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Classic Rookie Retirement Mistakes to Avoid if You Don’t Want to Outlive Your Money
The experts say you need to plan for a retirement that could last 30 years or more. With ever-rising medical costs and mostly stagnant Social Security checks, however, that pile of cash doesn’t look so big. Here are some classic…
Change Your Definition of Retirement
In Robert Laura’s article appearing on Forbes website (www.forbes.com) he says “…a growing number of people will never have the financial means to stop working.” So, if you find yourself or someone you know in a situation where it seems retirement…
Is Receiving Your Social Security Statement in the Mail Important?
New research conducted by Barbara Smith, a senior economist at Social Security’s Office of Retirement, and Kenneth Couch, a professor at the University of Connecticut, show “Workers who receive Social Security benefits statements by mail are less likely to claim benefits early,…
CMS issues final rule to increase choices and encourage stability in health insurance market for 2018
(Source – www.cms.gov) Announcement April 13, 2017 The Centers for Medicare & Medicaid Services (CMS) today issued the final Market Stabilization rule, to help lower premiums and stabilize individual and small group markets and increase choices for Americans. Individuals obtaining…
Start Planning for RMDs before Your 70th Birthday
Required minimum distribution (RMD) withdrawals are taxed as regular income, and as a result could push you into a higher tax bracket. The key to avoiding a big tax bill is to start planning for RMDs well before your 70th birthday. …
Ten States with Lowest Taxes on Retirees
Many retirees have special concerns when evaluating state tax policies and according to Kiplinger’s 2016 analysis of state taxes, the following ten states impose the lowest taxes on retirees. Read article here… Notice: The link provided in the text above connects readers…
The Military’s New Blended Retirement System
Authorized through the National Defense Act of 2016, the U.S. military is making the most sweeping changes to its retirement program since World War II. Read article here… Notice: The link provided in the text above connects readers to the full content…
In 2015, Medicare’s Nationwide Per Capita Costs were $9,582 per Beneficiary
Earlier this week, CMS released data for 2015 showing nationwide Medicare per capita costs amounted to $9,582. For example, Hawaii spent $6,608 per traditional Medicare beneficiary, but Mississippi spent $10,700. Why the difference? Read article here… Notice: The link provided in the…
The Lottery Effect and Retirement
A recent MetLife survey found that about a fifth of retirement plan participants (21%) who received their pensions or 401(k)s as lump sums depleted that money on average in just 5½ years. Read article here… Notice: The link provided in the…
Student Loan Debt in Retirement
Many Baby Boomers are carrying student loan debt into retirement, and many members of Generation X are on track to do the same. Read article here… Notice: The link provided in the text above connects readers to the full content of the referenced article.…