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They’re 65, Collecting Social Security & Have Student Loans
t’s not uncommon to hear young professionals complain about having to pay back their student loans on their modest salaries. Those young professionals have company– those who are 65 and older with student loans! The Consumerist analyzed data from the Department of…
7 Questions About Divorcee Social Security Benefits
Included in the myriad of questions that I regularly receive from readers are questions about how a divorced person can collect benefits based upon his or her ex-spouse’s Social Security record. For a divorcee (as with many married couples) sometimes the…
Social Security: Verification of benefits
Need verification of your Social Security benefits? There’s no need to visit or call an office to get the verification you need. Simply visit www.socialsecurity.gov/myaccount. There are a number of reasons you may need written verification of your Social Security benefits. You…
Social Security the “third rail”
Social Security is often called the “third rail” of politics, but it is a vital program that needs review and reform, according to the Association of Mature American Citizens, which, since its founding, has been actively seeking Congressional intervention. Read…
Scam Alert — Don’t Fall for this ID Theft Trick
Watch out for scammers pretending to represent the Social Security Administration or Service Canada. Con artists are contacting citizens via email and requesting personal information, which they use to commit identity theft. Read more… Notice: The “Read more…” link…
What to do if you started saving later in life
Saving when you are young can have major benefits to your overall financial plan. Saving just $1,000 every year starting at age 25 will leave you with a total of about $290,000, assuming a hypothetical 8% rate of return, when…
Social Security Means $6 Billion-Plus a Year for West Virginians
At the ripe old age of 79, Social Security is helping West Virginia residents and the economy. While pensions have changed, jobs have been lost and homes have lost equity, a quarter of folks in the state rely on Social Security…
Advocate-NorthShore merger continues trend toward regional supersystems
The merger between Advocate Health Care and NorthShore University HealthSystem that would create a $7 billion academic-suburban behemoth reinforces the growing national trend of large, financially stable healthcare organizations realigning as regional mega-systems. Advocate and NorthShore executives, echoing their colleagues around the country,…
SSDI: A Program Subject to Abuse
A new report from the Office of Inspector General at the Social Security Administration identifies the degree to which the agency does or does not have the systems, infrastructure or policies in place to stop the growing abuse that is taking…
Health care is often the biggest expense in retirement — and the hardest to predict
As the youngest of the baby boomers celebrate their 50th birthdays this year, many will put renewed attention on what will likely be the biggest expense in retirement: their health. Still the responsibility of caring for retirees — as well as the cost…