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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…
How much pre-retirement income does Social Security replace?
Social Security benefits are an important source of retirement income; however, for some elderly Social Security beneficiaries, 21 percent of married couples and about 45 percent of unmarried persons rely on Social Security for 90 percent or more of their…
Do you know your FRA?
When it comes to Social Security there is one important number you need to know: your full retirement age, or FRA. So why is this number so important? Knowing this number will make the difference between reducing your monthly benefit…
Tips to maximize your Social Security benefits
We all want to maximize our Social Security benefits but where to begin. In Will Kenton’s article for MoneyTalksNews, he writes about Mary Beth Franklin’s, a nationally recognized expert in Social Security claiming strategies, six insider tips for getting the…