Subscribe to Money Morning get daily headlines subscribe now! Money Morning Private Briefing today's private briefing

Retirement Article


How Social Security Started

It's important to understand how Social Security started. To date, Social Security is one of the biggest welfare programs we have.

Although it's over 80 years old, Social Security's purpose hasn't changed over the years. But it's future may be threatened.

And to understand why, all you have to do is look to the past...


Former Reagan Advisor: Congress Just "Hatcheted" Your Social Security Benefits

While it went virtually unnoticed, Section 831 of the House's new budget bill could radically change your Social Security benefits.

This change will affect the benefits that as many as 21.3 million Americans could be eligible for, instantly.

According to Larry Kotlikoff, former member of President Reagan's Council of Economic Advisors, "No retiree will ever again be able to feel their Social Security benefits are safe from some backroom, midnight, rushed change in rules that are designed to meet some budget target or accommodate some politician's whims."

There have been no public hearings and no public debate. And these changes will come to bear starting in less than two months -- on May 1...


The Danger of Filing for Social Security Benefits in Person

Filing for Social Security benefits in person can be dangerous.

And not everyone is aware of the peril this filing choice poses.

Here's how retirees are suffering from a lifetime's worth of lower monthly payments all because of one simple mistake...


Social Security Benefits: You're Being Cheated, But No Longer Have to Be

Americans spend their entire working lives paying for their Social Security benefits, and for decades it was a pretty good deal.

But that's changed, and it's getting worse every year. These days, many new retirees are paying more into the system in the form of taxes than they will get out of it in benefits.

While that's frustrating, there is a way for retirees to "even the score"...


Congress Robs Married Retirees of $60,000 in Social Security Benefits

Several key Social Security benefits are about to be nixed from the books. Congress claims it's simply trying to close "unintended loopholes."

But one such provision being cut grants some folks up to $60,000 extra a year.

And there are several other lucrative benefits on their deathbeds too.

In fact, a lot of people stand to lose a lot of money if they don't pay attention to these fast-approaching reforms right now...


The 5 Most Common Medicare Mistakes You Can Avoid

The most common Medicare mistakes are easy to avoid if you know what to look for. And it's important that you do. Here's why:

Millions of Americans are currently enrolled in Medicare – and more than 10,000 new members sign up every day.

Unfortunately, many of them make costly, sometimes irreversible filing mistakes. Here's a short list of some of the most common blunders people make...


What Are the Different Retirement Accounts?

According to the Federal Reserve, the average American has less than $60,000 saved in their retirement accounts.

With so many Americans ill-prepared for retirement, one of the most common questions we're asked at Money Morning is "What are the different retirement accounts?"

Here's everything you need to know now...


One Investment Could Save Two Generations' Retirements

The goal of a comfortable retirement is getting more challenging by the day.

That's overwhelmingly thanks to the Fed's Zero Interest Rate Policy (ZIRP).

A recent poll reveals Generation Xers, the next wave of retirees to follow the Baby Boomers, expect to be a whole lot more self-sufficient.

With Social Security considered bankrupt by many accounts, it's little wonder.

That leaves investors increasingly reliant on themselves to build their own retirement nest eggs to generate income.

And this investment does the job - and more...

Investing Tips

The "Pension Squeeze" Has Arrived, but You Can Escape…

With mid-generation baby boomers just entering the retirement wave, their ability to stop working is a hot topic that's getting hotter. Study after study questions the ability of public and private pensions to meet the needs of retirees.

Financial repression through the Fed's Zero Interest Rate Policy (ZIRP) has compounded the problems of underfunded plans and retirement accounts.

And that's on top of publicly funded plans that already face massive shortfalls.

It's all pointing to one clear solution for hopeful retirees...

Your Money

Retirement Planning: How to Cope With "Boomerang Kids"

It's bad enough that freshly minted college graduates can't find jobs, but when that forces them back home to Mom and Dad, it can also have an impact on retirement planning.

What this means, Keith said, is that parents need to figure out a way to help out struggling offspring without completely derailing their retirement savings.

In this video, Keith explains why this is happening and how parents should handle it…

Read More…