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Self-Employment On the Rise–What About Retirement Planning?
Things are different for the self employed when it comes to retirement planning. There’s typically no employer-provided pension arrangement, no employer contributions to IRAs, and so on, and on top of that, the double payment of Social Security taxes places an…
Online Bill Payment for Medicare Premiums
(Source – Social Security Administration) Social Security is here with tools and information to help you secure today and tomorrow. Did you know that you can pay your Medicare premiums online? If your bank offers the option to pay your…
Ticket-to-Work: A Pathway back to employment
Social Security Nicole Tiggemann, in a post today on daytonatimes.com, offers insights into the “Ticket to Work” program. This is “a free and voluntary program that helps people get vocational rehabilitation, training, job referrals, and other employment support services,” and interested parties…
Revisiting Claiming Rules After Bipartisan Budget Act of 2015
Although the Bipartisan Budget Act of 2015 set out to eliminate what many considered a “loophole” in the rules associated with suspending benefits, the introduction of new “deeming” rules for applicants at or beyond full retirement age. And, of course, there are…
Goodbye myRA. It didn’t work out as planned.
A post by Stephen Miller, the Society for Human Resources Management’s Online Manager/Editor, Compensation & Benefits, explains the decision by the U.S. Department of the Treasury to terminate the myRA program initially rolled out by the Obama administration in 2014. Citing a dearth…
Looking at Retirement–Before and After
In a video posted on wtvr.com, Phil Umansky, Ph.D. from the Virginia Society of CPAs provides some tips on planning for retirement, as well as some thoughts on managing after you pull the plug. Watch the video here… Notice: The link…
HSAs and Medicare…It’s Important to Understand the Details
Author and journalist Toni King examines the intricacies of Medicare for those have Health Savings Accounts in place. In responding to a reader question, King uses excerpts form the 2017 Medicare & You handbook to explain the rules currently in place…
Saving For Retirement–It’s Complicated These Days!
What once, many years ago, was a fairly simple process has become a multi-dimension task. We’re talking about saving for retirement, where just socking money away in a savings account was the go-to way to do it. These days, the…
Millennial Retirement Savings Rates on the Rebound
A recent Bank of America study concludes that the millennial generation–those with birth dates from the early 80s to the late 90s–have gotten more serious about saving for retirement. The study reveals that better than 8 of 10 surveyed report…
A Different Look the “Retirement Crisis” and Today’s Retirees
Citing flaws in media reports of an impending cash flow crisis for retirees, Forbes contributor and American Enterprise Institute resident scholar Andrew Biggs suggests that income measurements based on Census Bureau’s Current Population Survey (CPS) data may not tell an accurate story about…