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Medicare Annual Enrollment Period is Just Around the Corner
It’s never too early to start planning for your needs, especially those involving your well being and your healthcare. Although it’s only August, the Medicare Annual Enrollment Period (AEO) is fast approaching, which means it’s time to evaluate your current healthcare…
Are You Missing Out on Free Retirement Money?
Many employers offer what’s commonly referred to as a “401(k)” plan which allows an employee to contribute pre-tax dollars to their future retirement savings, with the employer also contributing a percentage of the employees contribution. Sometimes an employer will even match…
You Can Stop Your Social Security Payments, But Why Would You?
Generally speaking, once you claim your Social Security benefits you’re stuck with them, including the size of your benefit. But the reality of life is that sometimes things change, and Social Security does have rules which permit you to stop…
Predictions for a Big COLA Increase in 2022
Although it’s too early to say with certainty, all indicators point to the biggest Social Security Cost of Living Adjustment (COLA) in decades. That’s certainly good news on the surface for seniors relying on Social Security, but it also means…
The Case for Claiming Social Security at 62
Let’s face it – deciding when to claim Social Security can be confusing. There is an 8 year window during which you can apply, and your age when you do plays a big part in how much you get. Most know…
Home Healthcare For Seniors
In this “Savvy Senior” article by Jim Miller appearing in The Daily Citizen, the author takes on a question about whether Medicare will cover home healthcare expenses for a largely disabled senior with chronic health condition that makes leaving the…
About Working While Collecting Social Security Benefits
It’s just a fact of life these days that many who retire from their primary career may later take another full-time or part-time job to maintain their standard of living, or simply because they’re bored. Social Security usually plays an important part…
How to Score a $3895 Social Security Benefit
Well, full disclosure up front – $3895 is the maximum Social Security amount available to anyone first claiming their benefit in 2021, but not many will be able to achieve that maximum. Unfortunately, far too many people don’t starting thinking…
Are these problems weighing down your 401(k)?
With their high contribution limits, the ease of contributions, and possible employer match, 401(k)s are considered to be one of the best retirement savings accounts. However, there are some drawbacks you should be aware of before deciding if it’s the…
Factors to help you calculate your retirement income
We all know we should save for retirement, but how much? No one breaks down what a retirement nest egg should look like since your needs are unique and no two retirement incomes are exactly the same. Almost nine out…