seniors
Do billionaires collect Social Security?
Most of us want to know if billionaires collect Social Security. Yes, per the Social Security rules, they can collect their Social Security, but only if they pay into the system. You must pay Social Security payroll taxes on the…
Calming fears about the future of Social Security
The biggest fear among retirees is the reduction in Social Security, or the program will cease to exist, according to the Transamerica Center for Retirement Studies. This fear has led to a record number of individuals applying for their Social…
What is the new overpayment recovery rate?
According to an emergency message released by the Social Security Administration, the Social Security Administration is stepping back from the 100 percent withholding rate on new overpayment benefits to 50 percent for select beneficiaries only. However, the agency has not…
Is it too late to boost your benefits?
You started receiving your Social Security retirement benefits and are not thrilled with the amount. Are you aware you have options to boost your benefits? Maurie Backman discusses two options available to increase your Social Security benefits even after you…
What Is the Best Age to Claim Your Social Security?
This depends on your personal situation. If you are married, this decision should be made with your spouse. Look at your expected longevity (family history), your other retirement accounts, and how heavily dependent will you (or your survivor) will be…
When Will You Get Your Social Security Payment in May 2025?
Social Security does not send everyone’s payment out on the 1st of the month. The 1st is when Supplemental Security Income (SSI) payments are received. You receive your Social Security payment based on the day of the month that your…
A costly mistake for many Medicare Advantage enrollees
A recent study by a leading healthcare system found that people on Medicare Advantage plans are not utilizing dental and vision supplemental benefits provided by their health plan. One of the major draws for a Medicare recipient to choose a…
“Original Medicare” vs. Medicare Advantage – A national picture
In this interesting article, a study found that most seniors living in rural areas tend to rely on the federal government’s “traditional Medicare – Part A and Part B” to provide their healthcare insurance, versus opting for enrollment in private…
Declining mortality rates do not bode well for Social Security
“Mortality rates are declining, and living beyond 90 is in reach for many, as medical advancements have made it possible to live longer than ever before.” That statement is the key thrust of this Fortune magazine article about how changing demographics are…
An Idea to Save Social Security Money
In this piece by a prominent Social Security disability executive, an opinion is offered for how to save about $400 billion of Social Security’s money. The opinion offered describes the Social Security disability program known as “SSDI” (Social Security Disability…