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About Working After Claiming Social Security
In this Nasdaq.com article, contributor Maurie Backman discusses an increasingly common phenomenon – working after claiming Social Social Security benefits. No question that working after retirement is a great way to improve your economic status and prevent drawing down your…
Public employees and Social Security
Public service employees in 27 U.S. states may be affected by either or both of two Social Security provisions which will reduce their SS benefits earned outside of that employment. Those provisions, known as the Windfall Elimination Provision (“WEP”) and the…
Beware of Coronavirus Medicare Scams
Cyber criminals, too, believe in the philosophy to “never let a crisis go to waste.” And so, with the COVID-19 pandemic in full swing, we probably shouldn’t be surprised that there is an upswing in the number of Medicare scams…
Will Another Economic Relief Package Include SS Recipients?
The first round of economic relief due to the COVID-19 pandemic disbursed stimulus payments to, among others, Social Security beneficiaries whose income qualified them for such payments. All the buzz in Washington, D.C. these days is that Congress is actively…
Will the Pandemic Affect Social Security And Medicare?
Even before the pandemic ravaged the American economy, both Social Security and Medicare were headed for financial issues, as recently reported by the Board of Trustees for both programs. Social Security’s Trust Funds were expected to be depleted in 2035,…
Should You Take Social Security Early?
Most Social Security advisors will suggest that waiting to claim your Social Security benefits is the best way to increase your benefit amount. And that is, indeed, true. But, life is full of realities where waiting until a later age…
CMS announces changes to Medicare Advantage and Part D to provide better coverage
On May 22, 2020, the Centers for Medicare & Medicaid Services finalized requirements that will increase access to telehealth for seniors in Medicare Advantage (MA) plans, expand the types of supplemental benefits available for beneficiaries with an MA plan who…
A majority of Americans will be working retirees
A recent survey found 74 percent of Americans intend to have a job during retirement. There are several reasons why holding down a job in some capacity as a senior is beneficial: making up for limited savings or compensating for…
What is the best retirement advice?
Although it’s fun to strike it rich with a stock pick, that’s not usually the best path to success in a retirement plan. Eric Rosenberg (a former bank manager and corporate finance and accounting professional) says his best retirement investment…
Do you have enough money saved for a comfortable retirement?
According to Blacktower Financial Management Group, to have a comfortable retirement the average working American needs to save at least $386,100. Blacktower estimates that a person would need 75 percent of their starting salary per year in retirement. This means…