Latest News
CMS proposes rule doing away with artificial limits on Medicare Advantage plans
The Centers for Medicare and Medicaid Services this week published a proposed rule doing away with what it calls “artificial limits” on Medicare Advantage plans. Under current Medicare rules, Medicare Advantage plans offered by the same sponsor in the same…
How to wind down your financial support without leaving your grown children in the lurch
According to research from Merrill Lynch and Age Wave, two-thirds of parents age 50 and older have financially supported a child 21 or older over the past five years. The attached article lists some strategies to help you wind down…
If you are unhappy with your Medicare Advantage plan can you switch?
In Kimberly Lankford, Contributing Editor for Kiplinger, she answers a question that many Medicare Advantage enrollees worry about: “If I sign up for a Medicare Advantage plan during open enrollment now and then decide it isn’t the best plan for me,…
Waiting to claim Social Security Benefits may not be the best option
For some people taking their Social Security benefits early is motivated by necessity, but there are some situations in which claiming early actually produces more money from Social Security than waiting would. The attached article goes through what claiming decision…
Choosing a Medicare Part D plan
Medicare Prescription Drug Plans (PDPs) allow the individual to add prescription drug coverage to their original Medicare package. Prescription drugs may be incredibly expensive, so picking the wrong policy can be costly. Since Part D policies vary widely in how…
Air Force adds bonus for switching to Blended Retirement System
For U.S. Air force airmen approaching 12 years served who convert to the new Blended Retirement System will be eligible for a continuation pay bonus, but those planning on retiring after 20 years may benefit more from the current system.…
A few things to think about before you take your pension payout offer
Before you take your pension payout offer, you should consider the consequences for you, your spouse and heirs. Once you make your decision, there is no turning back. The attached article reviews six things to think about when you get…
Baby Boomers Working Longer
By 2024, the Bureau of Labor Statistics projects 36 percent of Baby boomers will still be on the job. Advances in medical care have given baby boomers a new lease on life and they are staying on the job longer.…
Bitcoin IRA
Bitcoin, a peer-to-peer system where transactions typically take place directly between users, seems to be everywhere you turn but should you be investing in Bitcoin IRA? The attached article reviews five essential facts you need to know about a Bitcoin…
Updated 2018 Taxable Maximum Amount Announced
In October of each year, the Social Security Administration announces adjustments that take effect the following January that are based on the increase in average wages. Based on the wage data Social Security had at the time of the October…