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Some reasons why you may want to start early

You can begin your Social Security retirement benefits as early as age 62. However, if you start receiving benefits early, your benefits are reduced. But if you delay taking your benefits from your full retirement age up to 70, your…

Americans underestimate the cost of long-term care

Medicare and most health insurance, including Medicare Supplement Insurance (Medigap), don’t pay for long-term care. This type of care (also called “custodial care” or “long-term services and support”) includes medical and non-medical care for people who have a chronic illness…

You can retire on less than $1 million

Not every soon-to-be retiree will have $1 million saved, but that does not mean you cannot retire. You will need to plan a reasonable monthly budget, maximize your Social Security benefits, and create a drawdown strategy. It sounds very daunting,…

Are you five years out from retirement?

How close are you to retirement? Are you planning to retire in the next five years? If so, you still have time to finalize your retirement plans. You may need to assess your financial situation, create a retirement budget, and,…

Will the 2026 COLA be accurate?

How the cost-of-living adjustment (COLA) for Social Security benefits is calculated is not as straightforward as you may think. First, they only use the data from the third quarter of the year, specifically the Consumer Price Index for Urban Wage…

Never Worked? You May Still Be Eligible for a Social Security Benefit.

There are circumstances when someone that never worked may still be eligible for a Social Security benefit. The most common one is a spousal benefit (ex-spousal benefits if married at least 10 years). You can receive a Social Security benefit…

What Medicare does not cover

A recent survey conducted by The Kaiser Family Foundation found that 23 percent of adults under 65 and 45 percent of those aged 65 and older believed that Medicare would cover the cost of time in a nursing home or…

Social Security Increases Repayment Amount on Overpayments

If you find yourself being overpaid by Social Security, you may have to pay it back. These overpayments will start being withheld around July 24, 2025. If you received an overpayment notice issued on April 25, 2025, Social Security will…

Social Security for the Military

Some special circumstances affect Veterans and Military members when they apply for their Social Security benefits. Depending on the years you served in the Military, special additional credits may have been added to your benefit. There are also different standards…

103,000 Medicare Beneficiaries are getting new Medicare numbers

The Centers for Medicare and Medicaid Services (CMS) have notified 103,000 Medicare beneficiaries that their personal information was used to create accounts on Medicare.gov. On May 2, 2025, the Medicare call center began receiving calls from beneficiaries who had received…

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