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Should Congress Reverse HR82?
The Social Security Fairness Act was signed by then President Joe Biden in December 2023. This eliminated WEP and GPO offsets for government employees who get a pension and did not pay into Social Security while they were working in…
When to Claim – That is the Question !
You are eligible for Social Security payments starting the full month you are age 62, providing you have worked and received the necessary credits. Social Security benefits can be claimed anytime between age 62 and age 70. At your Full…
The Social Security Fairness Act
The Social Security Fairness Act (HR82) was signed into law by President Biden in December 2023. This new law will eliminate the offset that some public employees have been subject to because they have pensions where those employers did not…
A Seemingly Positive Change with a Negative Outcome?
President Donald Trump has proposed eliminating taxes on Social Security income. It sounds like a great idea, but the consequences need to be considered. Those taxes are an important income for the Social Security Trust Fund. Congress is unlikely to…
5 Key Facts about Medicaid Eligibility for Seniors and People with Disabilities
Options under consideration in Congress to reduce Medicaid spending by nearly one-third in future years could have major implications for seniors and people with disabilities. Nearly 1 in 4 Medicaid enrollees are eligible for the program because they are ages…
Retirement Planning 2025–Secure 2.0 Changes to be Aware of
The ongoing implementation of features included in the 2022 Secure 2.0 Act brings several new provisions this year that can affect retirement planning. From automatic enrollment in retirement plans to a quicker availability for part-timers to participate in 401(k) plans,…
Are You 65 Or Older and Need Medicare Part B? Sign Up Now Through March 31
(Source: SSA.gov) If you’re 65 or older and didn’t sign up for Medicare Part B during the automatic, initial or special enrollment periods, now’s your chance. You can sign up for Part B (medical insurance) during the annual Medicare General Enrollment…
Unretiring? Make sure you understand the Implications for Social Security & Medicare
The chaotic years of the COVID pandemic led to many folks leaving the workforce earlier than planned. Now that the landscape has leveled, many are rethinking that decision and looking toward rejoining the workforce. As indicated in a ThinkAdvisor post…
SSA Under Pressure to Expedite HR 82 Implementation
In a display of bipartisan interest, a coalition of 28 Senator this week issued a letter to Social Security Acting Commissioner Michelle King expressing concern that “… it might take the agency more than a year to implement an expansion…
Social Security Seems to be Playing a Greater Role in Finances of the Newly-Retired
A recent survey by the Employee Benefit Research Institute (EBRI) revealed that younger retirees–those who entered retirement at ages 62 and 63–depend on Social Security for about two-thirds of their income, compared to about half for retirees now in their…