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How do you calculate taxes on Social Security benefits?
Kimberly Lankford, Contributing Editor for Kiplinger, answers a readers question on: “How do I calculate what portion of my Social Security benefits is taxable?” Read her response here… Notice: The link provided in the text above connects readers to the full content…
Forty-nine percent of Americans are saving for retirement
A recent survey by Morning Consult found 49 percent of Americans are saving for retirement, but only 16 percent say they are confident that they will have enough saved for retirement. Asked whether they have sufficient tools or resources to…
Humana has expanded a bundled payment model
Humana announced it has expanded a bundled payment model into seven additional states that will cover hip and knee replacements within Medicare Advantage populations. Humana’s hip-and-knee replacement model is designed to improve beneficiary care outcomes during the entire episode of…
The Four Phases of Retirement
Riley Moynes, a retired founded of a successful financial planning firm, concluded that there are four distinct phases of retirement which he summarizes in a book titled: “The Four Phases of Retirement, What to Expect When You’re Retiring.” The attached…
Are retirees getting a pay cut every year?
Social Security benefits are reviewed each year and, based on the Consumer Price index, usually adjuster upward. In reality, though, these Cost of Living Adjustments (COLAs) have not kept pace with inflation in recent years. According to Brandon Buckingham, vice…
The role of the company in helping employees save for retirement
A new study by MetLife indicates that Americans have accepted a shift in responsibility for their own retirement security. In the firm’s “Role of the Company survey,” 54 percent of the individuals accept that they are primarily responsible for their…
New Medicare rule allows flexibility to prescribers, providers and suppliers
The Centers for Medicare and Medicaid Services released the Contract Year 2019 Final Rules for Medicare Advantage (MA) and Part D, stated their commitment to supporting flexibility and efficiency throughout the MA and Part D Programs. One of the new…
Did you make your IRA contributions for 2017? If not, you have to April 17th
Did you make your contributions to your individual retirement account for 2017? If not, April 17th marks the final deadline for IRA contributions for tax year 2017. Don’t make the mistake of thinking that if you get a tax extension,…
Benefits Optimizer for Social Security: BOSS
Benefits Optimizer for Social Security–BOSS–is a mobile app that combines the ease of use of mobile apps with the power and the flexibility of a traditional desktop software tool. Developed by Sawhney Systems, the developer of professional financial planning software, BOSS…
Making money through the gig economy during your retirement
A recent Prudential Financial survey found that 31 percent of individuals who work in the gig economy are baby boomers. According to the Employee Benefits Research Institute, this results from 48 percent of retirees leaving the work force earlier than they…