Latest News
A Quick Look at 2025 Changes that Impact Social Security Beneficiaries
As expected each year, January brings a series of Social Security changes that impact participants. There’s really nothing new about these changes…they happen every year, but it’s always good for planning purposes to be sure they’re factored into financial plans…
SSA commissioner O’Malley Set to Resign 11/29
CBS News reports that Social Security Administration Martin O’Malley has resigned from his position with the office as part of his candidacy for chairmanship of the Democratic National Committee (DNC). Commissioner O’Malley was appointed as the 17th SSA Commissioner in…
Retirement: Dealing With the Emotional Part of the Equation
Quite a bit of material has been published about the financial aspects of retirement. You know, the tips for maximizing your monthly Social Security benefits, understanding spousal and survivor benefits, the perils of claiming before full retirement age, and so…
An Update on SSA’s Overpayment Clawback Reform measures
Eight months ago, Social Security Commissioner Martin O’Malley announced plans for policy changes intended to address the heavy criticisms facing the Social Security Administration in the face of its efforts to recover funds incorrectly paid to some beneficiaries. In a…
Claiming Early? You’re Not Alone…Here’s Why.
From a financial planning standpoint, conventional wisdom espoused by retirement advisors suggests waiting at least until full retirement age, and preferably until age 70, to claim Social Security benefits. There is nothing wrong with that advice, of course, but with…
Medicare Advantage saves money
Medicare recipients who migrate from traditional Medicare to the Medicare Advantage program have saved the federal government $144 billion over the last decade, according to the latest study by Elevance. They found: “What happens in the MA system indirectly affects…
Social Security is Translating More Materials in Native Languages
Social Security will now translate, print, and distribute materials in appropriate Social Security offices in Yup’ik and Diné, 2 Native languages. Offices nationwide display posters with the message, “Share Your Race and Ethnicity & Help Us Improve Service and Access”.…
Do you know about these changes?
The Social Security program changes every year, and 2025 will be no different. Since Social Security benefits are the largest source of income for many seniors, it is important to be aware of these changes. Trevor Jennewine reports on the…
Is a Medicare Advantage plan right for you?
It is the time of the year again when all those Medicare Advantage plans advertise how wonderful they are and give you all sorts of additional benefits, but are they right for you? During Medicare’s Open Enrollment season, which will…
How much savings should you have
What is your savings balance? The average middle-class American is $13,000, compared to the $128,000 in median savings of Americans with a net worth in the top 10th percentile. However, your personal goals should determine the savings you should have…