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Will You Outlive Your Retirement Nest Egg?
A fairly large percentage of older Americans fear that they will outlive their retirement nest egg, which would make for a pretty uncomfortable – if not dire – situation in later years. Those fears may be pretty well founded, unless…
Part B premium reduction give back plans
What is the “giveback” benefit and how do I qualify for it? First, a Federal regulation allowed Medicare Advantage plans to receive a reduction in its payments, which in turn helps to fund the giveback. In 2021, there will be…
How to avoid falling victim to a Social Security scam
Social Security scams are up and fraudsters are not letting up even during the pandemic. In the past three months, 47 percent of Americans have experienced an attempted Social Security scam and 21 percent of seniors report that they have…
Ask your retired relatives about their retirement
If you will be Zooming this holiday season with your older relatives and friends and wondering what you’ll talk about? One suggestion is to ask your retired elders how they are doing in their retirement. You could learn valuable lessons…
Seek wealth for a relaxing retirement
Americans are more concerned about retirement security than they were a year ago according to a recent survey by SimplyWise. The survey reports 71 percent of Americans over 70 are worried their Social Security benefits will decline. And almost 50…
Social Security is vitally important to women
Nearly 55 percent of the people receiving Social Security benefits are women. More women work, pay Social Security taxes, and earn credit toward monthly retirement income than at any other time in our nation’s history. According to the Bureau of…
Know the details of your IRA
An individual retirement account (IRA) is a well-known retirement saving vehicle but do you know an IRA can come in either pre-tax or post-tax variety, and may or may not be connected with your current employment status? These details of…
Important information about this alternative to original Medicare.
In 2020, 36 percent of all Medicare beneficiaries – 24.1 million people out of 67.7 million Medicare beneficiaries overall – are enrolled in Medicare Advantage plans. Although Medicare Advantage plans can be more cost-effective than original Medicare, you’re limited to…
Seventy-four percent of workers now plan to work in retirement
In their newest bi-monthly study by SimpleWise, personal finance technology company, it found the current political and economic environment have left many feeling uncertain about retirement plans and savings. At the pandemic high, 74 percent of workers now plan to…
Are you prepared to pay for these healthcare expenses Medicare will not cover
Medicare provides health insurance for 53.9 million retirees. While it will cover some of the costs of medical services, it won’t pay for all of the healthcare you’re likely to need throughout your retirement. There are five common types of…