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Medicare’s “Extra Help” for paying prescription drug costs
The high cost of prescription drugs is being discussed all over the political spectrum these days, but the fact is that prescription drug plans are available to all who are on Medicare. However, those plans – known as Medicare “Part…
“Unretirement” is an option many are taking
“Unretirement” – that is, going back to work after you have retired – is an option that many are finding attractive or necessary these days. In fact, 39% of today’s workers over age 65 have previously retired from the workforce…
Make Social Security part of your overall retirement plan
When it was first enacted, Social Security was a simple thing – you claimed at age 65 and collected until you died. But many changes – actually enhancements – have been made over the years to ensure that your survivors…
When should you claim Social Security?
When to claim Social Security is, of course, a question that everyone approaching age 62 must wrestle with. Some claim simply because “it’s there”, while other are more pensive and evaluate the various options available. Some claim as soon as…
Time is running out to switch or ditch
Time is running out if you want to change your Medicare Advantage plan or switch back to original Medicare. You have to March 31st to return to original Medicare or found you don’t like your Medicare Advantage plan now is…
Downsizing it’s not as easy as you think
We all have heard that we should downsize for retirement; it will save us money. But does it? Yes, it can save you money, but it’s not as easy as you think. In Tom Sightings’ column for U.S. News, he…
Mortgage debt can hurt you when you’re older
A large number of American seniors are struggling to shake their mortgage debt. According to the COUNTRY Financial, 33 percent of Americans are still paying off mortgages into retirement age. If you are nearing retirement and still paying a mortgage…
Is the “Retirement Savings Gap” real?
In Andrew Biggs’ column for Forbes, he questions the National Institute for Retirement Security’s (NIRS) study finding that America faces a $14 trillion “retirement savings gap” with a staggering 92 percent of working-age households falling short of their retirement savings…
Dental coverage and costs for Medicare beneficiaries
Medicare which covers about 60 million older adults and beneficiaries with disabilities does not cover routine dental care. Nearly 37 million people or almost two-thirds of Medicare beneficiaries do not have dental coverage and 49 percent of all Medicare beneficiaries…
What can be done to help American workers build a financially secure retirement
Majority of Americans who save for retirement do so through a plan provided by their employer; however, only about half of private sector businesses offer retirement benefits. People without a workplace-based plan could still save for retirement on their own;…