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Will you retire to run your own business?
If you are thinking about running a business in retirement, experts strongly suggest starting it while you’re still working full-time. By starting while you are still working, you can see what your time commitment will be and understand what your…
How the Secure Act may affect your retirement account
Due to congressional approval of the Secure Act, if you turn 70 ½ after 2019, you can now wait until you are 72 to start making those mandated annual withdrawals from your retirement accounts. Along with age requirement, the updated…
Retire when you want according to people who have done it
We are reminded that retirement is more than just leaving work and retiring on your terms takes planning. But where do you start? The attached article gives eight pieces of advice to help you retire when you want by people…
How to fix it when you realized taking your benefit early was a mistake
In Liz Weston’s article, she answers a reader’s question on difference between rescinding their application or a “do over” and suspending their Social Security benefit. She explains you could use these two potential ways to fix the mistake if you…
Medicare costs going up in 2020
In order to keep pace with cost increases, the premium and deductible for Medicare Part B is going up in 2020, and Medicare Part A deductibles and co-payments are also going up. Although Medicare Part A, hospitalization coverage, is premium…
Important basic rules about Social Security
Social Security is sometimes viewed as a complex maze of rules and regulations, confusing to most and understood by few. But putting all of the myriad of intricate other rules aside, there are a few very basic things which are critically…
Retirement planning, when you still have years until retirement
Probably the most important element to see how much savings you’ll need for retirement is figuring out how much money you’ll spend in each of your so-called “golden years.” And trying to estimate your retirement income needs far in advance of retirement is, of course, difficult…
Social Security fraud: online reporting now available
With a commitment to reduce the amount of Social Security fraud, the Office of the Inspector General has announce a new online form with which to report telephone scams and any other fraudulent activity connected to Social Security. Telephone scams have become pervasive across…
Social Security Basics – a 2020 Guide
Social Security is, or will be, one of the most important sources of retirement income for most Americans. But unfortunately, far too many of those who do or will rely on Social Security don’t take the time to understand even…
Look out for more scammers in 2020!
Although 2019 proved to be a hideously bad year for seniors who fell victim to cyber-crime and telephone scams, 2020 is unfortunately expected to be even worse. Seems there is no limitation to the resourcefulness and tenacity that scammers will…