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Planning for the New Generation
Millennials are being warned by their elders to plan better than they have. Boomers are starting to realize the repercussions of poor savings as they start to head in to retirement and Millennials could stand to learn a lot from…
Benefits of Delaying Benefits
The most repeated and common piece of advice regarding Social Security is to delay filing for benefits for as long as you can afford to. Doing so increases the amount that you will receive each month by a significant amount…
How COLA adjustments are calculated — a primer
Motley Fool’s analytical staff take a look at how Social Security determines when–and how much–adjustment in monthly benefit payments us warranted. Check it out here… Notice: The link provided above connects readers to the full content of the posted…
PROTECTING SENIORS FROM SHADY SALES OF PRIVATE MEDICARE BENEFIT PLANS
Medicare beneficiaries can get their Medicare benefits from traditional fee-for-service Medicare, or from private plans known as Medicare Advantage (MA). The Centers for Medicare and Medicaid Services set lax standards for marketing of those plans to seniors, but have proposed…
Negotiating Health Care Bills – A Primer
Personal finance columnist Liz Weston, in a post on www.latimes.com, provides some thoughts and suggestions on ways to reduce the amount you need to pay for health care. Read her post here… Notice: The link provided above connects readers…
New Bill Addresses Phase-in of Disability Benefits
H.R.5347 – To provide for phased-in payment of Social Security Disability Insurance payments during the waiting period for individuals with a terminal illness was referred to the House Committee on Ways and Means on May 26, 2016. Rep. Rodney Davis, R-Ill., and…
Social Security and Kids
Social Security is not just there to aid you in retirement, part of its role is to ensure the wellbeing of your children. 4.4 million children receive benefits each year because of disabled, retired, or deceased parents. This goes a…
Va. Insurer’s Decision To Drop Bronze Plans Prompts Concerns
(By Michelle Andrews for Kaiser Health News) News that a CareFirst BlueCross BlueShield subsidiary will stop selling bronze level plans on the Virginia marketplace next year prompted some speculation that it could signal a developing movement by insurers to drop that…
Baby Boomers Creating the New Retirement
Baby Boomers have been causing waves since they were born. They are a generation of firsts and innovation and generosity. They spear headed many culturally iconic events in the last century such as civil and women’s rights, space travel, and…
“Restricted Application” –Still a Valid Option for Some
For some couples in the midst of developing their financial strategies for retirement, the “restricted application” option remains an avenue open to them. MSN MoneyTalkNews writer Marilyn Lewis discusses the option in an article posted on msn.com. Check it out here……