seniors
Will you lose all your COLA increase to Medicare?
On October 24th, the Social Security Administration announced a 2.8 percent cost-of-living adjustment. This announcement means that, on average, the monthly Social Security benefit will increase by $56. However, many people are awaiting the announcement of the Medicare Part B…
Should we change how COLA is calculated?
Social Security recipients will receive their 2.8 percent COLA increase in January; however, with the annual inflation rate of 3 percent, seniors are struggling to keep up with rising prices. Not only are seniors dissatisfied with the meager amount, but…
Why only 8% wait until age 70
You can start receiving your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits only when you reach your full retirement age. If you delay taking your benefits from your full retirement age…
The true cost of health care
Let’s face it, Medicare will not cover all your health care needs in retirement. Plus, there is a cost associated with it. Suze Orman, financial expert, says many Americans underestimate this critical cost in retirement. What is it? Moneywise outlines…
Taking the necessary steps to avoid mistakes in retirement
Your retirement is almost here. Your plans to play more golf, visit the grandchildren, and just enjoy your life now that you are no longer accountable to a time clock. But before you start to celebrate, you need to avoid…
What You Can Do If Your Medicare Advantage Insurer Leaves
Insurers are reducing the number of Medicare Advantage health plans offered in 2026. However, analysis from Investopedia found that in the Medicare Advantage marketplace, “while 1,949 counties in the US lost at least one Medicare Advantage plan in 2026, 798…
Is retirement unattainable?
A recent survey from TIAA Retirement Solutions found “the traditional goal of retiring between the ages of 65 and 70 is considered unattainable by two-thirds of Americans today, and many expect to work as long as their bodies will allow…
The nuts and bolts of the new tax deduction
When President Trump signed the One Big Beautiful Bill Act in July 2025, many seniors thought they would not have to pay taxes on their Social Security benefits; unfortunately, it did not eliminate taxes on Social Security benefits. However, for…
Western nations are addressing similar public pension challenges
The good news is that more than 74 million Social Security recipients will receive a 2.8 percent cost-of-living adjustment starting in January 2026. However, the Bureau of Labor Statistics has just released the annual inflation rate at 3 percent, further…
Where to start during Medicare open enrollment
The Medicare Open Enrollment Period for 2026 is from October 15 to December 7, 2025. During this time, beneficiaries can enroll in a new plan, switch plans, or drop their current coverage, with changes taking effect on January 1, 2026.…