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How to achieve the maximum amount
The maximum monthly Social Security benefit for 2024 is $4,555. There are three steps involved in achieving the maximum benefit. What are they, and can the average person achieve them? Keith Speight outlines the three steps and suggests even if…
Why you should prioritize saving for retirement
Saving for retirement can seem like a daunting task and one that you might think you do not need to be concerned with right now, especially if retirement is far off. Balancing financial priorities is tough, but choosing the right…
What is Medicare Part A
What Is Medicare Part A? Medicare Part A helps cover your inpatient care in hospitals, critical access hospitals, and skilled nursing facilities (not custodial or long-term care). It also helps cover hospice care and some home health care. You must…
Want more money from Social Security?
Your full retirement age varies based on the year you were born. Also, the amount you would receive at your full retirement age- based on your lifetime earnings. However, the amount you are entitled to each month depends on when…
The “retirement crisis” for the upper middle class
The experts continue to discuss the “retirement crisis” in America from the perspective of the lack of retirement savings; however, that is not the whole picture. Many experts ignore the retirement risks that the upper-middle class faces. What are these…
Retirement reinvented
Retirement can present you with opportunities you were not expecting. Now, with the pressure of providing for your family, raising kids, and saving for retirement, you can entertain the idea of starting your own business. There are unique options for…
Make sure your expectations of Social Security are realistic
We all dream of what we will do in retirement, maybe work on your golf game or see faraway family members, but are you prepared for it? Do you know what your Social Security will be? Not just talking about…
Could hurricanes play important role in the 2024 COLA?
How will the heightened hurricane activity this season affect the 2024 Social Security cost-of-living- adjustment? Some experts are expectorating on how the storms will impact supply shortages and price increases. Gas prices contribute to the inflation index used for calculating…
The odds of approval of your SSDI application varied greatly by state
After you file your SSDI claim, it usually takes three to five months to decide. The time will depend on how much evidence you provide with your application. Three to five months is just the average; it can take longer…
You might be doing better than you think
Social Security benefits are supposed to replace around 40 percent of the income you earned while you were working. As of June 2023, the average check is $1,701.62, according to the Social Security Administration – but that amount can differ…