Social Security, Robo-Advisers & Misinformation

For decades, every presidential candidate has vowed to “fix” social security, yet it never happens. In the meantime, workers have money deducted from their paychecks and retirees get paid. Is the system really broken? In a word – YES! While the politicians fiddle, the system continues to deteriorate. The challenge becomes more difficult because there is so much misinformation about […]

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Can Americans Really Depend on Social Security?

In 1935 the government passed Social Security into law setting up a government managed retirement plan for the majority of US workers. To fund the plan, they passed the Federal Insurance Contribution Act (FICA). The law mandates that employers withhold a portion of the worker’s salary (contribution) and requires the employer to match the contribution. It was sold to the […]

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I don’t have time to plan – I’m too busy

I hung up the phone and shook my head. I have a good friend (I’ll call him Joe) who talks with me about his retirement fears. He’s in his peak earning and expense years with children getting ready for college. He’s diligent about making his 401 (k) contributions although he is not contributing the maximum. As always, I suggest he […]

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