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MEDICARE OPEN ENROLLMENT: TIME’S RUNNING OUT
(Source – blog.medicare.gov) Medicare Open Enrollment ends next week on December 7. If you’ve been thinking about changing your Medicare coverage, now is the time to act. You may already know you have choices in how you get Medicare hospital,…
Do You Qualify for Social Security Disability?
You may be surprised to learn you may qualify for disability benefits even if you have nowhere near enough work credits to get retirement benefits. The Social Security Administration’s has different requirements to qualify for Social Security disability than retirement…
Shining a Light on Those Who Provide Dementia Care
(Source – blog.socialsecurity.gov) Alzheimer’s takes a devastating toll, not just on those with the disease, but on their families. The effects of this disease, emotional as well as financial, are felt by many in our society. Caring for relatives suffering…
Taking a closer look at Required Minimum Distributions
We all agree retirement accounts such as IRAs and 401(k)s are important way for individuals to save money for their golden years on a tax-advantaged basis. However, there are rules that need to be followed and failing to do so can…
Owning versus Renting in Retirement
Nearly 80 percent of those age 65 or older owned a home in 2017 according to Census Bureau data. Owning a home may not be the right living arrangement for everyone in retirement. Renting can be a better option for…
Some Medicare Beneficiaries will see their Medicare Part B premiums Rise by Twenty-three percent
Although the Social Security raise for 2018 is the highest raise in six years, around 70 percent of seniors may not see much or any of their Social Security cost-of-living adjustment (COLA) due to a Medicare rule known as “hold harmless.” Read…
Social Security Benefit Calculation Formula for 2018
The Social Security retirement benefit calculation formula thresholds known as the “bend points” change annually to keep up with inflation. The attached article shows how this calculation method works for 2018 and how early or late retirement could affect your…
The Elusive Retirement Dream
With income levels continuing to lag, with a persistent inability to save substantially, and with uncertainty in health costs constantly in the news, many of those approaching–or already in–their retirement years are facing a re-evaluation of the plans they once…
Your Social Security Statement: Take the Numbers with a Grain of Salt
It’s a good idea to keep an idea on the retirement income projections presented in your personal Social Security Statement, but keep in mind that the numbers may not be all that accurate. The Motley Fool’s Wendy Connick explains the…
The Millennial Viewpoint on Saving for Retirement
“I know I am not alone when I question, how can I save for a retirement plan when I am struggling to save for just a rainy day?” laments Angelica Hilton, a member of the millennial population struggling to deal with…