seniors
Turning 65 this year, you need to start planning
According to the U.S. Census Bureau, the U.S. population is approaching a landmark sometimes called Peak 65, or silver tsunami, when more than 12,000 people will start turning 65 each day, hitting an estimated total of 4 million for the…
Here’s Social Security’s Payment Schedule
Social Security sends out millions of benefit payments all month long and, obviously, payments to all beneficiaries are not made on the same day each month. Fact is, the Social Security Administration has a very specific schedule for who gets…
Planning for Retirement – Here are some helpful ideas
Retirement planning can be intimidating, especially if you are mid-life looking at the horizon and wondering what you can do to better your chances of comfort in your golden years. But retirement planning is more than simply “crunching the numbers”…
Bi-Partisan “Save Our Seniors” said to protect Social Security
A bi-partisan trio of U.S. Senators have collaborated to introduce the “Save Our Seniors Act,” intended to keep Social Security’s true financial status front and center in Congress. Companion legislation has also been introduced in the House of Representatives. Fact…
Social Security for Divorced Spouses
“Your ex is worth twice as much dead than alive” proclaims one Social Security pundit, and guess what? That is true. Although there are specific criteria which must be met for a divorced spouse to be eligible for benefits from…
About Medicare Advantage Plans
No doubt about it – many seniors have selected “Medicare Advantage” as their preferred type of healthcare plan. Essentially, Medicare Advantage replaces the federal government’s “original Medicare” with healthcare coverage from a private insurance company. Medicare Advantage plans usually offer…
“SSI” vs. Social Security retirement or “SSDI” benefits
Social Security certainly can be a confusing program, with over 2800 rules codified in over 100,000 SSA website pages. Then add in that the Social Security Administration also administers other assistance programs on behalf of the federal government, and the…
How much will your Social Security benefit be?
The average retiree actually gets a benefit likely much smaller than you think. Many believe that after contributing to Social Security for an entire lifetime, they will be able to retire in financial comfort, but the reality is much less…
Speculation about COLA for 2025
Admittedly, it’s way too early to say with certainty what next year’s Cost of Living Adjustment (COLA) for Social Security will be. COLA is, after all, based on inflation as measured in the 3rd quarter (July – September) of each…
Important information for those new to Social Security
After a lifetime of working and approaching age 62, you might start thinking about applying for Social Security. After all, you’ve worked your entire life, contributing to the program, and feel entitled to start reaping the monetary fruits of your…