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Don’t Spend that extra SS money yet – Medicare will cut into your COLA increase!
In an announcement by the Centers for Medicare & Medicaid Services (CMS), we were told that the new cost of our Medicare Part B coverage for 2026 would be $202.90, instead of the $185 per month we paid in 2025.…
2026 COLA: When will we see it?
The government just recently released the 2026 Cost of Living Adjustment (COLA) percentage which those eligible for Social Security can expect next year. But some confusion always exists about when we will actually see our Social Security increase. Well, the…
Closing the “Retirement Savings Gap”
It’s pretty well recognized, especially among financial planners, that Americans suffer a fairly large “retirement savings gap” – that is, they have less in savings than they will require in their so-called “golden years.” That is, of course, an unfortunate…
Looking to Increase your Retirement Savings? Here’s some good news!
For those of us who see retirement on our horizon, saving as much as possible for those “golden years” is essential. And many choose to use traditional IRAs to bolster our savings, or contribute to our employer-sponsored 401(k) or 403(b)…
2026 Social Security Payment Dates
Here is the 2026 Calendar for when you will receive your Social Security payments. There is a different set of rules for those who claimed their Social Security benefits before May 1997 and receive their payments on the 3rd of…
Average Spousal Benefit in 2026
Approximately 1.9 million spouses and ex-spouses currently receive a spousal benefit, according to an article written by David Mania. A spouse receives a spousal benefit when 50% of their higher-earning spouse’s full retirement age (FRA) benefits are more than 100%…
Don’t overlook providers network
We are currently in the Medicare Open Enrollment period, during which Medicare recipients can make changes to their Medicare coverage. While most people consider the financial aspects of their coverage, many overlook a crucial factor: in-network providers. Julie Carter, writing…
Making the Most of the New 65 Plus Tax Break
The President was unable to keep his campaign promise to end taxation of Social Security benefits, as it never advanced in Congress, but many seniors 65 and over are still going to receive a new tax break. As a result…
Medicare premiums are being pushed by rising payments to Medicare Advantage plans
According to a recent report by the Medicare Payment Advisory Commission (MedPaC), the cost of Medicare Part B premiums is being pushed by rising payments to Medicare Advantage plans. “Medicare will spend about 20 percent more on Medicare Advantage enrollees…
Should You Delay Taking Social Security Until Age 70?
Delaying your Social Security benefits until age 70 increases your monthly payment by 76% compared to claiming at 62. However, consider factors like your health, life expectancy, and financial needs. The average break-even point is age 81 or 82. If…