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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…
Simple Social Security mistakes that will hurt you badly
The age at which you claim your Social Security benefits is among the most important financial decisions you will make in your lifetime. Unfortunately, far to many people cavalierly claim benefits without really evaluating the financial impact of their decision.…
Don’t torpedo your retirement by making these mistakes
Social Security was never designed to provide all of your retirement income, but nevertheless far too many people today rely on the program for a big part, or most, of their money in their so-called “golden years.” Per the Social…
Rising full retirement age means reduced benefits for some
In a somewhat hyperbolic approach to what is actually happening, this Motley Fool article by Dan Caplinger positions changes implemented decades ago to keep Social Security solvent as “stealth cuts” which progressively impact those turning 62 today worse than those…
More on Social Security’s Solvency Crisis
It’s not a new topic by any means, and there’s much talk these days about what will happen in just 15 fast-moving years if Congress doesn’t act to correct the problem. And here’s another informative post by PolitiFact senior correspondent Jon…
“Know Your Social Security Act” Will Help You Plan
A bill introduced in Congress by Rep. John B. Larson (D-CT) will go a long way toward ensuring that Americans thinking about their retirement years will have the information they need to plan effectively. The bill has bipartisan support. In the…