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2 Pieces of Bad News for Social Security Retirees
Christy Bieber explains how the 5.9% cost of living adjustment due to all beneficiaries in January has some pitfalls nonetheless. First, new inflation numbers report price spikes of 6.2% year over year. Second, Medicare premiums are rising 14.5%. While monthly…
Survey: Alarming Percent of Americans Don’t Understand Social Security
This, of course, isn’t really new news, because Social Security is an exceedingly complex program with over 2,700 rules explained in over 100,000 website pages at the Social Security Administration. But while knowing all, or even most of those rules…
Next Up: The Medicare Advantage Open Enrollment Period
Just as you thought those incessant TV ads would stop when the annual Medicare Open Enrollment Period ended on December 7th, guess what? Starting on January 1st and lasting until March 31st, another special Medicare Advantage open enrollment period gives…
Time for a Year-end Retirement Plan Review
As most of us know, periodic review of our retirement plan is needed to make sure we’re on track for the future. But as the end of the year approaches, it’s especially important to understand that there are financial opportunities…
Getting Your Retirement Plan Back on Track
The last couple of years have wreaked havoc on many retirement plans, what with COVID-induced employment (or un-employment) issues. But now, as our economy struggles back to its feet, it’s a good time to take a deep breath and reassess…
Turning Your Retirement Savings Into Income
You’ve worked hard all of your life, diligently saved for the future, and now the future is here and it’s time to transition into your “golden years.” So how do you take that big nest and turn it into an…
Here Comes the 2022 Cost of Living Adjustment (COLA)
Much recent news has heralded the big COLA increase coming in 2022, but not a lot has been written about what that will mean in dollars for the average Social Security recipient. This SILive.com (Staten Island, NY) article by Jessica…
Prioritizing Retirement Savings
As we approach the new year, now is a good time to review your approach to retirement savings, even if you’re still some years away from hanging up your work clothes for good. As you may know, Social Security isn’t…
Thinking of Retirement in 2022? Read this
In this Motley Fool article, contributor Maurie Backman suggests that if you’re thinking about retiring in 2022, you may want to revisit whether that is really a good idea. The COVID-19 pandemic is still with us, and a new variant…
The Debate on Reforming Social Security Continues
Almost seems like the old movie “Groundhog Day,” where the same day was relived over and over again. Yesterday Congress discussed the latest Social Security reform proposal – The Social Security 2100 Act recently introduced by Rep. John Larson (D-Conn).…