savings
Which Social Security 2026 Change will hurt the most?
Well, you may be surprised to see that this Motley Fool article by Keith Speights suggests that the 2026 Social Security change that will hurt most is the 2.8% Cost of Living Adjustment (COLA). But how can an increase in…
Do You Know Your COLA?
“COLA” – the annual Cost of Living Adjustment – is an important financial factor which most seniors look forward to each year with considerable anticipation. Especially due to recent inflation, COLA is how we can all keep up with rising…
Delaying Social Security: Risk vs. Reward
Most financial advisors will suggest that waiting for a higher Social Security benefit is a wise strategy, yet very few seniors actually heed that advice. In fact, only about 10% of all SS beneficiaries maximize their Social Security benefits by…
Social Security in 2026
Each year, the Social Security Administration implements changes which can effect you, even if you are not yet collecting retirement benefits. Those changes are largely based upon national economic conditions and, for higher earners, will affect how much SS tax…
Claiming Social Security at 62: Discussing the Pros and Cons
In this interesting article by Kerry Hannon at Yahoo! Finance, the author provides an interesting perspective about the wisdom of claiming Social Security retirement benefits at the earliest possible age (62). It has been an ongoing debate with many diverse…
Ask Rusty – Why Won’t Social Security Give me my Benefits?
Dear Rusty: I called the Social Security office, as well as went with my husband when he went to collect his Social Security. Because I work full-time (at about $800/week), they said I could not file for my Social Security.…
The Retirement Rollover Flexibility Act
The Retirement Rollover Flexibility Act was reintroduced in both the House of Representatives and the U.S Senate on December 4, 2025. This bipartisan, bicameral legislation will allow retirement savers to roll over their Roth IRA savings into a Roth account…
Lower prices for 15 high-cost drugs
The Centers for Medicare & Medicaid Services (CMS) announced that 15 high-cost drugs used by millions of Medicare beneficiaries will get Medicare price cuts in 2027. Seniors are expected to receive an estimated $685 million in out-of-pocket relief, benefiting the…
Are you maximizing your HSA?
Having a health savings account (HSA) offers triple tax savings, where you can contribute pre-tax dollars, pay no taxes on earnings, and withdraw the money tax-free now or in retirement to pay for qualified medical expenses. HSA can be a…
Healthcare costs in retirement
The latest survey conducted by the Nationwide Retirement Institute found 73 percent of respondents list healthcare costs as one of their top concerns for retirement. Also, 71 percent of the respondents say they are terrified of how the expenses could…