Latest News
Payment plan for drugs in 2025
One of the many changes the Inflation Reduction Act (IRA) changed is how Medicare recipients can pay for prescription drugs. Medicare beneficiaries may choose to participate in a program that will spread the costs across several months instead of being…
Social Security benefits and alimony payments
Earlier this month, the Colorado Court of Appeals ruled that Social Security benefits counted as income in deciding alimony payments. So, what will this mean to other seniors? Suzanne Blake reports on how this ruling changes how the court can…
Proposed plan for new retirement system
The Wharton School of the University of Pennsylvania proposed a plan for the federal government to create “personal individual investment accounts” to replace the current retirement systems. According to the authors, “All contributions are made by the federal government without…
Pay attention during the Open Enrollment Period
Although Medicare Open Enrollment is a few months away, it is not too early to learn about changes that may affect your Medicare Part D coverage. The Inflation Reduction Act (IRA) will make significant changes to many individuals with Part…
Are you nervous about retirement?
The majority of Americans are nervous about retirement, according to the latest report from Schwartz Center for Economic Policy Analysis. The results demonstrate that the stress level of retirement differs based on age, gender, economic and educational levels. Lynn Cavanaugh…
Should couples retire together?
Married couples need to coordinate their retirement, but that does not mean both of you will retire on the same day. According to Ameriprise, only about 11 percent of couples retire at the same time, and 62 percent of couples…
What are your plans for your Social Security benefit?
In June 2024, over 67 million individuals received Social Security benefits, with an average benefit of $1,781. We know from previous studies that About 1 in 7 seniors rely on Social Security for at least 90 percent of their income.…
VP candidate and Social Security
2024 Republican Party vice presidential candidate selection, Senator JD Vance, has made several statements on Social Security Trust Fund insolvency issues over the years. Omar Mohammed reports on what the VP candidate has said about Social Security. Read Mr. Mohammed’s…
Changes are coming
The Social Security Administration is changing how you access online services, including your account called My Social Security account. The Social Security Administration said they made these changes to simplify the sign-in experience and align with federal authentication standards. For…
The risk of running out of money
Inflation is putting “more retirees at risk of running out of money,” according to a recent study published by Boston College. Who will be seeing this risk? Is it the wealthy retirees or the less-than-wealthy retirees? The less wealthy retirees…