Ten Ideas to Save the Economy #3: Expand Social Security

America is on the cusp of a retirement crisis. Millions of Americans are already in danger of not being able to maintain their standard of living in retirement, and the problem is getting worse. You hear a lot about how corporations are struggling to make good on their pension promises, and how Social Security won’t be there […]

As Cognition Slips, Financial Skills Are Often the First to Go

When Helen Clark brought her father-in-law, then 83, to the doctor last year, she knew his mind was slowing, but a mental status exam confirmed it. He knew the year, where he lived and the name of the president. But when the doctor asked him to count backward from 100, subtracting seven from each number […]

Valuing Social Security Benefits As An Asset On The Household Balance Sheet

As a guaranteed income stream that cannot otherwise be liquidated or reinvested, most retirees don’t think of their Social Security benefits as an asset. Nonetheless, its value actually can be calculated, given known payments and reasonable assumptions regarding interest/growth rates and life expectancy. – Kitches Read the full article here.