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SOAR Programs and Social Security
(Source – blog.ssa.gov) National Network for Youth (NN4Y) is dedicated to transforming systems so that no young person in America experiences homelessness. In the United States, roughly 4.2 million young people— one in 10 young adults ages 18 to 25…
Curious about Medicare Advantage?
Are you turning 65 this year and confused about Medicare and Medicare Advantage; you are not alone. It is good to educate yourself on Medicare, usually referred to as original Medicare and Medicare Advantage. Both have their pros and cons…
With the new year comes some changes to Social Security
New Year, a new Social Security program; some parts of it anyway. Every year, changes happen to Social Security automatically, which helps recipients of this program keep up with the cost of living. Kailey Hagen reports on the three changes…
Is it possible to lose some of your Social Security?
As part of the “three-legged” stool of retirement planning, Social Security should play an equally important role along with pensions and retirement savings; however, for some people, Social Security is the only leg of that stool. So, it is essential…
Is Medigap worth the cost?
Medicare Supplemental Insurance, commonly referred to as Medigap, covers two out of ten Medicare recipients, according to the latest analysis by the Kaiser Family Foundation. Medigap policies, sold by private insurance companies, cover Medicare Parts A and B cost-sharing requirements.…
What you should know about Social Security
The Social Security Administration states more than 50 percent of seniors aged 65 and above rely on Social Security for more than half of their monthly income. Another report finds that 40 percent of older Americans rely only on Social…
Getting the max Social Security benefit isn’t easy, but it’s doable.
The Social Security Administration states the maximum monthly benefit is $4,873 for 2024. So, how do you achieve this amount; is it even achievable? If you follow a few steps during your working career, you may be able to receive…
Did you hear about a Medicare Flex Card?
You may have heard the term Medicare Flex Card used in the recent Annual Open Enrollment, but what is it, and can I get one? First, the federal government does not issue these cards; it is a benefit available to…
How long do I have to pay FICA?
One question asked by Social Security recipients who are still working is whether they have to pay Social Security taxes. Yes, unless your wages exceed the wage cap for 2024. Maurie Backman explains who will be paying Social Security taxes…
The pros and cons of starting at 62
You can begin your Social Security retirement benefits early at 62, the most popular age. If you decide to start receiving benefits early, they are reduced, but if you wait until you reach your full retirement age, you are entitled…