Latest News
Implications of Claiming at Age 70: Consider Survivor Benefits in the Equation
Conventional retirement finance planning suggests deferral of benefits until age 70 to capitalize on delayed retirement credits. Yes, you do get a higher monthly benefit, and depending on the number of months you receive that payment, you can maximize your…
Proposed modernization of the Medicare Savings Programs
To simplify access to the Medicare Savings Programs (MSPS), the Aging & Disability Health Policy Lab has drafted four model policies. Medicare Savings Programs are special benefit programs sponsored by state Medicaid agencies. They are designed to relieve some (or…
Employers overestimating the financial health of their employees
A recent survey by the Transamerica Institute “found a consistent pattern of employers overestimating the financial health of their workforce while workers quietly absorb the consequences of persistent inflation, inadequate benefits, and mounting retirement anxiety.” One of the most alarming…
Are you prepared for the retirement you might get?
Two-thirds of retirees said they left the workforce earlier than planned, according to the latest survey from the Society of Actuaries Research Institute. The primary driver for the need for early retirement was health issues. These findings confirm other research…
CMS announces aggressive nationwide crackdown on fraud
In a continuing effort to stop fraud before it starts, the Centers for Medicare & Medicaid Services (CMS) is taking decisive action to protect Medicare beneficiaries and taxpayer dollars through implementation of a six-month, nationwide data-driven moratorium on new Medicare…
How the government calculates your Social Security benefits
Your Social Security benefit is calculated based on your highest 35 years of earnings, adjusted for wage growth, and then applied to a formula that determines your Primary Insurance Amount (PIA). However, this amount can be adjusted based on specific…
The fear of running out of money
The fear of running out of money is more overwhelming than the fear of death itself for almost two-thirds of retirees, according to the latest Allianz Retirement Study. Along with the fear of running out of money, more than 50…
What retirees spend the most on the first year
Even though you have recently retired, there are still expenses you need to be aware of. All retirees are affected by healthcare bills, housing expenses, and travel expenses. Nicole Spector, writing for GoBankingRates, explains how to account for these costs.…
Figuring out your ideal retirement savings number
The recent Northwestern Mutual Survey found that the average respondent estimated they would need $1.46 million to live comfortably in retirement, which is up by almost a quarter of a million dollars from last year. One of the factors driving…
Explore the Latest Enhancements to Your Online my Social Security Account Portal: Improved Features Now Live!
Your personal my Social Security account is your secure access point to Social Security services. Whether you’re planning for retirement, checking your claim status, or updating your information, your personal account is designed to make your experience smooth and convenient. Continue reading here……