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A Seemingly Positive Change with a Negative Outcome?
President Donald Trump has proposed eliminating taxes on Social Security income. It sounds like a great idea, but the consequences need to be considered. Those taxes are an important income for the Social Security Trust Fund. Congress is unlikely to…
5 Key Facts about Medicaid Eligibility for Seniors and People with Disabilities
Options under consideration in Congress to reduce Medicaid spending by nearly one-third in future years could have major implications for seniors and people with disabilities. Nearly 1 in 4 Medicaid enrollees are eligible for the program because they are ages…
Retirement Planning 2025–Secure 2.0 Changes to be Aware of
The ongoing implementation of features included in the 2022 Secure 2.0 Act brings several new provisions this year that can affect retirement planning. From automatic enrollment in retirement plans to a quicker availability for part-timers to participate in 401(k) plans,…
Are You 65 Or Older and Need Medicare Part B? Sign Up Now Through March 31
(Source: SSA.gov) If you’re 65 or older and didn’t sign up for Medicare Part B during the automatic, initial or special enrollment periods, now’s your chance. You can sign up for Part B (medical insurance) during the annual Medicare General Enrollment…
Unretiring? Make sure you understand the Implications for Social Security & Medicare
The chaotic years of the COVID pandemic led to many folks leaving the workforce earlier than planned. Now that the landscape has leveled, many are rethinking that decision and looking toward rejoining the workforce. As indicated in a ThinkAdvisor post…
SSA Under Pressure to Expedite HR 82 Implementation
In a display of bipartisan interest, a coalition of 28 Senator this week issued a letter to Social Security Acting Commissioner Michelle King expressing concern that “… it might take the agency more than a year to implement an expansion…
Social Security Seems to be Playing a Greater Role in Finances of the Newly-Retired
A recent survey by the Employee Benefit Research Institute (EBRI) revealed that younger retirees–those who entered retirement at ages 62 and 63–depend on Social Security for about two-thirds of their income, compared to about half for retirees now in their…
The Importance of Verifying the Data SSA Has in Your Record
The Social Security Administration (SSA) maintains records of our work history, along with the earnings history and a record of the taxes you’ve paid for both retirement benefits and Medicare coverage. Using this information, SSA develops benefit data for you…
Suggestions for Reducing Social Security Spending
American Enterprise Institute senior fellow Mark J. Warshawsky, also a former Social Security Administration senior official, yesterday offered opinions on how and where President Trump and the Department of Government Efficiency (DOGE) should focus cost-saving efforts. His post, appearing on the…
5 Things Nobody Told You About Medicare
When you become eligible for Medicare, there’s a lot to learn in a short amount of time. Moreover, there’s many things that no one tells you, like when you can apply for Medicare or how much it costs. But don’t…