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Does Medicare Pay 100% of COVID-19 Charges?
It’s pretty well known that Medicare is supposed to pay 100% of the cost of getting the COVID-19 vaccination, but some seniors have run into situations where they’ve been charged a co-pay when getting the vaccine from a doctor. The…
Can You Save Too Much For Retirement?
Can you save too much for retirement? Well, of course, the answer is no – as long as you don’t run afoul of IRS rules for tax-advantaged savings. The IRS limits how much money you can sock away each year…
Catching Up On Your Retirement Savings
It’s an unfortunate fact that many Americans haven’t saved enough for retirement. Of course, everyone’s retirement needs are different, but there’s no doubt that the larger your nest egg the more comfortable your retirement will be, so even if you’re…
You Can’t Retire On Social Security Alone
It may sound trite, but you’re not going to be able to retire with Social Security as your only income. Financial advisors nationwide will tell you that you’ll need about 80% of your pre-retirement income to be comfortable in retirement,…
Social Security Isn’t Going Bankrupt
Despite all the gloom and doom you may hear in the media, especially during election cycles, there is no danger of Social Security going away as feared by many young people now early in their careers. By original design, Social…
Social Security Scammers Still On The Prowl
In these electronic-centric times we live in, it seems there is no end to the nefarious methods cyber criminals will resort to in order to scam you out of your money. The latest method is to use fake ID badges to…
Retirement Myths That Will Hurt
It’s unfortunately true that many Americans don’t give a lot of detailed thought to their “golden years,” especially to the extent that they do any advanced planning. Those folks may also generally be lulled into a laissez-faire attitude about retirement…
Must-Read Biden Quote on Social Security
Christy Bieber notes President Biden has been busy pushing legislation and signing executive orders but has been absent on pushing reform for one very critical program that sorely needs it– Social Security. Bieber focuses on this quote from his 2020 convention…
Retirement Myths Could Ruin Your Senior Years
Maurie Backman notes retirement planning should take many years of preparation. The danger for so many is buying into one or more of these three myths, all of which are false and can derail a secure retirement. 1.) You don’t need…
Declining U.S. birthrate has implications beyond Social Security
That families are having fewer children means fewer people paying into Social Security, and thus a crisis in the offing in about a decade, has been known for some time. This op-ed by Megan McArdle of The Washington Post explains declining birthrates…