seniors
Not sure your nest egg will support your retirement? Here are some tips to correct that.
Many who are approaching retirement are uncomfortable that their savings and investment (otherwise called their “nest egg”) will be enough to keep them comfortable in retirement. It that is you, and you still have some time to adjust, then this…
“Phased Retirement?” More Aging Workers are considering it!
The old tradition of working for a lifetime and then hanging it up to enjoy one’s “golden years” seems to be fading fast. As life expectancy continues to increase, many seniors find that going from full-time work to 100% idle…
Interesting Twist: Social Security Can Free You to Invest More Aggressively
Historically, most investment advisors counsel us to become more conservative in our investment strategy as we approach retirement. Conventional wisdom often suggests changing our investment portfolio from higher-risk stocks to lower risk investments such as the guaranteed returns from the…
5 Key Facts about Medicaid Eligibility for Seniors and People with Disabilities
Options under consideration in Congress to reduce Medicaid spending by nearly one-third in future years could have major implications for seniors and people with disabilities. Nearly 1 in 4 Medicaid enrollees are eligible for the program because they are ages…
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…
What are the Medicare Part D changes in 2025?
On July 30, 1965, when President Lyndon B. Johnson signed the bill that led to the creation of the Medicare and Medicaid program, the programs changed. One of the biggest changes to the Medicare program was to include an optional…
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…
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…
There aren’t any quick fixes to Social Security insolvency
When combining the Old-Age and Survivors Insurance Trust Fund (OASI) and the Disability Insurance Trust Fund (DI), Social Security will be able to pay 100 percent of total scheduled benefits until 2035, according to the Social Security Trustee Report for…
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…