income will you…

  • Can You Collect Unemployment and Social Security?

    Can you collect unemployment and Social Security? You can but some states have offset laws that could reduce or eliminate your unemployment benefits.

Got any book recommendations?

Get In Touch