Retirement

2019 Status of the Social Security and Medicare Programs

Past In April of 1935, politicians passed the Social Security Act through the U.S. House and in June through the Senate; it was signed into law by President Roosevelt on August 14, 1935. [1] Ida May Fuller became the first beneficiary of recurring monthly retirement payments on January 31, 1940, with a check for $22.54. …

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In the News

Half of Non-Homeowners Expect to Buy Homes in Five Years(Gallup) Highlights: 49% of non-homeowners expect to buy a home in the next five years; An additional 20% expect to buy a home in the next 10 years; One in five homeowners plan to sell in the next five years. US Consumer Spending Up in April,…

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Live like no one else

Dave Ramsey said, “Live like no one else so later you can live and give like no one else.” A man who was a great inspiration to me was a college professor who saved 50% of his income since he first began teaching in the 1970s. Yes, over the years his income finally grew to…

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HR People, Credit Counselors, and Bankruptcy Attorneys – Am I Correct about Emergency 401(k) Withdrawals?

One of my (many) favorite quotes is, “Learn from the mistakes of others. You can’t live long enough to make them all yourself.” [1] . Over the decades I’ve certainly made my share of mistakes!  But during five years as a community college personal finance instructor, and as counselor with several thousand in-person sessions under…

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