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New Bill Proposes New Ways to Pay Doctors for Medicare
The federal government has proposed a change for the Sustainable Growth Rate (SGR) formula, the formula used in determining doctors’ yearly fee for Medicare. SGR was first introduced in 1997 but it was never really implemented. It aims to cut the…
Listing beneficiaries on retirement accounts can help heirs avoid large tax bills
Aunt Lilly was not known for her kindness or thoughtful nature. She had a tendency to knit, loudly, when she was sad, and given her propensity toward ennui, she knit quite a bit. Aunt Lilly had been kindly asked to…
Does human nature put your retirement at risk?
There’s a reason why so many people are anxious about their retirement — it’s called human nature. Let’s see how we might be helped by changes in the way researchers and retirement analysts are looking at how we make decisions.…
Social Security Benefits: When Waiting Doesn’t Pay
Social Security’s rules are complex, but often, they reward those who are able to defer taking their benefits beyond their full retirement age. But that isn’t true of all Social Security benefits. With some, there’s no advantage to be gained by waiting.…
DeMarrais: Your records aren’t all digital
I’m a pack rat, especially when it comes to financial records, even though I know there is no need to keep most of the tax returns, pay stubs and receipts for more than three to six years. So, while going through…
Social Security’s scoop on changes
A new year is a time for change. People across the world make resolutions and set goals to better themselves and the world around them. Whether you want to shed a few pounds, secure your finances for retirement, devote more…
Unions, pensions and the future of Social Security
The first Social Security account was established in 1936 for 23 year-old John David Sweeney, Jr. of New Rochelle, New York, who never received a dime in benefits. Unfortunately, Mr. Sweeney died of a heart attack at age 61. The average…
SocialSecurity.gov: Social Security Running Out Of Disability Money In 2016?
Those looking to SocialSecurity.gov for help should know that the Social Security disability trust fund is running out of money. So what is causing this to happen? In a related report by The Inquisitr, as the general Social Security trust funds began…
Boomers’ Retirement Security Still Hurting from Great Recession
Recent retirees and older workers on the verge of retirement face a different economic environment than before the Great Recession—even if it’s only been more than four years since it ended. The financial crisis not only dented many baby boomers’ nest…
5 Things about Medicare or Medicaid you are too Embarrassed to Ask
You’ve probably heard of Medicaid and Medicare, but you might not know what each one does. Both programs are social insurance programs managed by the government and provide health insurance coverage for those who meet certain minimum requirements. Usually, the…