retirement
Does paying off a mortgage ASAP make sense for retirees?
The Joint Center for Housing Studies of Harvard University recently released a report showing that the number of homeowners aged 65 to 79 with a mortgage on their primary home has increased to 41 percent. Also, homeowners aged 80 and…
More than 7,000 people per day are calling SSA
Recent communications from the Social Security Administration stated, “More than 7,000 people per day have been calling the SSA’s national toll-free number and are choosing to hold so they can speak to a representative about the act.” Remy Samuels reports…
Should you take a buyout?
President Donald Trump’s administration has offered buyouts to federal employees to reduce the government workforce. The deadline is Feb. 6 for more than 2 million workers to accept the offer. Even if you are not one of the federal employees…
What is micro-retirement?
An estimated 13 percent of baby boomers plan to re-enter the job market in The Great Retiree Return, while Gen Z workers are entering into the phase of “micro-retirement.” So, what is micro-retirement, and how does it differ from traditional…
How Americans would prefer to solve the Social Security insolvency
The Social Security Trustees estimate that if lawmakers take no further action, Social Security’s combined Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) trust fund reserves will be depleted in 2035. After 2035, Social Security could still pay roughly…
Saver’s Match could boost retirement savings
In 2027, eligible Gen Z and Millennial retirement savers could see a double-digit increase thanks to the Saver’s Match. Saver’s Match, which replaces the Saver’s Credit, was enacted under the SECURE 2.0 Act, provides eligible taxpayers with a 50 percent…
Unmet dental needs of Medicare Advantage members
According to a recently published study in the JAMA Health Forum, Medicare Advantage dental plans may create barriers to dental care access for seniors despite the plans’ intended purpose of expanding coverage. Medicare Advantage Members with dental benefits reported higher…
Are Social Security benefits taxed?
Do you have to pay income taxes on your Social Security benefit? About 40 percent of people who get Social Security must pay federal income taxes on their benefits. However, this usually happens if you have other substantial income in…
Will you qualify for back payments under the Social Security Fairness Act?
The Social Security Fairness Act signed into law on January 5th, ended the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). These provisions reduced or eliminated the Social Security benefits of over 3.2 million people who receive a pension…
Review of Three Important Social Security Rules
Social Security has hundreds of rules. Most are pretty straightforward, but there are a few that are somewhat obscure and not very well known. It is crucial to know about these rules if you happen to be affected by them.…