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Don’t treat your 401(k) like an emergency account
Fueled largely by the 2008-2009 recession, many Americans had to dip into their 401(k) retirement accounts to handle emergency expenses. This USA Today article by Michael Molinski discusses the importance of having a separate rainy day account for emergencies in order…
Enrolling in Medicare? Here are the A, B, C’s.
If you’re approaching 65, the age you are eligible for Medicare, don’t expect the Government to send you the information you will need to guide you – the ball is in your court to look at what coverage you need…
Deferring Social Security a smart move for this person.
Advisors often counsel clients to defer taking their Social Security benefits until age 70 because of the increased benefit amount they’ll receive. But it always depends upon whether you have the financial resources to do that. This Q & A…
Medicare’s Part D Drug Plan: What you need to know.
You have until December 7th to decide if your current Part D plan is the best one for you, or if you should move to another plan. You have a variety of options, and this U.S News article by Emily…
How to save effectively for retirement.
From young millennials to those approaching retirement, getting focused on building a nest egg requires discipline, and the time to start is now. This U.S. News article by contributor Dawn Reiss offers advice on how to most effectively save for retirement in…
If you pay FICA taxes, you have disability insurance.
Workers often overlook that because they pay FICA taxes, they also have an insurance policy which pays benefits if they can’t work because of a disability. It’s called Social Security Disability Insurance (SSDI) and, along with private long-term care insurance, it can…
CMS releases 2017 Medicare premiums & deductibles.
The Centers for Medicare & Medicaid Services has released the 2017 Medicare premiums and deductibles data. Though some projections had premiums increasing up to 22% for those not protected by the “hold harmless” provision, CMS announced that those higher earners…
Shocks can up-end your retirement.
Optimism is a wonderful thing, but shouldn’t keep you from planning for the unexpected. Life happens, as they say, and it’s important that you’re aware of things that could shock your retirement and upset your best laid plans. This Rodney…
Social Security rules everyone should know.
While there are often special circumstances which affect an individual’s Social Security benefits, there are some basic rules that everyone should be aware of. These range from knowing how to get the most, to understanding if and how your benefits may…
Reasons you may want to retire early.
Advisors often counsel waiting until at least Social Security’s full retirement age to retire, but there are a few very real reasons you may want to retire early. This Motley Fool article by Dan Caplinger appears at AOL.com and explains…