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What to do and not to do during the Medicare Advantage Open Enrollment Period
The new Medicare Advantage Open Enrollment Period goes from January 1st until March 31st. Many beneficiaries have many questions about what they can and cannot do during this time. The attached article clears up this confusion. Read article here… …
Many baby boomers jeopardize their retirement by doing this
According to recent data from Legal & General, a multinational financial services company, found one in five U.S. homeowners received a gift or a loan from a friend or family member to buy their home. Seventy-two percent of the lending…
The new military retirement plan
The government is offering a new retirement option, Thrift Savings Plan, to anyone who joined the military in 2018 or later. In her “Ask Kim” column, Kimberly Lankford, Contributing Editor to Kiplinger, answers a reader’s question on how they can…
How to avoid a retirement freak-out
Even if you are 10 years or more away from retirement, there are many things you can do to prepare yourself so you can make sound spending decisions once retirement arrives. The attached article gives five key actions you can…
Why you need to know your retirement savings goal
A recent survey from Charles Schwab shows that 54 percent of Americans don’t know how much money they need saved for retirement. Having a ballpark figure that functions as your target amount is important for number of reasons and once…
How to maximize your Social Security benefit
You may be missing a key piece of the retirement puzzle by ignoring your Social Security benefit. You can influence your eventual payout from this safety net program by making some adjustments and changes in your retirement planning. Read attached…
Not everyone will receive Social Security benefits
Nearly 63 million people receive a Social Security check each month and of these beneficiaries, an estimated 22.1 million are kept out of poverty. Social Security is still not an entitlement and not everyone will receive a Social Security benefit.…
How gray divorce can affect your retirement plans
According to Pew Research, over the past quarter-century the divorce rate among adults 50 and older rose 109 percent. There are a lot of theories about what fuels “gray divorce” but whatever the reason, couples choose to split, she or…
Will your state be the 14th state to tax Social Security benefits?
Tens of millions of American retirees rely on Social Security for the bulk of their income every month. What comes as a big surprise to many Social Security recipients is that in some cases, the federal government imposes taxes on…
Don’t make Social Security matter that much in your retirement
Many seniors today, Social Security plays a substantial role in their retirement, in fact, 21 percent of older married couples and 44 percent of older singles count on their benefits to provide 90 percent of their income. Social Security are…