Clarksville, TN – The word “entitlement” means, in the legal sense, “a guarantee of access to benefits because of rights or by agreement through law.” The Social Security Act was signed into law under President Franklin Delano Roosevelt in 1935. Originally established as a safeguard after the Great Depression, Social Security is currently estimated to keep roughly 40% of all Americans age 65 or older out of poverty.
After some changes in the original law, Social Security now covers benefits for retirement, disability, survivorship, and death, which are the four main benefits provided by traditional private-sector pension plans. «Read the rest of this article»
You may be able to get closer to reaching your goals with some small changes and tough choices
Clarksville, TN – If you’re concerned that you haven’t put enough away to retire, you have plenty of company – about one in four Americans feel the same way.1
The good news? You may be able to catch up – if you’re willing to be realistic and take steps to get on track, such as changing your current lifestyle (so you can save more) and your anticipated retirement lifestyle (so you will spend less).
Consider these ideas to help you make the most of your benefits
Clarksville, TN – Alongside other sources of income, Social Security can be a critical component of your total retirement resources, so it’s important to consider ways to optimize the value it can bring.
After all, these payments account for up to 40% of most retirees’ income, according to the Social Security Administration (SSA), with savings, pensions and retirement accounts making up the rest. Here are a few things you (and your spouse if you’re married) should think about as you get ready to retire.
Flexibility, Resourcefulness are Crucial as Old Rules are Upended
Clarksville, TN – The old paradigm that saw young people leave the nest, get some education, marry, raise a family, pursue a career and then retire – in roughly that order – has been tossed out the window.
Today, college students start companies in their dorm rooms, late-life marriages bring two sets of kids together, and retirement may not be an option or even a desired goal for some folks.
How Three Simple Questions Can Lead To A Happier Retirement
Clarksville, TN – There’s a shift happening when it comes to thinking about – and planning for – retirement. Today’s retirement is bigger, broader and longer than at any other time in history.
You’ve likely spent time thinking about the fun stuff you’d like to do when you first retire, but probably haven’t delved into the details of daily living as you age.
Things like going to a friend’s house for a dinner party and picking up a bottle of wine beforehand or perhaps, choosing just the right birthday card for your niece and sending it on time.
Tennessee Department of Commerce and Insurance gives answers to the question, “Is an Annuity Right For You?”
Commissioner McPeak Offers Investment Insight for Tennesseans
Nashville, TN – Tennessee Department of Commerce and Insurance Commissioner Julie Mix McPeak is offering Tennesseans insight regarding annuities. Annuities can provide a steady income after retirement and can be beneficial, but they can also be confusing.
If you are thinking about buying an annuity, the Tennessee Department of Commerce and Insurance (TDCI) and the National Association of Insurance Commissioners (NAIC) offers the following comprehensive guide to help determine if an annuity is right for you. «Read the rest of this article»
Clarksville, TN – On Friday, April 18th, the Clarksville Police Department hosted a retirement and promotion ceremony. Chief Al Ansley presented Sergeant David Jones with a Certificate of Retirement and Sergeants Vanatta and Skinner with Promotion Certificates.
Congratulations to Sergeant David Jones on his retirement. He served faithfully and honorably for 16 years at the Clarksville Police Department. Sgt. Jones’ experience and professionalism will be missed. Also, congratulations to Detective Nathan Vanatta and Officer Beau Skinner on their promotions to the rank of Sergeant.
Clarksville, TN – Austin Peay State University will be “retiring” Governors Stadium, or at least as it is currently configured, at 2013 season’s conclusion when the wrecking balls begin collapsing the home side of the 67-year-old facility to make way for a new construction, including suites, for the 2014 season.
To celebrate such retirement, Austin Peay’s athletics department will honor the venerable facility by naming an All-Time Governors Stadium team.
Blunders include Not Updating Wills and Beneficiaries, Messing up 401(k)s
Yonkers, NY – A widowed mother of two nearly lost out on $100,000 because her husband failed to update the beneficiary designations on his retirement plan after they married.
Not updating wills and beneficiaries is one of the “7 money stumbles to avoid” featured in the February issue of Consumer Reports. «Read the rest of this article»
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