According to reports, Social Security won’t increase and even could see a net decrease for 2010.  This may affect grandparents and those parenting parents.  Will this also affect those receiving Social Security for disabilities and as single parents?
This could be a challenge for those who are helping parents manage their money and for caregivers who take care of finances for Alzheimer’s parents, as I did for my mom.  If the Social Security check isn’t so large that goes to a nursing home or assisted living facility, will family have to make up the difference?  If the person is on supplemental …read more

This great post over at FemChat highlights the need for folks in their 20s and 30s to start saving for retirement.
Author Michelle Schafer says,
I don’t understand everything there is to know about investments, but I do know this: You need to start saving early and the longer you keep saving, the more money you’ll make over the long term. Maybe Social Security will be there for us (at least if IWPR where I work now, has anything to say about it) but Social Security was never meant to be a complete retirement package—it’s supposed to be combined with employer pensions …read more