Category Archives: Uncategorized

Beware of scam targeting Social Security beneficiaries

Beware of scam targeting Social Security beneficiaries

  The Social Security Administration is warning all Social Security recipients to keep on the look-out for fraudulent callers impersonating Social Security Administration employees. Acting Inspector General of Social Security, Gale Stallworth Stone, issued an official fraud advisory yesterday warning anyone who receives a phone call from an SSA “employee” asking for personal information to… Continue Reading

A quick guide to consumer price indexes

A quick guide to consumer price indexes

What is a consumer price index? The U.S. Bureau of Labor and Statistics (BLS) determines Social Security cost-of-living adjustments (COLAs) each year using establishedconsumer price indexes (CPIs). CPIs are systems by which our government can measure price changes in several different spending areas for a particular demographic or for American consumers in general. Together, these… Continue Reading

Retirement income and expenses: are our benefits and savings enough?

Retirement income and expenses: are our benefits and savings enough?

Income The Pension Rights Center reports in 2014/2015 retirees received income from five primary sources. Percentages are based on retired couples age 65 and older: Social Security:  84% Assets:  62% Pensions:  37% Earnings:  29% Public assistance:  4% According to NewRetirement, average and median income in these areas for a retired couple 65 and older looks… Continue Reading