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Free COVID-19 home tests for Medicare Part B beneficiaries
Starting Monday, the first time in the history of the Medicare program that they will be paying for over-the-counter services or tests. What is this history-breaking product? About 59 million seniors with Medicare Part B can get up to eight…
Will the government raise the Social Security retirement age?
The House of Representatives last week approved a retirement bill that would push out the age for required minimum distributions on certain savings accounts to 75; could other official ages through the government programs be increased? There are no imminent…
Why this financial reporter is not counting on Social Security
According to the Social Security Administration, Social Security benefits represent about 30 percent of the income of the elderly. Have you set retirement savings goals for your later years around taking your Social Security benefits? Even though Social Security benefits…
Social Security’s Telephone Problems
Social Security published an announcement, essentially apologizing to those who have had difficulty contacting them by telephone. That difficulty has taken the form of especially long wait times and, sometimes, being unintentionally disconnected after the call has finally started. According…
Social Security Revenue Decreased – Wage Inequality to Blame
Vince Cariaga explains how Social Security is on an unsustainable path. Payroll taxes fund most benefits paid. He takes readers through the program’s looming insolvency, noting payroll taxes will only be able to pay around 78% of benefits in just…
Social Security 101
Rare is the author who will write a very basic piece on the Social Security program that is short and to the point. But Ashlyn Brooks did just that in this Business Insider piece. She explains both the retirement and…
4 Unexpected Ways You Could Lose Social Security Benefits
What you get for Social Security is based on what you put in– there’s a formula that uses one’s 35 highest years of work. But Katie Brockman notes there are some situations where one could lose some of that. Forewarned…
Tom Brady isn’t the only one ditching retirement to return to work
Millions left the workforce in 2020. Roughly 2.6 million Americans retired earlier than expected between February 2020 and October 2021. But now, employer demand and newfound flexibility, along with a jittery stock market, are drawing many early retirees back into the workforce…
Younger workers likely to see less generous Medicare & Social Security
It’s a fact that the trust funds are nearing depletion for both Medicare and Social Security. But too few politicians wish to even address the issue. Sen. Mitt Romney (R-UT) suggests cutting future benefits for those not yet receiving them,…
What to know about reopening of Social Security field offices
In early April Social Security Administration (SSA) field offices are due to reopen after being closed for two years due to the COVID-19 pandemic. A rush of visitors is expected. During the shutdown, most public services for the program were restricted…