seniors
Why the new identity verification requirements matter
The Social Security Administration, On April 14th, will adopt new identity verification requirements for those individuals applying for retirement, survivor benefits, spousal benefits, and those who want to change their direct deposit information. If you cannot prove your identity online…
The latest Medicare scam
A new Medicare scam is on the rise, entitizing seniors to “free” or at “no cost to you” genetic testing. These scammers try to convince you by saying it will help detect certain diseases, such as cancers. They will arrange…
When your benefits are really just bonus money
You can begin your Social Security retirement benefits as early as age 62. However, if you start receiving benefits early, they are permanently reduced. What if you are not reliant on Social Security to pay for basic retirement expenses, and…
Social Security changes coming in April
Well, 2025 is proving to be a strange and stressful year for the Social Security Administration. Millions of Americans will see their Social Security checks, and some will receive one for the first time, an increase shortly due to the…
Take steps to avoid a surprise tax bill
“Nothing is certain except death and taxes.” – Benjamin Franklin It is easier to pay your taxes while working; taxes are withheld from each paycheck. However, for retirees, you will pay federal income taxes on your benefits if your combined…
About Announced Social Security Changes to Reduce Fraud
There have been many articles published about a recent announcement by the Social Security Administration requiring certain people to provide in-person proof of their identity. Many of the public media accounts have been misleading or confusing, sometimes written with a…
Healthcare costs in retirement
The cost of healthcare can be challenging at any age; however, in retirement, potential healthcare needs and out-of-pocket costs could narrow your options when it comes time to pay the bills. The Jackson National Life Insurance company released a new…
Retiring at age 80
Retiring at 80? Although it is not common practice, some individuals work longer because they enjoy it. Unfortunately, other individuals need to build their financial security. So, if you plan on retiring later in life, what are things you need…
Fighting Social Security Fraud Surprisingly Controversial
When did efforts to fight fraud become a political “hot potato?” Well, don’t let it ever be said that even the most obvious improvement plan is immune to political criticism, because that seems to be exactly what is happening now.…
SS Disability: Can the IRS Garnish your benefit?
The short answer is yes – the IRS can garnish your Social Security Disability Insurance (SSDI) benefit if you owe back taxes. But this would likely be something of a last resort to collect back taxes which are long overdue…