seniors
Social Security is six years from insolvency
We keep hearing that the phrase “Social Security Trust Fund insolvency” will happen soon. But most of us tune out the actual timeline of when it will happen. Social Security has six years left, according to the new report from…
Is Medicare Advantage the best option for you?
Medicare Advantage plans provide an alternative to Original Medicare. These plans often bundle Part D prescription drug coverage and may include additional benefits not covered by Original Medicare, such as dental, vision, hearing, or wellness programs. But are they the…
Some retirees won’t be able to take advantage of the new tax deduction
Are there taxes on Social Security benefits is the question that is asked all the time. The One Big Beautiful Bill Act introduced a new tax deduction for most retirees. However, there are certain eligibility requirements that you must meet…
What unretired workers need to know about Social Security
Are you part of the new “unretire” trend among older workers? According to the New School’s Schwartz Center for Economic Policy Analysis, 2.9 million workers between the ages of 55 and 70 have retired due to the pandemic. Following the…
Updated forecast moves depletion date up a year
The Congressional Budget Office (CBO) reported in February that now Social Security’s Old-Age and Survivors Insurance Trust Fund—the primary fund that pays benefits to retired workers, their families, and some survivors of deceased workers—will be exhausted in 2032. It should…
Kick-the-can politics of Social Security insolvency
We are all aware of the looming Social Security insolvency issue, but why is it not front and center on every politician’s agenda? Because the Social Security program has become the third rail, those who raise the issue of what…
Medicare to provide broader drug coverage in April
As of 2025, approximately 68.9 million Americans are enrolled in Medicare. Medicare continues to serve as the primary health insurance program for older adults and certain younger individuals with disabilities in the U.S. Medicare is not a static program; it…
Saving “just a little more” before leaving work permanently.
To retire comfortably, many Americans believe they need over $1 million in savings. What if you had $2 million? Would you retire immediately, or is the fear of running out of money holding you back? Vishesh Raisinghani, writing for Yahoo!…
The tax savings now could lead to greater costs later
In the 2025 Social Security Trustees report, the Old-Age and Survivors Insurance (OASI) Trust Fund (Social Security) will be able to pay 100 percent of total scheduled benefits until 2033; however, according to a projection from the Congressional Budget Office…
Blind spots for new retirees to avoid
So, you pull the trigger and announce your retirement; congratulations! Before you begin this new phase of your life, it’s essential to be aware of some potential problems, or what I would call blind spots, for new retirees to avoid.…