seniors
Social Security Reform: A Potential Costly Mistake
If you follow the news at all, you are likely well aware that the nation’s premier senior retirement program – Social Security – is facing some financial issues in merely seven years! That is certainly cause for concern among our…
Ask Rusty – If We Both Collect Social Security, will our Benefits be Affected?
Dear Rusty: I reached full retirement age back in June, but I have not yet filed to collect Social Security. My husband currently collects SS funds, and he waited until he had reached full retirement age a few years ago.…
Don’t Spend that extra SS money yet – Medicare will cut into your COLA increase!
In an announcement by the Centers for Medicare & Medicaid Services (CMS), we were told that the new cost of our Medicare Part B coverage for 2026 would be $202.90, instead of the $185 per month we paid in 2025.…
2026 COLA: When will we see it?
The government just recently released the 2026 Cost of Living Adjustment (COLA) percentage which those eligible for Social Security can expect next year. But some confusion always exists about when we will actually see our Social Security increase. Well, the…
Closing the “Retirement Savings Gap”
It’s pretty well recognized, especially among financial planners, that Americans suffer a fairly large “retirement savings gap” – that is, they have less in savings than they will require in their so-called “golden years.” That is, of course, an unfortunate…
CMS Announces 2026 Medicare Costs
Somewhat delayed by the recent government shutdown, the Centers for Medicare & Medicaid Services (CMS) has finally announced the costs seniors will be required to pay for their healthcare coverage. As you likely know, Medicare consists of several “parts” called…
Looking to Increase your Retirement Savings? Here’s some good news!
For those of us who see retirement on our horizon, saving as much as possible for those “golden years” is essential. And many choose to use traditional IRAs to bolster our savings, or contribute to our employer-sponsored 401(k) or 403(b)…
Don’t overlook providers network
We are currently in the Medicare Open Enrollment period, during which Medicare recipients can make changes to their Medicare coverage. While most people consider the financial aspects of their coverage, many overlook a crucial factor: in-network providers. Julie Carter, writing…
The 2026 Medicare Advantage changes
Enrollment in Medicare Advantage, the private plan alternative to traditional Medicare, has increased steadily over the past two decades, with more than half of eligible beneficiaries enrolled in Medicare Advantage since 2023. Medicare Advantage typically offers lower premiums compared to…
Medicare will cover weight-loss drugs
Medicare will cover weight-loss drugs under a new deal with drugmakers Eli Lilly and Novo Nordisk. Approximately 10 percent of Medicare enrollees who meet certain medical criteria, such as a diagnosis of obesity or related health conditions, will be eligible…