Hey, what is there to know about Social Security? While you’re working taxes are taken out of your paycheck and when you retire Social Security pays you. How easy is that?   It’s true, taxes are taken out of your check. And it’s true Social Security pays you when you retire....
The crystal balls are coming out early this year as financial prognosticators make projections about Social Security payouts in 2021. Because of the COVID-19 pandemic and subsequent U.S. lockdown of both people and the economy, there is a growing belief that there will be little or no Social Security...
You’ve been planning for retirement for a long time. By your calculations, the money you’ve accumulated should be more than enough to live the retirement lifestyle you’ve dreamed about no matter how long you live. You’ve taken into account taxes, inflation, healthcare, and the cost of all the things...
It’s just human nature. When we buy something, we want to pay the lowest price and get the best deal. That same principle applies to America’s seniors when they turn 65 and have to choose a Medicare Part D Prescription drug plan. The problem, though, is that choosing the...
It’s not uncommon to see the flashing lights and hear the blaring siren of an ambulance rushing to someone’s aid or transporting them to the hospital for emergency treatment. And no matter whether the ambulance is operated by a private company or a government entity, they are an important...
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...
To claim, or not to claim! Okay, that’s a cheesy way to begin, but it points out a dilemma experienced by many older folks when they’re trying to decide the most beneficial time to claim their Social Security benefits. The fact is, Americans, collectively, lose trillions of dollars by taking Social Security at...
For years now, there’s been lots of talk about what happens if you claim Social Security benefits before full retirement age (FRA) or even waiting until the maximum age of 70. Claiming early means you’ll receive less money, permanently, than if you waited. In spite of the warnings, only...
It’s not often that politicians agree about anything, but in a rare vote in the U.S. House of Representatives, men and women, Republicans and Democrats, liberals and conservatives voted 414 to 5 in favor of the Secure Act 2.0, a series of changes to retirement savings plans. You can...
There’s an old country song that says, Everybody wants to go to heaven, but nobody wants to go now. Something similar can be said of retirement in America. Everybody wants to retire, they just can’t do it now. It’s not because they don’t want to. It’s because they can’t....