News Blog


GRA has compiled a news feed to keep you up-to-date on

the latest financial and retirement news that could affect your wallet

See the latest headlines below.

It’s Not Too Late to Make These 3 Retirement Moves

By GRA News Blog | September 21, 2021
couple at computer

It’s Not Too Late to Make These 3 Retirement Moves If you wish you’d started saving for retirement earlier, you’re in good company. But don’t be discouraged. Start from where you are right now, and craft a plan to set yourself up for a comfortable future. To get you started, here are three things you…

Opinion: 5 things everyone should know about Social Security

By GRA News Blog | September 20, 2021
old school

Why aren’t more people talking about how to save America’s retirement plan? Hey — did you know…? You’d think the looming crisis in America’s main retirement plan would be a bigger topic of discussion. The Social Security trustees, after all, just said the plan is now $20 trillion in the hole and will run out…

What is the rule of 55 and how does it work?

By GRA News Blog | September 17, 2021
business man thinking

Taking a distribution from a tax qualified retirement plan, such as a 401(k), prior to age 59 ½ is generally subject to a 10 percent early withdrawal tax penalty. However, the IRS rule of 55 may allow you to receive a distribution after attaining age 55 (and before age 59 ½) without triggering the early penalty…

Opinion: Large Social Security COLA increase may spark a debate about the appropriate index

By GRA News Blog | September 15, 2021
woman picking groceries

Shifting to CPI-E would involve a lot of pain for not much gain This fall, Social Security is likely to announce a 6% cost-of-living adjustment (COLA) for 2022. Such a large COLA — the biggest in 40 years (see Figure 1 below) — is likely to reignite the debate over whether the government is using…

Wednesday Q&A How do I create more sources of income in retirement?

By GRA News Blog | September 15, 2021

How do I create more sources of income in retirement? On this episode of the Ask Gregory Podcast, find out how you can create more sources of income in retirement. Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here to Help Have…

Wednesday Q&A What are the tax implications when selling a second home?

By GRA News Blog | September 8, 2021

What are the tax implications when selling a second home? On this episode of the Ask Gregory Podcast, Gregory explains whether or not there are tax implications when selling a second home. Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here to…

Wednesday Q&A How does Social Security view an annulled marriage?

By GRA News Blog | September 1, 2021

How does Social Security view an annulled marriage? On this episode of the Ask Gregory Podcast, Gregory helps a caller understand how Social Security views a marriage that has been annulled. Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here to Help Have…

How Couples Can Boost Their Overall Social Security Benefits

By GRA News Blog | August 27, 2021
couple with pillow over ears

Let’s say you’re married and your spouse is younger than you are. When’s the best time to file for and receive the highest-possible benefits? The quick answer: It depends. One easy way to max out benefits is for the higher-earning spouse to wait as long as possible to claim. You can file as early as…

13 Tax Breaks for Homeowners and Home Buyers

By GRA News Blog | August 26, 2021
homeowners

Owning (or buying) a home is expensive. But at least there are some tax deductions, credits, and exclusions that can help you recoup some of those costs. Owning a home is part of the American Dream. Whether you fancy a log cabin in the middle of nowhere, a suburban Cape Cod with a white picket…

Social Security cost of living adjustment could be largest in nearly 4 decades

By GRA News Blog | August 25, 2021
stock market chart

2022 COLA could be highest paid since 1983 Social Security beneficiaries might be in for the highest cost of living adjustment (COLA) in nearly four decades, according to new projections. The latest estimate from nonpartisan senior advocacy group the Senior Citizens League puts the 2022 COLA, which will be announced in October, around 6.2%. “The estimate…

Wednesday Q&A How do I handle a check sent out for my Old 401K?

By GRA News Blog | August 25, 2021

How do I handle a check sent out for my Old 401K? In this episode, Gregory helps a caller understand what to do with a 401(k) payout check he received from a past employer. Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here to…

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