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Exploding some Medicare myths
Medicare provides an untold number of people with healthcare coverage, but it’s a complicated program that is often misunderstood. Many people think that Medicare Part A is free but that’s not always the case, and this is only one example…
Common errors when claiming Social Security will cost you
Considering the importance that Social Security represents in most retirement plans, far too many people approach the topic carelessly and without fully considering their options. That’s not surprising considering how daunting and complex the program has become, leaving many to simply…
A dozen surprising facts about Social Security
You may know some about the basics of the Social Security program, but there are a lot of things you may be surprised to find out. Things such as how much total money is paid out in benefits; that Social…
Social Security Administration: Value and Efficiency
Providing Social Security services to over 60 million Americans is a big job done every day by nearly 64,000 employees. But, just like many large corporations, the SSA has to live within its budget constraints and cutting operating costs inevitably affects services.…
Social Security – Rules To Live By
Far too many people start taking their Social Security benefit as soon as they’re eligible at age 62, instead of doing some fairly simple analyses on when the best time to start would be. Factors such as taxes and…
Retirement Planning: Here are some thoughts to guide you.
As retirement closes in on you, it becomes more and more important to develop a plan that will make your financial situation work best for you. You’ve seen the studies that lament the statistics that a large portion of the…
Social Security – Basics You Need to Know
From knowing your “Full Retirement Age” to understanding the income tax implications of Social Security benefits, there are several basic factors that everyone approaching, or thinking about, that portion of their future falling under the Social Security umbrella should understand. An…
Student Loan Debt and Seniors–A Steadily Growing Problem
The number of borrowers over the age of 60 with student loan debt has ballooned to over 2.8 million, a quadruple increase over the 2005-2015 period. This, coupled with the already-identified issue of widespread retirement savings deficiencies, presents a serious…
New Retirement Study Underscores Worker Concerns
Business Management Daily (BMD), in a post on www.theledger.com, recaps the results of a Transamerica Center for Retirement Studies (TCRS) report on the financial worries of American workers. With the looming insolvency of Social Security ranking squarely in the top 3 concerns stressing…
Understanding Social Security
As you are probably aware, our country’s Social Security program is pretty comprehensive and actually quite complex. In fact, in 2014 testimony before the House Committee on Ways and Means’ Subcommittee on Social Security, Laurence J. Kotlikoff (Professor of Economics, Boston…