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Planning for Retirement – Thoughts on Avoiding Mistakes
Planning for retirement is not an easy thing. There are many missteps one can take along the way that could detract from reaching the goals you’ve set, and it’s often good to consider sage advice from those knowledgeable in the…
Your Social Security Benefit – How to Beat the Average
Roughly $1550 per month…that’s the average Social Security Benefit payment these days. So, how can you set yourself up to exceed that figure when you reach retirement? There are some basic factors on which you can focus to achieve a…
About Medicare’s “three day rule” for Skilled Nursing Home Coverage
As if Medicare’s various rules regarding healthcare aren’t already complicated enough, the so-called “three day rule” adds yet another level of confusion for those needing skill nursing care. The base rule is this: for Medicare to cover your stay in a…
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…