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...
I remember years ago at a previous employer, several of us left for new jobs within a few weeks of each other. On a whiteboard, we drew a picture of a sinking ship in the ocean and a rat swimming to an island in the distance. Every time someone...
Alhambra's Bob Williams highlights pitfalls to watch out for when signing up for Social Security.
As expected, the Social Security Administration has announced that the 2023 Cost of Living Adjustment (COLA) will be the largest COLA in 42 years, brought on by rampant inflation not seen in more than four decades.
Social Security benefits increase automatically if the Consumer Price Index (CPI-W) which measures price...
Not long ago, my brother-in-law told his doctor that one of his medicines didn’t seem to be working as well as it had in the past. The doctor prescribed something new. The old medication cost about $20. The new prescription was $232. My brother-in-law had to pay the entire...
In a world where the price of everything is going up, Medicare recipients get a price cut beginning January 1, 2023. The Centers for Medicare and Medicaid Services (CMS) just announced that the monthly premium for Medicare Part B, which covers doctor visits, diagnostic tests, and other outpatient services,...
You’re thinking about retirement. In fact, you’ve been thinking about it and planning for it a long time. One of the questions you have to answer is how much will it cost, not just to live, but to live the retirement lifestyle you’ve dreamed about.
If you’re looking for the...
If you claim Social Security benefits early, don't expect to get a raise when you reach full retirement age. Alhambra's Bob Williams dispels the myth.
For approximately half of retirees, their Social Security check is just like the paycheck they received when working—they don’t get to keep all of it because it gets taxed by the IRS.
If you’re single and your income is between $25,000-$34,000 you pay taxes on 50% of your benefit; above...
There’s been much debate about the Inflation Reduction Act President Biden signed into law on August 16, 2022. No matter what your political persuasion is or whether you consider the contents of the Act to be good, bad, or ugly, it does contain provisions that will improve Medicare Part...