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Supersizing your Social Security Check
Social Security is a lifeline for seniors, but it replaces a mere 40% of pre-retirement income. That makes it all the more important to maximize one’s monthly check– for life. How does one do that? Simple: wait to start collecting.…
What To Do With Your 401(k) When You Change Jobs
The 401(k) has become one of the most popular investment vehicles for retirement planning, and many Americans take advantage of this type of plan if offered by their employer. But the rules surrounding 401(k) plans are tricky, especially if you…
About Saving Medicare
Although less reported on than the looming Social Security financial issues, Medicare – our national healthcare plan for seniors – is also facing some pretty troublesome financial times in the near future. The most recent report from the government predicts…
The Insidious Effect of Inflation
It’s hardly new news that soaring inflation has hurt nearly every American, but inflation’s insidious effect on seniors is especially acute. True, Social Security benefits were bumped up by 5.9% starting in 2022, but that was partially offset by an…
Senate Bill to Help Victims of Social Security Identity Theft
Identity theft victims who have had their Social Security benefits highjacked by scammers have struggled to find solace or assistance within the Social Security Administration. Stories about about the simple difficulty of getting through to Social Security, much less finding…
Key Social Security Factors To Know Before Claiming
Social Security is a labyrinth of complex rules and regulations which can boggle even the best academic minds. And that complexity alone can cause some to throw up their hands and simply claim their benefits as soon as they’re eligible…
About Maximizing Your Social Security Payment
Sure, everyone wants to “maximize” their Social Security payment, but very few know how to do that and even fewer are able to. The maximum Social Security payment for 2022 is $4,194 per month, but to get that you would…
Benefits for Disabled Minor and Disabled Adult Children
Disabled children, among the most vulnerable Americans, may be eligible for a wide range of federal and state benefits, including some via the Social Security Administration. Special consideration is given to minor children who are disabled, but benefits can also…
Rethinking Retirement Planning
It seems like retirement planning always comes down to a) “how much do I need to save for retirement?” and b) “how should I take from my savings so that I won’t run out of money before I die?” On…
Social Security’s “Full Retirement Age”
Social Security’s “full retirement age” (FRA) has been gradually increasing for years, despite some still incorrectly thinking that 65 is the age at which full benefits are paid. A Social Security law enacted in 1983 set into motion the future…