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Guest Opinion: Congress is ignoring an important law for senior citizens
Next year we will celebrate the 80th anniversary of Social Security, the 50th anniversaries of Medicare and Medicaid, the fifth anniversary of the Affordable Care Act and the 50th anniversary of the Older Americans Act. For what the Older Americans…
President Obama Signs ABLE Act for Disability Independence
For disabled people like Matteo Taliaferro, seen above in a therapeutic riding session, independence can be a difficult goal to achieve. Aside from logistical problems like physical impairments that may interfere with the ability to perform tasks of daily living, many disabled…
Important birthdays for financial planning
When it comes to financial planning, some birthdays are more important than others. That’s because rules and regulations governing the ownership of assets, access to retirement money, and eligibility for benefits are often determined by age. So it pays to…
Medicare Advantage: Is It Right for You?
As millions of Baby Boomers retire, they’ll need to address how to finance their healthcare needs. Most Americans become eligible for Medicare coverage at age 65, and traditional Medicare covers many important healthcare services, including hospital stays, doctor visits, and…
3 financial beliefs that make no sense
Many folks are adamant this is the right strategy. Rather than delay Social Security until as late as age 70, thus ensuring a larger monthly benefit for themselves and potentially a larger survivor benefit for their spouse, they’re convinced they…
Dems scramble to perpetuate deceptive Social Security accounting
If it’s left unreformed, over 10 million recipients of Social Security’s disability insurance will have their benefits arbitrarily cut by 20 percent near the end of 2016. Many Democrats want to sweep the problem under the rug with an accounting…
Medicare is the best care if you are age 65 or older
If you are age 65 or older and haven’t signed up for Medicare Part B (medical insurance), now is the time to consider doing it. The general enrollment period for Medicare Part B runs from Jan. 1 through March 31…
Social Security’s Special Tax Rule for Repaying Benefits: Amount of Repayment Determines Method
Increasingly, some financial advisers are encouraging their retirement-age clients who have no immediate need for extra income to repay Social Security benefits they’ve already received and reapply for benefits later when they will be worth more. But what if those Social…
Defending Social Security: Next On Obama’s To-Do List?
Since the midterm elections, President Obama has taken decisive action on immigration reform, climate change and relations with Cuba. Now, the new Republican-controlled Congress has handed him another opportunity to act boldly – by leaving a legacy as a strong…
2015 Changes for Social Security
Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2013 through the third quarter of 2014, Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 1.7 percent COLA for 2015. Other important…