seniors

Why are more individuals starting Social Security

In April, more than 72 million Americans collected Social Security benefits, according to the Social Security Administration’s monthly statistical snapshot, an increase of 195,000 from March. Why the increase? Is it because more individuals reached 65 and older, or is…

Retirement benefits of a HSA

Health Savings Accounts (HSAs) were established as part of the Medicare Prescription Drug, Improvement, and Modernization Act, signed into law by President George W. Bush on December 8, 2003, effective January 1, 2004. In the twenty years since the creation…

Help boost the amount of your monthly check

A recent Gallup poll found that 59 percent of retirees said their monthly Social Security check is their leading source of income. So, achieving a higher monthly benefit is essential to many seniors. But what if you were many Americans…

The two problems with COLA

The Social Security Administration calculates the COLA by comparing the average of the CPI-W for July, August, and September of the previous year with the average for the same three-month period in the current year. The percentage change is the…

Repealing WEP and GPO…More Legislative Push

In a post on asppa-net.org, the American Society of Pension Professionals & Actuaries provides a recap of actions in two states–Alaska and Louisiana–advocating for repeal of Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) based on the…

Can Annuities help with your Social Security strategy?

There are a myriad of options to consider when deciding to claim Social Security benefits. Eligibility spans eight years, from age 62 to 70. If you want to retire early and delay taking Social Security, how do you fill in…

Members of American Federation of Teachers attend hearing for HR 82  ( Social Security Fairness Act)

The Windfall Eilimination Provision (WEP) and Government Pension Offset (GPO) affect the Social Security benefits of some government workers who are exempt from Social Security Tax.  This legislation was meant to help offset the fact that these workers are treated…

Should you delay taking Social Security benefits until 70?

A person who is eligible for Social Security can claim benefits anytime between 62 and 70.  If you take it early your benefit will be reduced. If you wait until 70 you will receive the maximum payment. There is a…

Dental coverage, especially important for older Americans, is not covered by Medicare.

Dentists understand the importance of healthy teeth and gums.  Despite this, Medicare rarely, if ever covers the cost for these services. The great majority of older Americans are paying out of pocket or not getting basic dental service which could…

Important Guidelines for reducing Scams

Senior citizens are especially vulnerable to scams.  To protect yourself from fraud there are general guidelines you can follow.  This article is focused on the state of New York and Medicare, but the information is helpful to everyone. Notice: The link…

Website by Geiger Computers