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Important Things to Know About Retirement
There are some very important pieces of information concerning retirement that quite a few people are in the dark on, according to the results of a survey conducted by Fidelity Investments. Items like how much you should save, how much…
Tax Breaks for Older Folks
Every now and then, being a “senior” has its benefits. And sometimes, they come from one of the most unpleasant sources: the federal tax system. Wendy Connick, in a post on www.fool.com, explains some of the benevolences of the U.S. tax code,…
Reaching Age 62? Good time for an assessment!
Age 62 is a good point in life to take a look at where things stand in your retirement plan. It’s a good point to make some long-range decisions on Social Security benefits, and you’ve got three years at that…
No Surprise; Florida Ranks No. 1 in “Best Sates for Retirement.” But Which State is No. 2?
The folks at WalletHub.com have once again published their ranking of the best states for a retirement destination, and again it’s Florida. Surprising to some, though, is their naming Wyoming as the runner-up. and their are other surprises resulting from…
Dentistry Advocates Aim To Fill Medicare Gaps
(By Phil Galewitz, Kaiser Health News) Carolyn Thompson’s tight-lipped smile hides a health care problem the 81-year-old retired nurse can’t afford to correct and Medicare won’t pay for. She needs dentures. Her missing bottom teeth make chewing difficult, so she avoids…
The Recurring Issue of Privitization
The question of whether or not Social Security contributors should be allowed to invest a portion of their accumulated contribution in individual retirement accounts outside of the traditional trust fund is an on again, off again issue. Although there are no…
Working and Collecting Social Security: The Tradeoffs
In a Q&A-formatted article, Lynn Brenner discusses the implications of working during retirement. Specifically, she addresses the issue of maximizing deferred retirement credits vs. filing at FRA and continuing employment. Read her article here… Notice: The link provided above…
A Plea for Eradication of Medicare Fraud
With the loss of an estimated $90 billion through improper Medicare and Medicaid in 2015, the need for a sharpened focus on rooting out fraud, waste, and generally illegal activities continues. In an article posted today on myjournalcourier.com, Dean Chambers takes…
Retirement “Financial Fitness” Requires Understanding of–and Planning for–Medical Costs
“A 65-year-old couple who retired in 2016 will need about $288,000 (in today’s dollars) during retirement just to pay Medicare Parts B, D and supplemental insurance, according to HealthView Services, a company that provides health care cost projections for financial…
Reliability of SSA-provided Information Questioned
Laurence Kotlikoff, noted Boston University economist and co-author of “Get What’s Yours,” asserts that the margin of error when relying on answers from the Social Security Administration is something that must be considered. In a Q&A post on www.heraldextra.com, he sets…