savings
About Fraud in Medicare and Medicaid
Seeking fraud and eliminating government waste seem to be popular buzz words today, and the primary targets on the potential fraud list are Medicare and Medicaid. Indeed, the U.S. Government Accountability Office recently suggested that the federal government loses between…
“Most favored nation” pricing model for certain drugs
According to a recent poll, three in four adults in the United States say the cost of medications is unaffordable. With drug prices in the U.S. higher than in other countries as much as 10 times, President Trump is expected…
Five minutes could make a difference
We all heard the myth about the memory of a goldfish: they have a three-second memory. This claim has permeated popular culture, becoming a common reference point for forgetfulness or a lack of attention. However, this claim has little to…
Engagement and education gaps involving retirement income
A recent study by the Defined Contribution Institutional Investment Association (DCIIA) found “engagement and education gaps involving retirement income remain a major concern.” The study also found low financial literacy surrounding retirement income and low adoption rates of retirement income…
Will living five more years really deplete your savings?
With retirees living well into their 90s and beyond, millions face a growing risk of outliving their savings. Recent research by Nationwide and The American College of Financial Services found an “extra five years increases the risk of running out…
Have you saved enough for retirement?
Although Americans feel they need $1.26 million saved up to retire comfortably, most Americans between the ages of 65 and 74 have a $410,000 median net worth, according to the Federal Reserve Board’s survey. Northwestern Mutual reported that 51 percent…
Declining mortality rates do not bode well for Social Security
“Mortality rates are declining, and living beyond 90 is in reach for many, as medical advancements have made it possible to live longer than ever before.” That statement is the key thrust of this Fortune magazine article about how changing demographics are…
Oh no!!! A COLA Forecast Already?
While it is far to early to accurately predict the 2026 Cost of Living Adjustment (COLA) for Social Security recipients, predictions inevitably happens about this time every year. After all, next year’s COLA won’t be known until early-October of this…
Course Correction at the Social Security Administration Sorely Needed
Amid all of the media hyperbole from liberal Democrats in arms about the Department of Government Efficiency (DOGE) and, most recently, about DOGE activities to cut Social Security fraud and waste, comes a reasoned opinion by a respected media executive…
Ten Tips for Retirement Planning
Although it is sometimes difficult to think about a retirement far into the future, doing so is an important decision, and the earlier you plan, the better your retirement outcome will be. Still, it’s hard to predict how to balance…