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The future of social security

Do not miss it today, Thursday July 2 at 9pm on HITN! A large number of Latinos admit not to know anything about retirement saving plans, and most of them expect to retire solely on the social security funds. But will this money be enough? Whats more, will it even exist?
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What You Really Need To Retire

What You Really Need To Retire

Article by Kalinda Stevenson

Copyright 2006 Debt or Alive, Inc

After reading many articles about retirement, I have come to the conclusion that most of the financial advice addressed to consumers is bad advice. From the perspective of conventional wisdom, the advice makes sense. The problem is that conventional wisdom is not very wise because it is based on a limited understanding of money.

Diversify Your Retirement Income

Diversify Your Retirement Income

Article by Brad Kemper

Diversification, it’s not just for income any more. Let’s talk aboutthe importance of not putting all of your retirement funds into onesolution. Maybe you work for a company that offers a defined benefitpension plan. Defined benefit plans are really on the way out. Companies such as Boeing, GM, and Ford have such huge pension planobligations that they can no longer continue to fund them.

United Airlines declared bankruptcy and got out from under theirhuge pension plan obligations. As a result, retired employees sawtheir monthly benefit drop by about 50%.

Military Loans: Fiscal Support for the Military People

Military Loans: Fiscal Support for the Military People

Article by Addy Roy

People in large numbers are in the military services. They have been posted in different areas. Many of them have already retired from their services. Military loans have been introduced to help them. These men require financial support. They have sons and daughters and they are to spend for their education. Many of these people have homes. Sometimes, they need finance for renovation of their homes. They need fiscal support for medical treatment and even for repairing their vehicles. There are several lending agencies in the financial market which have been ready with different schemes of military loans. The military personnel, regular or retired, can secure military loans at lower rates of interest.

Is Social Security Secure?

Is Social Security Secure?

Article by Roger Beattie

Even though politicians love to scare you into voting for them or their party by claiming that the Social Security system is bankrupt, and that only they (or their party) can solve the problem. That is simply not true. Here are the facts.

At current levels, funds from current worker’s payroll taxes will cover all retiree’s payments until 2016 or 2017, even if no changes are made. After 2017, The Social Security Administration can fund full benefits until 2037 by cashing in Treasure Bonds currently held in the Social Security Trust fund. If and when the bonds run out, ongoing contributions will still fund approximately 75 to 80 percent of Social Security payments to retirees for many decades.