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The fallacy of Presidential candidates’ Social Security plan
As part of their campaign promises, Presidential candidates Bernie Sanders and Elizabeth Warren are proposing significant increases in Social Security benefits for all beneficiaries. According to the candidates, their proposals are based upon a principle that it’s too hard for seniors…
A new twist on Social Security scams
Scams about Social Security and the IRS have been around for quite a while now and we frequently warn of them on this website. The latest twist is scammers who call and claim to be able to either suspend or…
It’s time to review your Medicare Advantage and Part D Prescription Drug plans
Medicare’s Open Enrollment period is upon us. Open enrollment is the period of time between October 15th and December 7th when you have the opportunity to review, and change, your enrollment in “original” Medicare, Medicare Advantage, and Part D prescription drug…
Newly proposed WEP legislation portends Social Security’s future
The Windfall Elimination Provision (WEP) reduces Social Security benefits for over 2 million government retirees with pensions from Federal, State or local government employers who didn’t participate in (contribute to) the Social Security program. Those affected worked enough outside the…
How to Increase your Social Security benefit
For most Americans, Social Security will play an important, if not crucial role in their retirement plan, so it makes a lot of sense that getting the largest benefit possible should be a part of your retirement planning process. The rules are…
Becoming a parent again when you are near retiring
There are roughly 2.6 million grandparents who are the primary caregivers for grandchildren in the U.S, according to Generations United, a nonprofit inter-generational advocacy group. Becoming a parent again is not one of the expenses discussed with near-retirees, but the…
More workers are leaving their money in their former employers 401(k)
According to Fidelity data on its workplace retirement accounts, 55 percent of workers are choosing to leave their assets in their former employer’s 401(k) plan a year into retirement, and then they sometimes touch those accounts for another few years.…
Social Security for future generations of Americans
We are all aware that, starting next year, Social Security is entering a new era; benefits will be sustained not only by current payroll taxes but also by withdrawals from reserves accumulated over the last three decades. In the attached…
What You Should Know About Applying For Retirement
(Source: Social Security Administration) Approaching and preparing for retirement can be a daunting task, but we are here to make it as easy as possible. Social Security has eliminated the forms, signatures, wait time, and appointments. We made it easy,…
Why you should sign up for an FSA or HSA
According to a survey of nearly 2,200 U.S adults by Morning Consult and CNBC, only about 13 percent of Americans currently have a FSA account and only about 17 percent have an HSA. Health experts say these accounts are a…