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Oh No!! Time to go back to work?
It may be akin to heresy to suggest it after you have retired, but going back to work might just be in your future. The reality is that inflation, though somewhat eased, still casts its insidious effect on consumer prices.…
More on Social Security Solvency
In this brief, but sobering, article by Rachel DePompa at FOX8News, the author reveals that 4 out of 5 retired American rely on Social Security to pay their monthly bills. This fact, when viewed in the context of Social Security’s…
A 401(k) primer
The 401(k) has become one of the most important vehicles for amassing retirement income, but far too many younger workers do not understand how important these plans are. Basically, a 401(k) is an employer-sponsored tax advantaged savings plan which enables…
Can your Social Security benefit be garnished?
Well, the answer is that Social Security is usually not at risk for garnishment by most creditors, but “usually” isn’t the same as “always.” If you owe the IRS money for back taxes, or you owe the Social Security Administration…
Medicare Advantage or Traditional Medicare? Choose Carefully!
If you’re of Medicare-age (over 65), you likely know that you have two main choices for your healthcare – traditional Medicare, or a Medicare Advantage plan. Medicare Advantage, also known as “Medicare Part C,” is healthcare coverage from private insurers…
Important Medicare Information
Medicare can be a confusing topic, and if you are on the cusp of age 65 (and thus soon eligible for Medicare), there are some really important things to know. First is the difference between “original Medicare” and “Medicare Advantage”…
Which Social Security 2026 Change will hurt the most?
Well, you may be surprised to see that this Motley Fool article by Keith Speights suggests that the 2026 Social Security change that will hurt most is the 2.8% Cost of Living Adjustment (COLA). But how can an increase in…
Do You Know Your COLA?
“COLA” – the annual Cost of Living Adjustment – is an important financial factor which most seniors look forward to each year with considerable anticipation. Especially due to recent inflation, COLA is how we can all keep up with rising…
2026 Healthcare Costs Going Up!
I guess it’s not terribly surprising that healthcare costs, along with most other living expenses, are going up next year. And, for healthcare, those increases are significant – from the Medicare premiums seniors must pay for their coverage, through the…
Delaying Social Security: Risk vs. Reward
Most financial advisors will suggest that waiting for a higher Social Security benefit is a wise strategy, yet very few seniors actually heed that advice. In fact, only about 10% of all SS beneficiaries maximize their Social Security benefits by…