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Couples should coordinate their Social Security benefits
Social Security is a very marriage-friendly program, even providing benefits to stay-at-home spouses whose job was and is to take care of their family. And even those in a two-income marriage need to look carefully at which spouse is the higher…
Comprehensive review of US Retirement System needed
This Think Advisor article reveals that according to the Government Accounting Office (GAO), America’s retirement system structure needs a comprehensive evaluation and major overhaul in order to protect future seniors from an insecure and undignified retirement. The GAO reports that it’s been nearly…
Tips on how to save for retirement
The stark reality is that about one-third of all Americans have nothing saved for their retirement, and even many who have access to an employer-sponsored retirement plan aren’t fully participating. That doesn’t bode well for their future, and even though…
It’s time get serious about replacing Social Security numbers
Unless you’ve been in a Rip Van Winkle like sleep for the last couple of months, you know about the massive hack of the Equifax data base and the theft of personal information, including Social Security numbers, of about half…
The “Hold Harmless” provision and Medicare premium increases
As most who collect Social Security know, their Medicare Part B premium is automatically deducted from their Social Security payment. And with all the news about a COLA increase in 2018, little has yet been said about any potential increase…
The COLA increase: A historical perspective
Social Security’s cost of living adjustment, or COLA, is getting a lot of high visibility press these days following the Government’s recent announcement that Social Security recipients will be getting a 2% raise starting in 2018. Some reports have projected that…
High earners will pay more FICA tax next year
Social Security recently announced that in 2018 the so-called “wage cap”, the amount of wages that you pay FICA tax on, will be going up by $1,500 to $128,700 (from $127,200 in 2017). What that means is that all those…
Is Age 63 the New Age 62 to File for Social Security Benefits?
When you think of applying for your Social Security benefits, you are generally looking at an eight-year age range that begins at 62 and ends at 70. Although 62 is the most common age for enrollees to start collecting benefits;…
FICA tax will Apply to Salary up to $128,700 in 2018
The Social Security withholding or “ FICA” tax of 6.2 percent will apply in 2018 to salary up to $128,700 which is an increase of $1,500 from last year’s amount of $127,200. Read article here… Notice: The link provided in the…
Tips For Enrolling in Medicare
Medicare can be confusing but the attached article list six tips for finding your way through the program’s terminology and the rules so you can get all the Medicare benefits to which you’re entitled. Read article here… Notice: The link provided…