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Ways to make sure the lesser-earner gets maximum Social Security benefits
In Lynn Brenner’s column appearing on Newsday’s website, she answers a question on “How to calculate spouse benefit on retirement.” Read her answer here… Notice: The link provided in the text above connects readers to the full content of the referenced article. The URL…
Avoid these common mistakes when filing for Social Security benefits
The rules and claiming strategies for Social Security benefits are complex and confusing that many uniformed and/or overeager retiree have lost money by making the wrong choice. The attached article list some common mistakes to avoid. Read article here… The…
Four options for low-cost retirement plans for entrepreneurs
James B Lockhart III, co-chairman of the Bipartisan Policy Center’s Commission on Retirement Security and Personal Savings and a former deputy commissioner of the Social Security Administration, said during a recent panel discussion: Bridging the Retirement Divide: Reaching Small Business…
Ten states that impose the lowest taxes on retirees
According to Kiplinger’s 2017 analysis of state taxes, these 10 states impose the lowest taxes on retirees. All of them exempt Social Security benefits from state states and most exempt at least a portion of other retirement income. Read article…
Steps you should take before retiring abroad
According to Social Security Administration statistics, the number of Americans retiring abroad grew 17 percent between 2010 and 2015 and now totals 400,000. The attached article list 13 financial steps you should be taken care of in advance of your…
Common post-retirement tradeoffs
Most retirees will encounter at least one unexpected financial scenario and managing health care costs continues to be a big concern for retirees. The attached article list some common post-retirement tradeoffs. Read article here… Notice: The link provided in the text…
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…