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How to handle your money and your emotions during this crisis
Are you having doubts about retiring in the middle of a pandemic and financial crisis? You are not alone. Even people who have a sound financial plan are hesitant see their retirement plans through at this time. If you are…
U.S. Court gives Medicare patients a new right to challenge denials of coverage
The U.S. District Judge Michael P. Shea delivered a victory to Medicare beneficiaries by giving them a right to challenge denial of benefit decisions that for years have left elderly patients struggle under medical bills. In a class action suit…
Why good credit matters to retirees
For most people, having good credit is something they want to aim for at all stages of life; however, some people don’t think about how important good credit is when you reach retirement. When you retire, you want financial peace…
Should Congress allow temporary Social Security benefits?
In Ric Edelman’s, the chairman and co-founder of Edelman Financial Services, LLC, column for Forbes, he suggest “ that Congress should immediately pass legislation to permit Americans age 62 and older who have not yet started receiving Social Security retirement…
The CARES Act passed the Senate awaiting the House vote
The 883 page bill, titled the “CARES Act” which includes thousands of dollars in direct payments to most Americans and loan packages designed to help keep small businesses and corporations afloat passed the U.S. Senate late Wednesday night. The House…
Savers now have to July 15th to make your contributions
The Treasury Department and the IRS are giving taxpayers until July 15 to file their 2019 tax returns and pay taxes owed for the last year and first quarter of 2020 due to effects of the coronavirus (COVID-19). For filers,…
Suspending the Social Security payroll tax will not solve the problem
In a MarketWatch opinion piece by Alicia H. Munnell, director of the Center for Retirement Research at Boston College, she discusses why the president’s proposal for a Social Security payroll tax cut is not the appropriate response to the COVID-19…
If you lose your job should you take your Social Security benefits early?
Due to the coronavirus (COVID-19) millions of Americans are about to lose their jobs and those with stocks have lost 35 percent of their accumulated value over the past weeks. But every household is different, and for those who have…
How Much Could Medicare Beneficiaries Pay For a Hospital Stay Related to COVID-19?
The Henry J. Kaiser Family Foundation, a non-partisan source of facts and analysis, have analyzed how much Medicare beneficiaries could pay out-of-pocket for an inpatient hospital admission under traditional Medicare or Medicare Advantage plans if they were hospitalized due to…
Understanding Medicare enrollment
Medicare is a government health insurance program for people 65 and older. It contains four parts plus an additional option of getting a Medicare Supplement insurance plan. To help you pick the right plan for your healthcare needs, it is important…