Social Security is the common name for the United States federal government’s Old-Age, Survivors, and Disability Insurance (OASDI). The program guarantees the nation’s most vulnerable citizens can depend on a minimum sustenance and care support. Taxpayers fund Social Security through payroll taxes, self-employment contributions, and IRS investment of these funds into special government trusts. The Social Security Cost of Living Act (COLA) guarantees increases in benefits amounts to account for inflation but in recent years the official inflation rate has been low enough that they have not given Cost of Living increases. Americans become eligible to draw Social Security benefits when they reach age 62 but depending on the year you were born you may not get full benefits until you are 67 (or older). To ensure you will receive your full Social Security benefits when the time comes, you need to begin planning for your future now. The following measures can help you plan for and protect your benefits.
Archives for January 2017
Whether you are looking for your first job or a new career in 2017, you should consider the economy as part of your search. Today unemployment rates are low and many industries are still looking to hire. Several jobs require a college degree, but others do not. If you are on the hunt, you’ll need to know your area and the industries that are successful. You’ll also have to know yourself and what kind of job you might be suited for. Below are five of the best and fastest growing careers in 2017.
A recent survey conducted by the job site “Indeed” ranked the top five places to work in the energy industry. Indeed said that it ranked companies based on a number of factors but generally speaking, the better the site visitor ratings and reviews a company had, the higher it ranked on the “Best Places to Work” list.
While you may not look forward to going to work every morning, it does provide the income that you need to make the mortgage payment. However, if you are out of work, it doesn’t mean that you should immediately look to sell the family home. The best solution is to plan ahead and pay into an emergency fund which optimally should cover 6 months of living expenses. But what if you weren’t that farsighted? Here are some ways to manage the mortgage payment until you can get back to work:
In the current job marketplace, more people are being forced to consider relocating in order to either find the job of their dreams or even just to find any job at all. With every passing year, the idea of remaining with the same employer for decades has become more the exception and much less the rule. While moving on to greener pastures can be alluring, knowing when to make the leap is important.
The U.S. Bureau of Labor Statistics (BLS) announced on Friday January 6th, 2017 that the seasonally adjusted unemployment rate for December was 4.7% up from 4.6% in November. The unadjusted U-3 came in at 4.5% up from 4.4% in November. Gallup on the other hand says the unadjusted U-3 is 5.1% up from 4.9% in November.
Back in February of 2016 Fortune magazine published an article entitled “The U.S. Economy Is Finally at Full Employment” and then in May CNN-Money published an article entitled The U.S. is ‘basically at full employment’ quoting San Francisco Federal Reserve President John Williams as saying “We’re basically at full employment…that’s very good news.”
“We’re basically at full employment…that’s very good news.” San Francisco Federal Reserve President John Williams. So what is “Full-Employment” and are we really there? At first glance you might think that full employment should equal 0% and with the current unemployment rate hovering around 4.7% we obviously aren’t there. But…