Latest News
Modest Raise For Social Security Recipients
Social Security payments will increase by 1.7 percent next year. That comes to about $20 a month for the average Social Security recipient. This will affect 70 million Americans, mostly retirees and veterans, according to Diane Swonk, senior economist for Mesirow Financial. But Swonk…
Social Security Announces COLA, Wage Base Increase
The Social Security Administration (SSA) has announced a 1.7% benefit increase for 2015. In addition, based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $118,500 from $117,000. Read more… …
Investment News: The new and improved Social Security statements
In Investment News, written by Mary Beth Franklin and published on Oct 15, 2014, people got good news about getting information about their Social Security status–a new and improved Social Security Statement. Ms. Franklin says: Bowing to public and congressional pressure, the Social…
Here’s your guide to claiming Social Security benefits
Source – myfox8.com On Tuesday’s Successful Aging, Linda Pritchett talked about Social Security and when to claim benefits. Here is a copy of the Social Security Claiming Guide She also talked about the top sources of income for retirees today. Notice: The “Read more…”…
Spanish spoken here: Social Security speaks your language
During National Hispanic Heritage Month, Social Security recognizes the many contributions of Hispanic Americans and celebrates Hispanic heritage and culture. Our award-winning website provides information and services in Spanish. Find out why by visitingwww.segurosocial.gov. More than a million people visit this…
Aetna CEO: We Still Need New Math For Medicare
The Medicare Part A trust fund will be exhausted by 2030. As 11,000 baby boomers become eligible for Medicare daily, Medicare spending is projected to exceed $1 trillion in 2020. We can’t change the numbers that define our population but,…
The Critical Importance of Asset Coordination in Retirement Planning
How do you develop a tax-efficient withdrawal strategy for clients without including the single largest source of retirement income for most Americans? If you answered, “you don’t,” pat yourself on the back; all others should abandon the advisor business—immediately. Read more……
Wednesday’s inflation reading to determine Social Security rise
Lower gasoline prices look like they are here to stay for a while and that’s good news for consumers. It means already-low inflation is likely to recede and effectively give working-age Americans a pay raise. The same is not necessarily true…
Here’s How Social Security Will Cut Your Benefits If You Retire Early
Social Security retirement benefits normally may be taken as early as age 62, but your income will be substantially higher if you can afford to wait. If you are entitled to, say, a $1,500 monthly benefit at age 66, you…
How medicare covers outpatient mental health services
Does Medicare cover outpatient counseling or therapy sessions for seniors? Since retiring, my husband has really struggled with depression and needs to get some help. What can you tell us? Yes, Medicare recently upgraded its coverage of outpatient mental health services…