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Your Medicare Card: The Social Security Number is Gone, but…
Removal of Social Security numbers from Medicare identification cards is perhaps a step in the right direction, but the financial advisory community is supplementing this changeover with warnings that folks need to be aware of. Ranging from telephone calls that…
The Impact of Claiming Strategies–Understanding the Basics
In a post today on www.fool.com, columnist Christy Bieber examines three basic claiming strategies that, if not undertaken with full understanding of the consequences, could have long term and undesirable consequences. They include claiming too early, not having a hefty enough…
An Analysis of the Social Security/Medicare Dilemma
Citing dire projections (“Through 2050, the Social Security trustees estimate that the number of seniors will rise from 48 million to 86 million. The Congressional Budget Office projects that, as a result, by 2047 Social Security and the major federal…
Considering a Reverse Mortgage as Part of Your Social Security Strategy? Read this.
Some scheming financial operations promote the use of reverse mortgages as a strategy to defer Social Security benefits, but the Consumer Financial Protection Bureau cautions against this. An article posted today on www.bankrate.com explains he concern, and also covers other ploys that need…
What Happened to the $1 Million Benchmark?
There was a time when a plan to accumulate a million dollars for one’s retirement seemed like the model for retirement security. That was then, this is now suggests MSN.com’s Jessica Dickler. Her projection is that attaining this level of cash-oh-hand gives…
Shifting Divorce Statistics: The Reasons Behind “Gray Divorce”
Financial planner Mary Ann Ferreira, in a post today on www.marketwatch.com, offers commentary on the reasons why divorcing over the age of 50 is becoming more prevalent, Her article also provides a “a checklist to help mitigate the financial risk associated with…
The Stock Market, Social Security, and “The Experts”
CBS Moneywatch’s Steve Vernon offers a perspective on the relevance of opinions and projections made by so-called financial experts, concluding that it might be best for those investing for retirement ignore the advice bandied about in the financial media. Optimizing…
Recapping 2017 – Money-Saving Tips from an Expert
Kiplinger Contributing Editor Kimberly Lankford shares a look back at 2017s most popular articles, reiterating nine that constitute opportunities for substantial savings. Among them are dealing with Medicare (and health costs in general), managing required minimum distributions from deferred compensation accounts, deferring Social…
Underscoring the Importance of Spousal Benefits
With Social Security benefits comprising a large portion of retired couples’ financial picture, it becomes critical to be aware of ways to maximize the dollars available to surviving widows and widowers. In an article posted on www.wealthmanagement.com, and sponsored by Great West…
It’s Not Too Late to Save For Retirement
Even if you’ve crossed the 50-year old line, there are steps you can take to shore up your retirement savings picture. Forbes staff writer Ashlea Ebeling outlines a set of five key actions you can consider, all of which are geared…