Tax Deduction and Medicare  — THE MOTLEY FOOL

In Maurie Backman’s article for The Motley Fool (www.fool.com) she writes that Medicare premiums for Part B, Part D, supplement premiums for added insurance, out-of-pocket costs (such as copayments, prescription expenses) are indeed tax-deductible.  However, you can only deduct expenses…

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It’s about Balancing Your Income, Savings, and Debt  — BLOOMBERG

Ben Steverman writing for BloombergBusinessweek appearing on the Bloomberg website (www.bloomberg.com) reviews the latest book from Thomas Anderson, “The Value of Debt in Building Wealth.”  Anderson, a former Morgan Stanley financial adviser who now heads a firm that markets educational materials…

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Comparison of benefits under Railroad Retirement and Social Security

(CHICAGO — Employers and employees covered by the Railroad Retirement Act pay higher retirement taxes than those covered by the Social Security Act, so that railroad retirement benefits remain higher than social security benefits, especially for “career” employees who have…

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Checking Your Earnings History  — CNBC

In fiscal year 2016, the Social Security Administration processed 92,000 complaints about Social Security statements. In Tom Anderson’s column posted on CNBC website (www.cnbc.com) he reminds us that this time of year (tax season) is a great time to review…

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Retirement Savings — Not a Priority?  — GOBANKINGRATES

According to GoBankingRates’ 2017 Retirement Savings Survey, about one in three adults has $0 saved for retirement and another 21 percent of Americans have less than $10,000 saved. In Cameron Huddleston’s column appearing on GoBankingRates website (www.gobankingrates.com), he reviews the…

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“Do I qualify for benefits as a spouse if I am now in, or the surviving spouse of, a civil union, domestic partnership, or other non-marital legal relationship?”

Answer: Social Security is now processing some retirement, surviving spouse and lump-sum death payment claims for same-sex couples in non-marital legal relationships (such as some civil unions and domestic partnerships) and paying benefits where they are due. We encourage you to…

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