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Medicare: An Overview of Components and Facts
Medicare’s enrollment process can be vexing for those hurtling toward their eligibility. And that’s perhaps an understatement, given the enormity and complexity of this massive program. Missing an enrollment deadline can cost one dearly, and that’s why it’s criticaql to…
Understanding What Social Security Is Not
Social Security has an exemplary record of serving America’s retired workers and their families. Despite this record, it’s important to understand that there are aspects of social welfare that the program is not designed to accommodate, as explained by The Motley…
401k Plan Changes in the Wind?
According to Bradenton Herald columnist Mike Doll, the House Ways and Means Tax Reform 2.0 may bring about some significant changes affecting retirement financial planning. From changes to 401k savings limits and disclosure changes affecting 401k plans to 529 plan changes and…
To be forewarned is, well, a good thing!
Many retirees make the mistake of underestimating the cash flow they’ll need in their retirement years. Planning is difficult, and many folks tend to put it off or just take a summary stab at it. If that describes you, know…
5 More Facts You Might Not Know About Social Security
(Source: Social Security Administration) What kind of questions do you and your friends ask about Social Security? When do my benefits arrive? What are Social Security work credits, and do they have anything to do with the way my benefits…
An early prediction for 2019’s COLA
It’s really too early to predict with any degree of accuracy, but at least one pundit – Motley Fool’s Sean Williams – has gone out on a limb with an early prediction of what the COLA for 2019 might be.…
Yet another Social Security “robocall” scam
It seems like every week we hear of yet another effort by cyber-criminals to scam unsuspecting seniors out of their money. And with so many data breaches occurring on a regular basis, it’s increasingly important that everyone be vigilant and…
Retired early? Here are some signs you shouldn’t have
All of us have at some point in our lives dreamed that we could retire early, escape the “old grind” and live out the rest of our lives in leisurely bliss. And more than a few have thought they were able…
Filing for Social Security at 62 can be a mistake
A very sizable percentage of Social Security recipients file for their benefits as soon as they are eligible at age 62. And while that is sometimes exactly the right thing to do, it is also often a mistake. As revealed…
Social Security’s future, for younger workers
If you’re savvy at all on the goings on in Washington, you know that Social Security’s future is a hot topic of discussion theses days. That’s because the program’s annual Trustee’s Report forecasts that it’s Trust Fund, now flush with about…