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How to file an appeal if your Medicare Advantage Plan doesn’t cover an item or service
If you have a Medicare Advantage Plan, you know it covers a lot of items and services, like prescription drugs, diabetic test supplies, cardiovascular screenings, and hospital visits. But, what should you do if your plan won’t cost an item…
Three ways to apply for Social Security
Millions of baby boomers are ready to retire but the recent coronavirus pandemic may make the process more difficult, especially if you need to go into a physical office to open the account. If you are approaching retirement and you’re…
What you should consider before you claim Social Security
When to claim your Social Security is no casual decision. There are some factors you will want to consider years in advance. You may want to consider how long do you think you will live? Will you keep working? If…
Is claiming your Social Security benefits at 62 a smart move?
Do you know what the perfect age is to claim Social Security benefits? Although age 62 is the most popular age to sign up for Social Security, it also comes with financial consequences. When you file at your full retirement…
Understanding Social Security’s “COVID-19 Notch”
The American economy’s devastation at the hands of the COVID-19 pandemic has created an extraordinarily negative situation for some working families, says The Hill opinion contributor Nancy Altman. This situation has been labeled the “COVID-19 notch” and basically is the…
Filing for Benefits At Age 65 Might be a Compromise
The decision of when to file for Social Security benefits–as early as possible (age 62) or as late as practical (age 70)–is a tough one for many folks. Each end of the spectrum has its good and bad points, like…
Questioning a Retirement “Rule of Thumb”
You’ve probably seen it somewhere in your research: You’ll need 70% to 80% of your pre-retirement income to live comfortably (however you define that term) in your “golden years.” While that may be true, the reality is, according to conclusions…
The Importance of Compromise in Resolving Social Security’s Financial Dilemma
So much has been circulated in the media for so long regarding Social Security’s solvency issue that one has to wonder why a solution is so illusory. In a post today on their website, The Motley Fool’s Sean Williams summarizes…
The Retirement Savings Scene–At Last Some Positive Signs
Quite a bit has been written about the inadequate levels of retirement savings in the financial plans for future retirees. The predictions have been dire, with the popular notion that current workers are just not taking heed of the warnings…
Wondering About This Year’s Social Security COLA Calculation?
Many folks are well aware that the July-September Consumer Price Index figures determine the cost-of-living adjustment that finds its way into their Social Security benefit payment if, of course, the calculation yields a positive result. With the coronavirus wreaking havoc…