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Re-joining the workforce: Does it in increase my Social Security benefit?
Understanding the Social Security formula for calculating Primary Insurance Amount or “PIA” (the amount of you benefit at fill retirement age) is key to answering this question. The answer, as so often is the case, is “it depends.” Social Security…
Cookbook Medicine
John C. Goodman, Senior Fellow at the Independent Institute, writes in Forbes’ Opinion column how everyone should care about the new Medicare Access and Chip Re-authorization Act of 2015 (MACRA) and how this will not only affect the physicians’ payments…
When to file for benefits…the benefits of avoiding the temptation to file early.
The basic question of “when should I file for Social Security benefits” is one for which there is no one-size-fits-all answer. It depends on each individual’s circumstances, and trhere are a number of factors that need to be considered. In…
Attention Millennials: Now is the Time to Think About Retirement!
Millennials–those born between 1977 and 2000–would be wise to begin their retirement planning years now, according to a post by Forbes contributor Maya Kachroo-Levine. This is a large segment of the population–about 25%–in which nearly half have no retirement plan is in…
Tax Implications of Getting Married While Drawing Social Security…or Not.
If you’re part of a couple contemplating marriage in your retirement years, it’s important to understand the issues of benefit taxation that lie ahead. In a rticle posted on www.huffingtonpost.com, Jackson Hewitt’s Mark Steber provides an overview of how the federal tax…
For Seniors, Teeth Need Care — But Insurance Coverage Is Rare
(By Michelle Andrews for Kaiser Health News) Aging can take a toll on teeth, and for many seniors paying for dental services is a serious concern because they can’t rely on their Medicare coverage. Continue reading article here…… Kaiser Health…
Protecting Your identity is Important to Us
(Source – Social Security Administration) Social Security is committed to protecting your identity and information. We often say that our online services are convenient, cost-effective, and secure to use. We know that in certain instances, like for victims of domestic…
Managing Expenses in the Face of Meager COLA
OK…three-tenths of a percent is something. But it’s also pretty close to nothing. At a time when way over half the population depends on Social Security to meet the bulk of their living costs, it becomes pretty clear that the only way…
Retirement – The Mile Markers Along the Way
The traditional “turning 65” isn’t the only waypoint you need to think about for your retirement years. It actually starts at age 50, as explained in an article by financial strategist and “Money Matters” talk show host Wes Moss. Check…
Tax Implications Associated with 2017 Limits
The modest Social Security benefit increase recently announced has other implications for those still in the workforce, the most significant of which is the $8,700 increase in the ceiling for FICA tax. And there’s the additional 2.35% Health Insurance tax applied…