Payroll tax to fund long-term care

Washington state enacted the Long-Term Services and Support Act (WA Cares) three years ago to address the costs of providing long-term care to Washington residents. Beginning July 2026, each eligible person can access long-term care services and support costing- up…

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Fixing SSA’s overpayment practices

As you may recall, the Social Security Administration has been under investigation for how they handled recouping overpayments from beneficiaries even when the government made the mistake. The newly appointed Social Security Administration Commissioner Martin O’Malley said: “that in the…

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A guide to covering LTC expenses

Seniors aged 65 have a nearly 70 percent chance of requiring long-term care services in the future. Of the 3.9 million Americans receiving care in a skilled nursing facility, 78 percent received long-term care for 100 days or more. Unfortunately,…

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Retirees continue to work

A recent report shows around 10 percent of older Americans receive income from Social Security, a defined benefit pension, and a defined contribution plan. The Social Security Administration reports among Social Security beneficiaries aged 65 and older, 37 percent of…

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A successful retirement involves consistent behavior

What makes a successful retirement? Is there a magic number that we all need to have saved before retiring? Or is my dream of a rewarding retirement just that, a dream? Financial expert Dave Ramsey says, “It doesn’t have to…

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“Ask Rusty – How Do Survivor Benefits Work for a Married Couple?”

Dear Rusty:  How does Social Security handle the death of one spouse? Say, for example, the husband receives $2,000 per month in Social Security and his wife receives $1,000 per month. How is the death of either spouse handled? Signed:…

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