10 Retirement Issues That Are Here to Stay

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REALLY WIERD ADS

idonthaveone of CO 6:02PM September 23, 2012

While it is still fresh on our minds, our recent governments efforts at arriving at a compromise on national debt limits and future budget cuts underscore uncertainty on what the future will unveil for Americans. Consequently, banks and credit unions should immediately increase interest rates as an incentive to trigger increased individual savings - "save, save, save" is the message I hear lately. The formula is a win-win situation; banks acquire additional capital to operate and individuals will be able to better cope with inflationary effects and ever increasing consumer costs. Having said that, I would recomment that the upcoming 'Super Congress' group of 12 will carefully factor the importance of interests levels into their deliberation for recommendations to the President and Congress. Americans, like our government, should be able to acquire a "AAA interest rating" on their efforts to ensure and support America's future.

John A. Allred of MS 3:07PM August 05, 2011

Washington needs to leave OUR SOCIAL SECURITY program just for the SENIORS and quit paying other debts our of it. We have not gotten a cost of living increase since Obama took office BUT OUR MEDICAL BILLS INCREASED AND OUR PRESCRIPTIONS INCREASD AS WELL AS DID JUST BASIC LIVING SUCH AS GROCERIES AND ENERGY AND WATER AND ETC.
WE PAID THESE TAXES WHILE WORKING OR A MAJORITY OF U7S DID.
WHAT DO WE DO NOW???????

Linda Sue Adams of LA 11:31AM July 28, 2011

There are several factors to consider delaying the receipt of Social Security benefits past the age of eligibility that is currently 62:
(1) Will you be able to actually continue working at your current income?
(2) Will you be cashing in other retirement income options, such as savings, IRAs, or 401-k plans because you are not receiving Social Security?
(3) Do you have health concerns that limit the ability to work or affect your life span?
(4) Are you taking serious measures to reduce your cost of living, including utilities, mobile phone costs, dining and traveling, housing expenses, retirement location, etc.?
(5) Do you really want to give the poachers (in the Republican Party) more time to apply means testing or extending the age of Social Security benefits before you receive Social Security retirement benefits.

ThoseWhoServe of FL 1:34PM May 18, 2011

The best answer is to look at it based on your own situation. It may not be best for everyone. Do an analysis of the payments over time and it takes 12-14 years to recoup the difference. By then your age has increased by 12-14 years (that would be past 66) and your life expectancy is shorter. May not be a win for you.

Bob of OR 10:16AM May 10, 2011

The best answer is to look at it based on your own situation. It may not be best for everyone. Do an analysis of the payments over time and it takes 12-14 years to recoup the difference. By then your age has increased by 12-14 years (that would be past 66) and your life expectancy is shorter. May not be a win for you.

Bob of OR 10:14AM May 10, 2011

Amazing how banks charge for things that was supposed to make banking more profitable. ATMs for example! They were used to replace workers - a savings for the banking industry. Then the banks realized that they could charge fees and made more money.
Next they got into credit cards - and higher interest rates. Now they cry because they abused the system, made money, and want to make more.
Lastly, they took a bailout from the American people, raised their CEOs payments and other people's bonuses, take your savings money and invest it - and return you nothing on your savings account.
This is why I pulled my money from a "too big to fail bank" and took it to a credit union.

Art of IA 7:23AM May 10, 2011

I love how writers keep saying Soc Sec will last until 2037. SURE, so long as it cashes the funny money IOU's for the "surplus" Soc Sec $ Congress already blew and replaced with "special" Treasury Bonds. That is debt. How to you pay govt debt? You tax earners. So those earners are not only paying Soc Sec $ on a pay as you go basis, but retiring govt debt - the special Treasury Bonds - to fund Soc Sec payments. In a strict business sense, Soc Sec is "solvent" while it lives on debt (an asset). Try living on debt you owe yourself and tell the bank you are solvent. To a normal taxpayer, Soc Sec is running in the red without any assets except what it can expect to haul in from earners at any one moment in time - a.k.a BANKRUPT

Fred Larson of IL 4:32PM May 09, 2011