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Easy-to-miss ways to maximize your retirement savings
We spend so much time and effort obsessing over how to generate enough money to have enough money for retirement that many people forget to employ some simple strategies that could make a huge impact on how much money they…
Avoid these three major blunders that could shrink your Social Security benefits.
For many seniors, Social Security will constitute a substantial chuck of their income, so if you want to get the most money possible out of the program, you need to be smart about filing for benefits and know what mistakes…
Securing Your Retirement Means Sidestepping Blunders
According to a post by The Motley Fool’s Maurie Backman, there are three common mistakes that lead to financial insecurity later in life. IN her article she defines these three areas, and offers conjecture on ways to sidestep them to avoid problems…
Medicare “homebound requirement” for Home Health Benefits Addressed in S. 3545
Last week, the Home Health Payment Innovation Act — S. 3545–was introduced with an objective of amending the Social Security Act to “loosen” the homebound stipulations governing the eligibility for home health care benefits for Medicare Advantage participants. HOme Health Care…
Widow(er) Benefits and Delayed Retirement Credits Explained
In a post on maximizemysocialsecurity.com, the firm’s analysts examine the question of how delayed retirement credits (DRCs) are applied to widow benefits, explaining how the full retirement rate a surviving spouse will receive is calculated when DRCs are involved. Check it…
The “Gig” Economy’s Downside
To many, the dream of making it big in the “gig” economy–where one handles assignments as a contractor or non-employee–seems like the preferred option to being “trapped” in the confines of a single employer situation. You know, if you decide…
“Who do you trust?”
Tom Margenau called this piece “Who do you trust?” in response to a TV show first hosted by Johnny Carson. The piece addresses the fact that yes, some Social Security clerks make mistakes and misspeak when it comes to the…
Calculate Your Social Security Benefit
In this comprehensive overview piece, Eric Reed of theStreet.com takes readers through who is eligible for Social Security and how one calculates benefits. The starting point is meeting three basic criteria: must be older than 62, must have enough eligibility…
Highest Benefit Goes to Those Who Wait– Until 70
If you can do it, the evidence is clear about achieving the absolute highest Social Security benefit to which one is entitled. That would be age 70. Generally speaking, if one is in good health, is the higher earner between…
A “Real” Raise in the Works for Most Social Security Recipients in 2019
With all important cost of living adjustment (COLA) for 2019 due to be announced for Social Security recipients on October 11th, many are wondering if they will actually see their monthly benefit payment go up after Medicare premiums are taken into…