For months we’ve heard stories about record-high inflation not seen in the United States in more than 40 years. There’s been a plethora of reports about skyrocketing grocery prices, fuel prices, food shortages, and the doubling of power and utility bills. People talk constantly about the way inflation is...
The clock is ticking and it gets louder the closer you get to the magic age of 65. That’s when you sign up for Medicare. But there’s more than one way to receive Medicare coverage.
There are Medicare Advantage plans, sometimes referred to as all-in-one plans, because they provide medical...
Ouch! The worst inflation in more than 40 years is inflicting pain on virtually every American, effecting their families, their budgets and their decisions.
The U.S. Department of Agriculture says inflation at the grocery store is 10.4% from June 2021 to June 2022. 41% of shoppers are now buying store...
You’re planning for retirement. You’ve got visions of what you want it to be—the traveling you’ll do, taking up a hobby you’ve never had time for, volunteering with a charity that’s dear to your heart. You’ve got a comprehensive plan that accounts for retirement income, taxes, and even things...
What a crazy housing market! Skyrocketing prices, no haggling on the asking price, and bidding wars that create offers way above the asking price. It’s almost become a national pastime waiting for the monthly Zillow estimate to arrive to see what your home is worth now. Yes, if you’re...
Looking into a crystal ball and prognosticating the future is always a risky endeavor, but when it comes to Social Security and the year 2023 there are 4 things that have a high probability of happening.
Cost of Living Increase
In 2022, Social Security recipients received a 5.9% cost-of-living adjustment (COLA)....
Health Savings Accounts (HSA) for retired folks. Isn’t that a novel idea? But it’s being considered in Congress—The Health Savings for Seniors Act, H.R. 3796.
As it stands right now, the only people eligible for an HSA are those aged 65 years and younger who have a high-deductible health insurance...
In 2022, Social Security recipients got a 5.9% cost-of-living adjustment (COLA). That was the largest increase in 40 years. The COLA coming in 2023 may be even bigger.
Social Security calculates cost-of-living increases based on changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from...