It’s called a “My Social Security” account. It’s often thought of as something for people getting Social Security benefits. In reality, there are positives for anyone who’s working and paying Social Security taxes.
Protect Your Social Security from Identity Thieves
Once you set up a “My Social Security” account, you’re protected....
I can, I will, I can’t, I won’t. Those are all responses we’ve heard in the past two years about deciding to retire. The response you give or the response you get is directly related to the U.S. economy.
Before COVID, American workers age 55 and above were retiring at...
Social Security is usually thought of in terms of an individual’s retirement benefit. But it’s equally important to understand the benefits of Social Security for married couples. Whether you’re a Baby Boomer spouse with limited work history because you stayed home to raise the kids, or a married couple...
So, you’re almost eligible for Medicare. For many who have struggled with health insurance since Congress passed Obamacare in 2010, going on Medicare is a step up from the expensive, high deductible, limited option plans available to them. But Medicare can be problematic too if you don’t know what...
Social Security is one of the most recognizable names around. And it should be. After all, it began in 1935. So, you’d think after 87 years Americans would have a really good understanding of what Social Security is and how it works. The 2022 Social Security Survey conducted by...
Not long ago, I wrote about those ubiquitous Part C Medicare Advantage TV ads that show up faster than a telemarketer can dial the phone. Well, the federal government has gotten so many complaints about MA ads that the rules governing them change beginning January 1, 2023.
The Senate Finance...
Does this sound familiar?
“Hi, I’m (Joe Namath, Jimmie Walker, George Foreman, William Shatner—pick your favorite celebrity.) Check your eligibility for a zero premium Medicare Advantage plan that includes rides to medical appointments, home-delivered meals, and money added back to your social security check every single month, plus extra benefits...
Well, add one more item to the long list of inflation victims. Joining food and gas and about everything else in life is—retirement savings. A high percentage of Americans say staggering inflation has forced them to reduce or stop saving for retirement, and millennials lead the pack.
The information is...
Worried about saving enough for retirement? You can put away more next year. The IRS has just announced the new retirement plan contribution limits for 2023.
The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan increases to $22,500, up...
Not long ago I told you about a new trend among recent retirees; they are un-retiring. According to the Bureau of Labor Statistics, the number of retirees in the U.S. jumped from 28.3 million in February 2020 to 31.6 million in October 2021.
But record-high inflation changed the hopes and...