Headlines

Seniors 65 and still on ACA plan need to enroll in Medicare

It may come as a surprise to some 65 year old seniors, but if you’re still on a subsidized ACA (Obamacare) plan you need to switch and enroll in Medicare Part B.  And you only have until the end of September…

How to avoid unhappiness in retirement

The results of a new study by the Employee Benefit Research Institute reveal that today’s seniors are becoming increasingly unhappy in their retirement.  Although a majority of retirees are still enjoying their golden years, the percentage of those who describe…

Social Security Disability: Delay times need fixing

At a time when the Social Security Administration has been cutting back on employees, the number of disability applications has been rising and as a result there is a huge backlog of applications pending a decision.  While about 2/3rds of disability applications are…

Will Social Security be there for the younger generation?

Those Americans referred to as “millennials” and “Generation Z” – essentially the younger generations under the age of 36 – are usually not focused on Social Security and how it might fit into a retirement plan so far into their future.…

In some states, you’ll pay income tax on your Social Security

While 37 states do not levy income tax on your Social Security benefits, if you live in any of these 13 states your benefits could very well be taxable.  And although there are somewhat different taxing criteria among those 13 states,…

Freedom of time may be the best reason to take Social Security at age 62

In this hustle and bustle world, focusing on financial wealth, or at least financial adequacy, usually takes center stage in any retirement planning effort.  And just as often, delaying Social Security benefits and allowing them to grow larger is an integral…

The Equifax Breach and Your Social Security–Time to Step Up the Vigilance

By now, you’ve no doubt seen the numbers and have read about the extent of the vulnerability faced by millions of Americans. With a reported 143 million Americans potentially impacted by the theft of personal data, it becomes clear that…

Next year’s COLA may not be as much as projected

Highlighting the folly of trying to predict the future, those who regularly watch the Consumer Price Index (CPI) are now projecting that the 2018 COLA increase won’t be as much as predicted by the Social Security Trustees’ Report released in July.  That…

Don’t miss healthcare costs when planning for retirement

When you’re planning for your golden years, you of course take into account living expenses such as mortgage or rent, food, utilities and other basic costs.  But the one big thing you shouldn’t forget to plan for is healthcare, because even though…

Musings of a retired Social Security employee

Noted columnist Tom Margenau often writes about Social Security matters offering advice to those with questions, and he is well qualified to do so given his long time employment at the Social Security Administration.  But with the budget cuts and staff…

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