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Changes to Social Security coming in 2017
Social Security adjusts the program annually to account for such things as inflation, and the Bi-Partisan Budget Act of 2015 also mandated changes which make some traditional retirement strategies obsolete. This US News article by staff writer Emily Brandon discusses…
Retirement surprises, and how to avoid them.
Even a very well done retirement plan can be derailed by financial surprises that pop up unexpectedly. This Forbes article by John Wasik discusses three major ways to avoid having your retirement plan knocked off course. Click here to learn…
Create a foolproof retirement plan
All financial planners will counsel you that planning for your retirement is crucial to living your senior years comfortably. But how do you do that planning in such a way that those golden years will really be enjoyable? It’s all…
Social Security myths – debunked.
Though you may not be old enough yet to collect Social Security, be careful to avoid several Social Security myths that often cause people to lose out when they ultimately claim their benefit. Mistakes made now on such topics as…
You could see a 9% premium increase if you stick with your current Medicare Part D drug plan.
According to an analysis by the Kaiser Family Foundation, those who are now enrolled in a stand-alone Medicare Part D drug plan may see an average 9% increase in their premium if they stay with the same plan for 2017.…
Medicare premiums could jump for new enrollees and higher wage earners
The just announced tiny 0.3% COLA increase for Social Security recipients will mean that higher wage earners and those who will be receiving Social Security for the first time will most likely see a pretty significant increase in the 2017…
Don’t make these mistakes which can delay your retirement.
We spend a lot of time and energy making plans for retirement, but making a wrong move can really upset our retirement apple cart. This AJC.com article by Kate Hornsby advises against making any of three common financial mistakes that could…
Don’t think you can retire? Here’s a retirement strategy that works.
If you’ve done your homework but found that the numbers don’t add up to a comfortable retirement, don’t despair. You may have good reasons why you want or need to retire from your current job,and you could be looking at decades of retirement,…
Should you wait until 70 to collect Social Security?
Social Security benefits can be started anytime between age 62 and 70. If you start earlier than your full retirement age, your benefit will be reduced, but if you wait until later your benefit will be larger, up to age…
Both candidates’ proposals unlikely to fix Social Security.
There’s no shortage of election year rhetoric, and both Presidential candidates and their running mates have offered proposals for improving on Social Security’s financial status. But, as this article by Motley Fool’s Sean Williams explains, neither candidate’s proposal is likely…