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Prevention is cheaper in the end
In 2023, the average retiree household incurs approximately $21,400 in annual healthcare costs, with many retirees facing costs of $43,500 or higher. While there is no crystal ball to predict exactly what you will spend on healthcare in retirement, there…
Social Security Commissioner Touts Recent Improvements
Although Social Security faces mounting concerns about its financial trajectory, SSA Commissioner Frank Bisignano provides reassurance that “Social Security is not a program of the past; it is a promise to future generations.” In an interview with Fox Business, the…
Where Are Social Security Problems Most Impactful?
Reports from the Transamerica Center for Retirement Studies note that “Over half of retirees surveyed (53%) expect Social Security to be their primary source of income throughout retirement.” Drawing a correlation between household income and the importance of Social Security…
The Changing Face of Retirement
What at one time was the norm—throw in the towel at 65 head for the comfort of retirement—appears to be vanishing. So say the results of a Nationwide Retirement Institute survey reporting that “nearly six in ten pre-retiree investors said…
Attention Veterans: TRICARE Changes After a Death in the Family
Changes in the composition of your family can trigger a change in the status of health care coverage under TRICARE, the health care program for uniformed service members, retirees, and their families. A post by TRICARE Communications discusses the steps to…
Social Security Misunderstandings and the Openness to Change
Reason.com contributing editor J.D. Tuccille, in a post on their website, examines one of the popular ironies facing Social Security in the 21st Century. He finds a paradox in the fact that most Americans like Social Security, but do not…
Some Social Rule Changes Could Benefit Seniors
There’s no question that the Social Security rulebook is complex. Of course, you need rules to manage a program affecting 75 million people. Still, sometimes it becomes obvious to many that there are specific directives that ought to be examined…
COLA Watch 2026…A Slight Bump Up
With recent indicators showing a slight, but apparently controlled, increase in living costs, pundits are rethinking what the January Social Security cost-of-living adjustment might be. Just a few weeks ago, 2.6% seemed to be the consensus. With the data released…
More Thoughts on the “No Tax on Social Security” Workaround
Today’s headline article encourages strategic thinking about structuring your income to take full advantage of the temporary tax benefit. So, while we’re on that theme, here’s another article exploring the importance of income management and the phase-out parameters included in…
“Sovereign Wealth Fund” Proposition Draws Criticism
The creation of “… a new investment fund that would infuse much-needed money into Social Security, while ensuring no one on Social Security or nearing retirement sees any change to the benefits whatsoever”–a proposal crafted by Senators Bill Cassidy (R-LA)…