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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…
Understanding how Social Security fits into your retirement
It’s a disturbing commentary that so many retired people are highly dependent on Social Security to make ends meet. Indeed, nearly half of all single beneficiaries rely on Social Security for at least 90% of their retirement income. The good news, of course,…
Waiting to claim benefits can be a very smart move
The rules are actually pretty simple – claiming Social Security before your full retirement age will result in a cut in benefits, and delaying past your full retirement age (FRA) will get you a bigger benefit for the rest of your…
The maze that is Medicare Part D drug coverage
Choosing a Medicare Part D prescription drug plan appears, on the surface, to be a fairly simple process. There are a lot of insurers who offer that coverage, and it should simply be a matter of aligning your prescription drug…
A New Reality: Working in Retirement
Not so many years ago, the word “retirement” created images of a life of leisure without working. But that image, for many, has now shifted to include working, at least at some level, well into their golden years. Although the…
Social Security expanding services in 2020
Starting in January 2020, Social Security offices nationwide will be open on Wednesday afternoon, replacing the old operating hours which had offices closing Wednesdays at 2:00 PM. And also in 2020, Social Security will be adding about 1,100 “front line”…
Changes coming for Social Security, Medicare and retirement savings
Changes are inevitable with each new year, and 2020 will be no different. And while most of the coming changes will be positive, another might offset one of the other benefits. Case in point is that those on Social Security will…