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Life Expectancies on the Rise…What’s the Social Security Connection>
As we’ve been saying for quite a few years, people are living longer in retirement. In fact, as The Motley Fool’s Mairie Backman notes in her post on fremonttribune.com, the national average life expectancy increased for the fifth straight year. On…
Medicare will not cover your dental care
People over the age of 65 retain some of their natural teeth; older people are at higher risk of gum disease, tooth decay, oral cancer, and tooth loss. There’s an association between gum disease and conditions like heart disease, stroke,…
What does it mean to have “enough” in retirement?
What does it mean to you to have “enough” in retirement? Everyone wants a happy and secure retirement with enough money to live the “good life“ for rest of their lives, but will you reach that ideal benchmark? Yes, we…
Did your 401(k) withdrawal cost you $46,000?
The CARES Act helped out those affected by COVID-19 by loosening the normal restrictions on 401(k) withdrawals, but months later, those distributions have turned out to be vastly more expensive than anyone would have predicted. Why? After the market crashed…
Beware of Scams During this Holiday Season
(Source – www.blog.ssa.gov) We continue to receive reports about scam phone calls and emails from people claiming to be Social Security employees. Don’t fall for it. Those calls and emails are from scammers trying to trick you into providing personal…
Staying on top of your Medicare
As 2020 is coming to a close, it’s important to ensure you stay on the best track for a new year. If you are on Medicare there are some things you should do so you can make sure you don’t…
What it takes for a successful retirement
It’s great that many people are living much longer lives than our ancestors but on the other hand, it is not easy to be financially secure, physically healthy and emotionally fulfilled for 25 to 30 years in retirement. With the…
Will retirees receive a second stimulus check?
Lawmakers have finally reached a tentative deal; waiting for the president’s signature, to authorize the issuance of a second coronavirus related stimulus check to qualified recipients. The direct payments are intended to help individuals and families cope with the economic…
Experts weigh-in on what we could expect from Social Security in 2021
With the coronavirus pandemic, slowing economy, fewer people working to help pay for the program, and more people retiring and claiming Social Security, the more people worry about the longevity of this federal program. In Ginger Szala’s article for Think…
What is Medicare?
Medicare is a federal health plan for people aged 65 years and over that was signed into law in 1965 by the late president Lyndon B. Johnson. Over the years it has expanded to add Medicare Part C or Medicare…