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Can Social Security reform be done relatively fairly?
If Congress does not change the law, the Social Security Trust Fund will be exhausted by 2033, and at that time, benefits will be cut by 21 percent. Changes to Social Security are coming no matter what, but what if…
Sign up for Medicare Part B Online, by Fax, or by Mail
Medicare’s Open Enrollment Period is underway through December 7. This is an annual opportunity for people with Medicare to review their coverage and, if needed, make changes to their plans. If you already have Medicare Part A and want to…
The 2025 maximum Social Security benefit
The 2025 cost-of-living adjustment (COLA) of 2.5 percent will increase the average monthly benefit from $1,927 to $1,976 per month, a $49 increase, according to the Social Security Administration. However, the maximum Social Security benefit for 2025 will increase from…
Why did we drop in the global ratings?
Why is the United States retirement system getting a C+ rating from the latest Global Pension Index? The report says the U.S. system received a C+ ranking due to risks and shortcomings that should be addressed. What are these risks, and…
Remember to figure in Medicare into your equation
The Social Security Administration announcement of the 2.5 percent 2025 cost-of-living adjustment (COLA) has some people calculating their increase to their monthly benefit amount before they know one other increase that is due to be announced. What is this other…
The sandwich generation
Are you part of the “sandwich generation?” The sandwich generation consists of workers supporting young relatives and aging parents. According to the U.S. Census Bureau, there are roughly five million intergenerational households in the United States. Jill Schlesinger reports on…
Take the time to review your health plan
The Medicare Open Enrollment Period for 2025 runs from October 15, 2024, to December 7, 2024. During this time, Medicare beneficiaries can review their current coverage and make necessary adjustments for the upcoming year. Tricia Neuman, a senior vice president…
Is renting a bad idea when you retire?
In the past 20 years, homeownership among retirees has dropped from 80 percent to 74 percent. Although renting in retirement may look like a sensible option for retirees, but one thing that many of them overlook is the prospect of…
What about the retirement industry
Nevin E. Adams, JD, the former Chief Content Officer and Head of Retirement Research for the American Retirement Association, has compiled a list of his ten pet peeves about the retirement industry. Read Mr. Adams’ article here… The links provided above…
Annual Medicare Open Enrollment has started
The annual Medicare Open Enrollment period has begun and will run until December 7th. What is the Medicare Enrollment period, and how will this affect my Medicare coverage? Aliss Higham reports on what you need to know about this important…