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Retirement savings goals can seem unreachable, but don’t despair.
There are all sorts of financial advice columns and tools that will tell you to save 10%,15%, 20% or more for your future retirement. But the needs of everyday life when you’re in your working years can often make those numbers…
New to Medicare or thinking of changing your coverage? Avoid these “traps”.
Medicare’s Open Enrollment period started on October 15th and runs through December 7th. This is the time for anyone enrolled in Medicare to evaluate their existing coverage and consider if they need to change. But there are pitfalls that many new enrollees…
Will Congress act to hold down Medicare premiums?
Without Congressional action in this year’s “lame duck” session, Medicare Part B premiums could soar for about 15 million people not protected by Social Security’s hold harmless provision. These are the people who will be enrolling in Medicare for the first…
Here’s how to be financially secure in retirement.
Maintaining your financial security in retirement is a matter of planning and sticking to that plan. That means doing detailed analyses of both your income and your expenses, managing your investments, and knowing your limitations. This US News article by…
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…