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Social Security and its taxable status
Every month, more than 42 million retired workers receive a check from the Social Security Administration, with 62 percent of these folks relying on this for at least half of their income. Most people don’t have a very good understanding…
Average assisted living facility costs $43,539 per year and Medicare won’t pay for it
Medicare provides health benefits to millions of seniors; however, there are certain services it won’t cover, like dental care, vision care, and long-term care, which includes assisted living. Medicare won’t pay for services offered by most assisted living facilities due…
Six ways farmers can save for retirement
For farmers, the key to saving for retirement is planning early so you can take full advantage of your income, as well as investments and interest earnings. An article published on the Farm and Dairy website (www.farmanddairy.com) lists six ways…
Preparing for cost of senior healthcare
If there’s one expense that’s practically guaranteed to go up in retirement, its healthcare. Many seniors will spend a huge chuck of their savings and Social Security income paying for their healthcare needs. In Maurie Backman’s article, she advises on…
Having a good plan for retirement income
You need a good plan for retirement income because no one wants to run out of money in retirement. In the attached article outlines three most important income factors to base your plan on. Read article here… Notice: The link provided…
Beware of bogus phone calls from scammers posing as Social Security personnel
According to the Ulster County District Attorney’s Division of Consumer Affairs, the Social Security Administration has received reports about citizens receiving unsolicited phone calls from individuals posing as Social Security employees. Read article here… Notice: The link provided in the text…
Get to Know Your Social Security
(Source – blog.socialsecurity.gov) Social Security touches the lives of nearly every American. We’ve been with you from day one, when your parents applied for your Social Security number, and we are with you from your first job through your retirement…
Making your retirement a happy one
Not to burst your bubble if you’re approaching retirement, but it seems that most who are in the post-working part of their lives have found at least some disappointment in their retirement lifestyle. But for you, it’s not too late…
Working longer is key to retirement security
Most financial planners will harp on adequate savings as being the key to a secure retirement. There can be no argument that the more you have saved the more secure your retirement will be, but the fact that by far the…
The importance of health in deciding when to take Social Security
The longer you wait, the more you get. That’s a pretty general rule describing what to think about when deciding when to take your Social Security benefits. In fact, claiming as soon as you’re eligible at age 62 could mean your…