Latest News
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.…
Women and Financially Secure Retirement
Statistics show that women age 65 and older have an income level typically 25 percent lower than that of men and, as men and women age, the gap widens to 44 percent by age 80. As a result, women are…
In Retirement: Are You Moving to a Warmer Climate?
A TIME analysis of four years of Census records found that Florida, Arizona, and the coast of South Carolina are the destinations for the people age 50 and over who were no longer in the work force and chose to…
Primary Source of Income in Retirement: Social Security
According to a study by the Bankers Life Center for a Secure Retirement, thirty-eight percent of middle-income Baby Boomers—those with a household income between $30,000 and $100,000 and less than $1 million in investable assets—expect Social Security will be their…