Latest News

2025 COLA Watch–the Good and the Bad

The good news is that there’s likely to be a cost-of-living adjustment (COLA) for Social Security beneficiaries in January; the bad news is that it is expected to fall short of 2024’s 3.2% adjustment. But wait! That might not be…

ERISA at Age 50…A Recap of Where We are Today

Congress passed the Employee Retirement Income Security Act (ERISA)–the law that set minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans–was enacted in September of 1974. With this…

Presidential Candidate Harris on Social Security…Probably No Change in Position

The change in Democrat Party’s 2024 presidential campaign ticket will probably not yield any change in position on Social Security’s future, according to a post today by Newsweek reporter Aliss Higham. Although Harris’s specific policy points have yet to be…

Unexpected costs in retirement

Planning for your retirement is not easy. You must not only account for the costs of everyday things such as housing, insurance, and traveling but also those unexpected costs you may encounter during your retirement that may impact your financial…

Adults are worried

Americans are worried. According to the latest Gallup poll, three-quarters of adults aged 65 and younger said they are concerned about Medicare, and 80 percent said they are worried about Social Security benefits. The poll also found the respondents “make…

Social Security’s Office of the Inspector General Releases Scam Report to Congress

(Source – blog/ssa/gov) Social Security’s Office of the Inspector General (OIG) recently released its quarterly Scam Report to Congress. The report provides information about scam trends in the second quarter of Fiscal Year 2024 (January 1 — March 31, 2024).…

Payment plan for drugs in 2025

One of the many changes the Inflation Reduction Act (IRA) changed is how Medicare recipients can pay for prescription drugs. Medicare beneficiaries may choose to participate in a program that will spread the costs across several months instead of being…

Social Security benefits and alimony payments

Earlier this month, the Colorado Court of Appeals ruled that Social Security benefits counted as income in deciding alimony payments. So, what will this mean to other seniors? Suzanne Blake reports on how this ruling changes how the court can…

Proposed plan for new retirement system

The Wharton School of the University of Pennsylvania proposed a plan for the federal government to create “personal individual investment accounts” to replace the current retirement systems. According to the authors, “All contributions are made by the federal government without…

Pay attention during the Open Enrollment Period

Although Medicare Open Enrollment is a few months away, it is not too early to learn about changes that may affect your Medicare Part D coverage.  The Inflation Reduction Act (IRA) will make significant changes to many individuals with Part…

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