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It’s Medicare Annual Enrollment Time…And Here’s a Quick Review of the Scams in Play
Now through December 9, many seniors will be giving their Medicare coverage considerable attention as the Annual Enrollment Period takes place. This, of course is the time when Medicare beneficiaries can review and modify, if they wish, their Part C…
Mitigating the “Motherhood Gap” in Social Security Benefits
The working history of females tends to differ over time, specifically with respect to the bearing of children. Statistics show that female workers without children tend to realize a higher benefit as a result of not experiencing interruptions in work and earnings…
A Quick Synopsis of Social Security’s Current Solvency Outlook
The rumors about Social Security’s impending demise seem to persist, as do the rumors about the government plundering the Social Security Trust Funds and reallocating their accumulated reserves to other causes. The facts are really quite different. First, Social Security…
401k Balances Are Up, but Does That Mean the Retirement Savings Problem is Resolved?
The short answer is “no,” according to an article posted by CNBC reported Bob Pisani. In fact, with the median balance in these deferred compensation plans held by folks 65 years of age and older holding steady at about $60,000, the financial…
Do you know enough about Social Security?
For so many Americans, Social Security is a fundamental part of financial solvency in their retirement years. In fact, as explained on the Social Security Administration’s website, “With retirement, disability, and survivors benefits, Social Security is one of the most successful anti-poverty…
Maximizing your Social Security benefit
Assuming you have met or exceeded Social Security’s “payroll tax cap” each year in the 35 years used to compute your benefit, the “maximum” amount of Social Security – the maximum primary insurance amount you’d be entitled to if you retire in 2017…
Original Medicare or Medicare Advantage plan: Which is best?
Influenced by Medicare’s Open Enrollment period, which runs now through December 7th, many seniors are focused on which of the multiple Medicare options is best for them. If you’re new to Medicare, then deciding on whether to go with original Medicare or a Medicare…
The Medicare Open Enrollment window is open.
The Medicare Open Enrollment window opened on October 15th and runs through December 7th. It’s during this time that you should evaluate your current Medicare Advantage plan to make sure it’s the best one for you and, if appropriate, make…
Preventing Social Security from Garnishment
Social Security benefits for most retirees are a significant percentage of their monthly income, so having your money garnished by a creditor is scary. The garnishment of your Social Security benefits could reduce your retirement income to the point where…
The Major Problem with this Common Retirement Income Advice
In your research on how much you’ll need in retirement to live on, you’ve probably come across the common advice that you need to replace 80 percent of your pre-retirement income. But, remember the old saying “rules are meant to…