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Taxation of Social Security Benefits
Even though the Big Beautiful Bill includes an additional $6.000 deduction for seniors 65 or older, it did not eliminate the taxation of Social Security benefits. Depending on your income, you may still have to pay taxes on a portion…
Increase in hospital days by Medicare Advantage members
In 2025, 54 percent of eligible Medicare beneficiaries are enrolled in a Medicare Advantage plan. This trend will impact healthcare providers since Medicare Advantage plans ‘reimbursement differs from traditional Medicare. How will this affect hospitals and beneficiaries? First, almost all…
Non-Working Spouses and Social Security
If you are currently married, or an ex-spouse who was married for at least ten years, you can get a spousal benefit whether you worked or not. If you were a stay-at-home spouse who stayed home and took care of…
The rising cost of health care for Medicare beneficiaries
The cost of health care for Medicare beneficiaries is rising. A recent analysis by the Kaiser Family Foundation found that 7 million Medicare beneficiaries spent more than 10 percent of their annual income on Medicare Part B premiums in 2024.…
How To Receive a Paper Social Security Check After September 30th, 2025
An executive order titled “Modernizing Payments To and From America’s Bank Account” was issued by the President in the first quarter of the year to phase out paper checks to and from the government. You will still be able to…
New Social Security Scam Going Around
A new Social Security scam is going around in Michigan. These emails claim they will help you get your Cost of Living Increase (COLA). Your COLA is automatically applied each year by the Social Security Administration (SSA). As the scam…
Does it pay to delay taking your Social Security Benefits?
The current retirement age for anyone born in 1960 or later is 67 years old. The reduction for taking your benefit at age 62 is 30%. If you delay taking your benefits until age 70, your benefit will increase by…
The Big Beautiful Bill Did Not End the Taxation of Social Security
The taxation of Social Security benefits has not ended; however, you may see your taxes reduced. According to Social Security, an average of 56% of Social Security beneficiaries currently pay taxes on a portion of their Social Security benefits. As…
Is your money safe from criminals
Seniors lost nearly $4.8 billion in 2024 after falling victim to scams, according to a recent FBI report. Older Americans made up the majority of victims of investment fraud. Criminals know retirement funds usually contain a large amount of money,…
What is the biggest threat to your retirement
We are all aware that Social Security is facing an insolvency issue if Congress does not act by 2034. If no action is taken by lawmakers, then Social Security may have to cut benefits by 19 percent. But what if…