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Medicare changes for 2023 you should know
Just in case you missed it, there are some changes to Medicare for 2023. Some costs have gone down, like Medicare Part B premiums, while others have gone up, Medicare Part A premiums. Kate Ashford writes about the seven key…
The 20% Medicare cut coming for hospitals
(By Jakob Emerson for Becker’s Hospital Review) As the U.S. prepares to end the COVID-19 public health emergency, hospitals are facing a major cut in Medicare payments used to treat patients diagnosed with the disease. Since January 2020, hospitals nationwide…
Are you an “employment extender”
A recent report from Voya Financial and the nonprofit Easterseals found that a growing number of older workers plan to work past the typical retirement age but not for the reasons most people think: financial. Although 43 percent are motivated…
Upcoming changes to your 401(k)
America has a retirement savings problem. The SECURE Act 2.0 is to enhance the retirement savings experience for working Americans. Some of its key elements focus on incentivizing people to save more and prioritize long-term goals; however, sections of it…
Portability Services Network
Fidelity Investments, Vanguard, and Alight Solutions have teamed up with Retirement Clearinghouse to create a new service called the Portability Services Network. Portability Services Network, LLC (PSN) utilizes the Retirement Clearinghouse (RCH) autoportability solution to deliver a nationwide, digital hub…
No cuts to Social Security and Medicare
With all the political rhetoric in the news and social media that Republicans will cut Social Security and Medicare programs, a leading republican says, no, these programs are off the table with respect to budget cuts. James Comer, House Oversight…
Raising the retirement age
Choosing when to start receiving your Social Security retirement benefits is an important decision that affects your monthly benefit amount for the rest of your life. For those born in 1960 or later, your full retirement age is 67 to…
House Resolution Affirms Importance of Social Security to Americans
In a Resolution issued yesterday, Congresswoman Beth Van Duyne (TX-24) and Congressman Michael C. Burgess, M.D. (TX-26) took steps to stress the importance of Social Security to the lives of more than 60 million Americans. Their Resolution describes Social Security…
Social Security and the National Debt: “Fact Checkers” Weigh In
Social Security is in the spotlight these days, both with respect to its long-term solvency problem and its relativity to the debt ceiling fight now underway. One can argue that Social Security has no direct bearing on federal debt, since…
Retirement Finance Strategies–“Bridging” Might be a Way to Maximize Your Position
The general emphasis on waiting as long as possible to claim Social Security benefits is something many aging into eligibility hear from advisors, and it’s clear that taking advantage of the program’s “delayed retirement credits” produces the highest monthly benefit…