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You Can No Longer Take Just Your Spousal Benefit and Let Your Own Benefit Grow
This is one of the most common questions we are asked. Can I take a spousal benefit and let my own benefit grow? At one time, you could do this; however, you still had to be at full retirement age…
The proposal would make Medicare Advantage plans the default
The current administration is considering making Medicare Advantage plans the default coverage option for Medicare enrollees, rather than traditional Medicare. Approximately 69.7 million Americans are enrolled in Medicare in 2026, with 35 million, representing roughly 55 percent, enrolled in Medicare…
Why a bigger Social Security COLA isn’t necessarily a win
The Social Security Administration COLA is determined by comparing the average Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the third quarter of the current year to the same period in the previous year, and applying…
Social Security Administration Celebrates America’s 250th with Commemorative Cards for Newborns
The Social Security Administration (SSA) today announced a first-of-its-kind commemorative Social Security card for children born in the United States between July 2 and December 31, 2026, celebrating the 250th anniversary of American independence. The limited-edition cards, identical in function to…
Do women save more than men?
Although men have spent more time in the labor force and have more saved in workplace retirement accounts, women tend to contribute a larger share of their paychecks to those plans. In Vanguard’s recent analysis of nearly 5 million American…
How Americans 75 and older actually fund retirement
Only 42 percent of Americans ages 75 and older have retirement savings in an IRA, 401(k), or similar account, according to the Federal Reserve’s Survey of Consumer Finances. However, it’s perhaps expected that they have run out of savings by…
Could individuals see cut to their benefits?
Following the bipartisan Social Security financing deal in 1983, Social Security ran a surplus every year until 2021. Starting in 2021, Social Security’s total cost exceeded its total income. However, the trust funds’ reserves supplement the program’s income until, according…
What is causing insurers to leave Medicare Advantage markets
Major insurers, including UnitedHealthcare and Humana, have reduced or exited markets in dozens of counties in 2026. Even if you are happy with your Medicare Advantage plans, a new study published in JAMA suggests that the stability of Medicare Advantage…
Do you have a concrete spending plan?
Do you have plans on how to spend your retirement savings? If not, you are not the only one. According to the financial expert Jean Chatzky, “it’s the biggest mistake retirees can make not having a concrete plan.” Donna Fuscaldo,…
Social Security Administration Delivers Best Performance in History
The Social Security Administration (SSA) delivered historic service improvements over the last year. Operational and technology improvements under Commissioner Frank J. Bisignano led to better, faster, higher-quality service for the American people. Continue reading press release here… Notice: The link provided…