seniors
Does it pay to delay taking your Social Security Benefits?
The current retirement age for anyone born in 1960 or later is 67 years old. The reduction for taking your benefit at age 62 is 30%. If you delay taking your benefits until age 70, your benefit will increase by…
A Widow’s Social Security Journey
The aftermath of losing a spouse is difficult and can be compounded by the stress of dealing with the Social Security Administration when they learn of your spouse’s death. And Social Security does find out – if not from a…
Is your money safe from criminals
Seniors lost nearly $4.8 billion in 2024 after falling victim to scams, according to a recent FBI report. Older Americans made up the majority of victims of investment fraud. Criminals know retirement funds usually contain a large amount of money,…
What is the biggest threat to your retirement
We are all aware that Social Security is facing an insolvency issue if Congress does not act by 2034. If no action is taken by lawmakers, then Social Security may have to cut benefits by 19 percent. But what if…
Well-Being Insurance for Seniors to be at Home Act
Needing long-term services and support could change your retirement. What is LTSS, and how will it affect your retirement? Long-term services and supports (LTSS) encompass the broad range of paid and unpaid medical and personal care services that assist with…
What is your magic retirement number?
Have you established a “magic number” you will need to accomplish all your dreams and hopes in your retirement? If so, is it nearly $1.1 million? According to a recent online survey, “On average, Americans believe they need nearly $1.1…
Could we see a “two-tier” Medicare program?
Did you know that there are roughly 67 million Medicare patients, and 54 percent of them are in a Medicare Advantage plan? Medicare patients make up a large part of many physicians’ practices; however, physicians treating Medicare patients are seeing…
Do you need to updated your estate documents?
You have retired, but your work is not done. There are five changes you should be making now. One of the first things you should do once you are retired, and every five years afterwards, is to review your estate…
Achieving the maximum Social Security benefit
The maximum monthly Social Security benefit amount for 2025 is $5,108, or $61,296 annually. Do you know what it takes to receive that amount? Most people don’t. To earn the maximum benefit, you must understand how Social Security calculates your…
Don’t let fear cost you money
According to Suze Orman, a financial expert with more than 40 years of experience, the biggest retirement mistake you can make is claiming your Social Security benefits early. Delaying your claim can significantly increase your total lifetime benefits, as starting…