Social Security
Understanding the Connection Between Social Security and Medicare
Reaching your sixties means it’s time to look ahead to your retirement years, and that means starting to take a look at what senior benefit programs like Social Security and Medicare will mean to you. It can appear to be…
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…
COLA Watch 2025…But It’s Still Almost Six Months Away
Projections on what the January 2025 cost-of-living benefit adjustment will look like are beginning to hit the media airwaves. Here’s one preliminary assessment from The Senior Citizens League (TSCL), courtesy of CPA Practice Advisor, forecasting the possibility of a 2.6%…
Healthcare Costs in Retirement…Often Overlooked in the Planning Process
Predicting cash needs in retirement is a daunting task. It often focuses on day-to-day living expenses (e.g., housing, food clothing, travel, etc.) compared to expected income streams (e.g., Social Security, interest on savings, retirement account withdrawals, etc.). That makes sense,…
Understanding The U.S. National Debt and It’s Future Implications
Daily Hampshire Gazette columnist Richard Fein, in a post yesterday on their website, provided a summary analysis of the U.S. National Debt and its implications for the future. Citing the potential for problems in arranging future debt service, coupled with…
Moving? Remember to Alert Social Security!
Many Social Security beneficiaries elect to relocate, some to take advantage of a better climate, some to be closer to family, and some for any number of reasons. No matter why, it’s important that timely steps be taken to avoid…
An Update on Social Security’s On-Going “Customer Service Crisis”
Calling the current state of affairs “not normal” and “not acceptable,” Social Security Commissioner late last week outlined the priorities his leadership is bringing to the Agency in the face of considerable criticism directed at procedures in place. These priorities,…
Ask Rusty – Minister Wants to Maximize Social Security Benefit
Dear Rusty: I want to apply for Social Security, but I want to make sure I get all the benefits I have earned. I am a veteran with a 10% disability rating (not sure if that matters). I am 68…
Many seniors find “un-retiring” is a better option
For many seniors, working a whole career can get stale, causing retirement to look extremely attractive. But about 2 in 5 Americans have found that retirement isn’t all they dreamed it to be, and have returned to work – in…
Need to bolster your retirement income? Here’s how
Of course, everyone wants to maximize their retirement income, but options for doing that as you approach retirement age are scant. You’ve already saved as much as you were able to over your lifetime, so your nest egg is set…