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You’ll Get Social Security Wrong Unless You Do This
Dan Caplinger’s piece here addresses an economic concept many ignore when trying to determine when to take Social Security — “money you get sooner is worth more than money you get later.” One can claim benefits as early as 62 or…
Social Security Replaces Less of Your Income Than You Think
“I don’t have to save much for retirement. I’ll get Social Security.” That has been the thinking of Americans for decades, but it’s naive because Social Security was never designed to live on. It’s a piece of an overall retirement…
A 2% Social Security COLA for 2020? “Fuggedaboutit”.
Dan Caplinger of The Motley Fool does not see even a 2% cost of living adjustment (COLA) for Social Security recipients to be announced this October for 2020. He notes it would take a huge run up in September prices for…
Nearly 2 out of 3 Medicare beneficiaries have not dental coverage
Nearly 2 out of 3 Medicare beneficiaries have no dental coverage. According to the Kaiser Family Foundation, Medicare beneficiaries who went to the dentist in 2016 paid an average of $922 in out-of-pocket expenses. Why? Medicare doesn’t cover crowns, dentures,…
Hiring a certified divorce financial analyst
No one gets married thinking they’re going to get divorced, however, about 40 to 50 percent of married couples in the United States divorce. So what does that mean to your retirement savings? Read one woman’s experience on how getting…
Are you dreaming of retiring overseas?
Are you dreaming of retiring overseas to keep your retirement costs low? Have you thought about housing? Do you need to pay taxes in the new country? Let’s not mention navigating a foreign healthcare system? In the attached article, American…
The path to long term Social Security trust fund solvency without raising taxes
What is the one program that younger Americans tend not to think about, but most older Americans depend on it: Social Security. According to estimates, Social Security trust fund reserves will become depleted by 2034 if Congress does not make…
How longevity fits into your Social Security decision
We often speak of the key things which determine your Social Security benefit amount – specifically your average lifetime earnings and the age at which you claim benefits. And while you can’t do much to change your earnings history, you do…
Social Security Disability benefits for seniors
The Social Security payroll tax withheld from your paycheck includes a small amount as a premium payment for worker protection called Social Security Disability Insurance, or “SSDI.” The SSDI program is there as protection for workers who become disabled and suddenly…
Sen. Warren’s socialist Social Security reform plan
Even after announcing her plan to reform Social Security, the topic never came up for discussion during the recent Democratic debates. That’s unfortunate, because fixing Social Security’s financial woes is something of major importance to a big segment of our…