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Social Security when you are self-employed
Most people who pay into Social Security work for an employer; however, self employed people must report their earnings and pay their Social Security taxes directly to the IRS. These taxes will help determine your eligibility for Social Security benefits…
Who is working past 65?
More and more Americans are delaying retirement. Almost twenty percent of Americans 65 or older is still working, the highest percentage in more than half a century. But it’s those with a college degree that find it easiest to keep…
Retirement health care expenses are projected to rise but at a lower growth rate
According to a new report, health care inflation has slowed over the past year, lowering your projected lifetime tab. However, the bad news is even at this lower growth rate, health care expenses can punch a large hole into the…
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…