The Social Security Act was enacted in 1935 as a means to provide a safety net for elderly, unemployed, and disadvantaged Americans. The Act was also to pay financial benefits to retirees over the age of 65, and the payout to be based on the amount contributed via payroll tax contributions. Since its inception, Social Security has been plagued by …
College or Retirement? How to Best Allocate Savings for those with Young Children
Summary: Every parent wants to provide the best for their children, and with college costs continuing to rise we do not want our children to be straddled by debt or even be hindered to attend the college of their choice due to financial constraints. This, along with the thinking that retirement is so far away, leads many to ponder if …