Tag: social security
It’s not how much you save, it’s how much you earn
So, you have saved for retirement with a 401 (k) or an IRA and have been putting money into Social Security at the maximum rate. You are fortunate enough not to have to work after retirement age and are pleased that you’ve been able to accumulate enough wealth so you can retire comfortably. But, the truth behind a successful retirement is not necessarily about how much wealth you have accumulated, but turning that wealth into generating income.
Options for paying for long-term health care
Long-term care riders are like health and car insurance, you want the protection just in case you need it, but hope never to use it. Social security and Medicare offer limited protection if you need long-term care recovering from an illness or an injury.
It’s never too late to plan for retirement
If you’re in your 50’s and haven’t yet started to plan for your retirement, do not panic. But do start to take action now. Even for late-starters with nothing put away, there are viable retirement options. Follow these steps to ensure that you still can live comfortably when retirement comes.
What to bring to meeting with financial advisor
The financial planning process is not merely a matter of numbers. When you meet with a financial advisor to map out a strategy for wealth accumulation or wealth preservation, you may find yourself intellectually and emotionally engaged on a level you hadn't anticipated. It may actually give you a better understanding of what you want from life.
Marty: CalPERS – summing it up
The public has little understanding of the complex CalPERS retirement system, yet it is one of local government’s largest expenses with annual estimated costs of more than $10 million a year, 30 percent of payroll, for Hollister and San Benito County combined. Some of the highest costs are side deals where public agencies pay all or a portion of the employees’ premiums. This problem belongs to local politicians who know it does not show up in the salary tables and therefore avoids public scrutiny. The upshot is that many members contribute little or nothing to their CalPERS retirement. CalPERS is really two systems, one for most “Miscellaneous Employees” and one for “Public Safety Employees.” Both offer a “full retirement” at a young average age, but at extremely different levels.
