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How people should adjust their financial plans
There is no one-size-fits-all retirement advice for soon-to-be retirees, especially retiring in an economic recession. We all have watched our retirement portfolios take a dramatic dip this year, with all the markets down double-digit percentages. Trina Paul explains what soon-to-be…
How your COLA is applied
The Social Security Administration will mail COLA notices throughout the month of December to retirement, survivors, and disability beneficiaries, SSI recipients, and representative payees. The temptation to apply the 8.7 percent to your current payment is not how it works.…
You can increase your benefits with a few steps
You can begin your Social Security retirement benefits as early as age 62. If you delay taking your Social Security benefits to the age of 70, your benefit amount will increase. Since Social Security benefits are paid to you for…
Do you want to ditch your Advantage Plan?
The open enrollment period allows people already on Medicare to switch to a different plan that suits their needs better or add prescription coverage to their existing plan. Should you drop your Medicare Advantage plan and go to the original…
Are you limiting your retirement savings options?
Over 40 percent of U.S. workers participate in 401(k) retirement plans which is an excellent resource for building long-term wealth. However, it is not the only retirement savings vehicle. There are several options that can offer tax advantages and more…
How to find out what your 2023 Social Security benefit amount will be
Approximately 70 million Americans will see an 8.7 percent increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2023. According to the Social Security Administration, on average, Social Security benefits will increase by more than $140…
Are there trade-offs to Medicare Advantage plans?
How does Medicare open enrollment work? The open enrollment period allows people already on Medicare to switch to a different plan that suits their needs better or add prescription coverage to their existing plan. Should you enroll in a Medicare…
Pennsylvania dominates ‘best places to retire’ rankings
If you are planning on retiring to Florida because it is the best place to retire in 2022, then you better think again. The state of Pennsylvania has earned three of the top five spots in U.S. News & World…
Are you financially ready to retire?
Are you ready to retire; can you afford to retire? Are you prepared to enter this new and exciting phase of your life? Of course, there are no guarantees, but there are some clear signs that you are ready. What…
What is driving retired workers back to the labor force?
A recent report from Indeed Hiring lab found about 1.7 million people who retired a year ago have rejoined the workforce. Why? “The costs of living were going up even before the current inflationary cycle that we are in now,”…