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About Maximizing Your Social Security Benefit
Of course, everyone wants the maximum Social Security benefit they can get, considering their personal circumstances. But it’s the last part of that sentence that has a major influence on your ability to truly maximize your Social Security benefit –…
Inflation Have You Second-Guessing your Retirement?
Inflation certainly has it’s damaging effects. Soaring prices for nearly everything dramatically changes our financial circumstances and, very often, what suffers greatly is our retirement plan. After all, fulfilling our basic daily needs trumps saving for our future every time.…
What Will COLA Be In 2023?
As inflation soars and seniors struggle to pay their daily expenses, much of the conversation these days focuses on whether the 2023 Cost of Living Adjustment (COLA) to Social Security will come even close to offsetting higher prices. Well, since…
How Much Will Social Security Pay You?
It may sound trite, but you cannot live on Social Security alone – or, at least, you cannot live comfortably on Social Security only. Most financial experts will say that you will need about 80% of your pre-retirement income to…
Retirement During Uncertain Economic Times
Few would disagree that these are trying economic times. Inflation has hit everyone very hard, and those living on a fixed income are struggling to make ends meet, especially those who rely on Social Security for a large part of…
Insulin Out-of-Pocket Costs in Medicare Part D
(By Juliette Cubanski and Anthony Damico for Kaiser Family Foundation published July 28, 2022) Addressing the cost of insulin continues to be at the forefront of policy discussions around prescription drugs. Legislation has been introduced in Congress that would cap…
Why It’s Important to Report Life Changes to Social Security
(Source – ssa.gov) Did you know that certain life changes can affect your benefits? Sometimes your circumstances may change after you apply for or begin to receive benefits. When that happens, it’s important for you to tell us about these…
Be realistic about Social Security
Social Security provides a foundation workers can build to plan for their retirement. However, Social Security benefits are much more modest than many people realize. Forty-nine percent of Americans didn’t realize what percentage of their income Social Security would replace…
Are you considering tapping your 401(k) plan to reduce your debt?
As the economy worsens, more Americans may consider using their 401(k) or other retirement accounts to reduce their debt. There are three ways people can tap their workplace retirement savings to cover their debt. But is this a wise choice?…
What will the Social Security Expansion Act mean to you?
The Social Security Expansion Act will give current Social Security recipients or will be eligible in 2023 – at least 62 years old – a bonus check of an additional $200 a month. Also, the bill would boost benefits for…