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The sandwich generation
Are you part of the “sandwich generation?” The sandwich generation consists of workers supporting young relatives and aging parents. According to the U.S. Census Bureau, there are roughly five million intergenerational households in the United States. Jill Schlesinger reports on…
Take the time to review your health plan
The Medicare Open Enrollment Period for 2025 runs from October 15, 2024, to December 7, 2024. During this time, Medicare beneficiaries can review their current coverage and make necessary adjustments for the upcoming year. Tricia Neuman, a senior vice president…
Is renting a bad idea when you retire?
In the past 20 years, homeownership among retirees has dropped from 80 percent to 74 percent. Although renting in retirement may look like a sensible option for retirees, but one thing that many of them overlook is the prospect of…
What about the retirement industry
Nevin E. Adams, JD, the former Chief Content Officer and Head of Retirement Research for the American Retirement Association, has compiled a list of his ten pet peeves about the retirement industry. Read Mr. Adams’ article here… The links provided above…
Annual Medicare Open Enrollment has started
The annual Medicare Open Enrollment period has begun and will run until December 7th. What is the Medicare Enrollment period, and how will this affect my Medicare coverage? Aliss Higham reports on what you need to know about this important…
U.S. retirement system drops in global rating
The Mercer CFA Institute Global Pension Indexed just released its ranking of global retirement systems for this year. The U.S. system came in 29th out of 48 countries, with its overall score dipping to 60.4 out of 100, below the…
Make sure you do not make these mistakes
As of 2024, more than 71 million Americans receive Social Security benefits and Supplemental Security Income (SSI) payments. Approximately 86 percent of the population aged 65 and over receive these benefits. However, most do not realize that some specific actions…
Columbus Day Holiday
The staff at Social Security Report are off today for the federal holiday, Columbus Day.
Medicare Advantage star ratings
CMS continues to implement enhancements to the MA and Part D Star Ratings program to promote continual quality improvement to help ensure that Medicare enrollees receive high-quality care and to encourage plans to continue to strive for higher quality. With…
Changes coming to your Part D plan in 2025
The 2025 Medicare open enrollment period for Medicare Advantage and Part D plans is from October 15, 2024, to December 7, 2024. Medicare enrollees can choose or make changes to their Medicare Advantage plan and Medicare Part D prescription drug…