Blog

Saturday, September 19, 2020

With the pandemic closing Social Security offices and the postal service slowing mail delivery, you may be asking yourself - How do I navigate Social Security Administration's bureaucracy? Fortunately, Social Security has upped its...

 

Monday, June 29, 2020

John B. Larson (CT-01), Chairman of the Ways & Means Social Security Subcommittee, introduced the “Social Security 2100 Act,” on January 30, 2019. To date, the House of Representatives hasn’t acted on this bill....

 

Thursday, June 11, 2020

Social Security fraud was already a problem when the global COVID-19 pandemic hit the United States early this spring. Now fraudsters have added new ploys involving the public health crisis to exploit unsuspecting victims. The novel...

 

Sunday, May 24, 2020

Social Security benefits lost 30% of buying power since 2000, according to the latest Social Security Loss of Buying Power study released by The Senior Citizens League (TSCL). “This year’s study found a three percentage...

 

Friday, May 8, 2020

Want to compare Social Security filing strategies? Many individuals are contemplating beginning their Social Security benefits sooner, rather than later, due to the COVID-19 pandemic with its employment and stock market impact. Knowing...

 

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Monday, April 27, 2020

There are many recently released articles similar to the AP news announcement linked below, proclaiming pending insolvency to our Social Security and Medicare programs. While these articles are factually correct, they dismiss several...

 

Thursday, April 23, 2020

Social Security Combined Trust Funds Projection

 

Friday, April 17, 2020

Medicare will cover the testing of COVID-19, along with medically necessary hospitalizations and services in connection with the illness. Original Medicare Clients who have Original Medicare and supplemental insurance (Medigap) should...

 

Wednesday, April 15, 2020

This week, the Treasury Department and IRS launched a web portal aimed at people who typically do not file tax returns, mostly because they have little to no taxable income. For most taxpayers, their payments will be based on their...

 

Friday, March 20, 2020

As the number of cases of COVID-19 increases, so does the importance of programs like Medicare in helping older adults, people with disabilities, and their families build and maintain their health and economic security. Accordingly,...

 

Sunday, February 9, 2020

In the United States, Medicare is the health care system for individuals 65 and older (and disabled individuals who have received Social Security disability benefits for 24 months). As comfortable as you may be with your pre-65...

 

Thursday, November 14, 2019

Social Security can be complicated and, as a result, many individuals don’t have a full understanding of the choices they may have. Here are five facts about Social Security that are important to keep in mind: 1. Social Security...

 

Tuesday, July 30, 2019

The graph below says it all. The age at which most people claim Social Security (green line) is opposite to the age at which they SHOULD claim Social Security (purple line). According to The Retirement Solution Hiding in Plain Sight:...

 

Tuesday, July 16, 2019

One of the best pieces of advice you can give clients at retirement is how to appeal the Income Related Monthly Adjustment Amount, or IRMAA. Amid the long checklist of things clients must do at retirement, this can easily be...

 

Saturday, July 6, 2019

If a individual has never worked, or has worked but earned less than 40 credits, he/she may qualify for free Part A based on his/her spouses’ earnings record. The spouse claiming the Medicare must be at least 65, and the spouse...

 

Tuesday, June 4, 2019

The Good: Social Security has been around since 1935 and has never missed a pay day! There is currently over $2.8Trillion in the Social Security Trust Fund. You only need to contribute for 40 quarters (10 years) to be eligible for a...

 

Saturday, June 1, 2019

3 Ways You Can Accidentally Shrink Your Social Security Benefits

 

Thursday, May 30, 2019

Don't Buy the Hype

 

Sunday, May 19, 2019

What is IRMAA? IRMAA stands for Income-Related Monthly Adjustment Amount. Everybody pays premiums for Medicare Parts B and D. That’s just like any health insurance, but high income enrollees pay more. IRMAA was first enacted in...

 

Tuesday, May 14, 2019

It will be there for YOU! Social Security has never missed a payday and it won’t in the future. Talk about the demise of our Social Security program has been going on for decades and today there is over $2.8 Trillion dollars in...

 

Tuesday, May 7, 2019

Social Security was created during President Franklin D. Roosevelt’s administration in the midst of the Great Depression. It was established in 1935 and our Social Security program was never intended to be the sole source of...

 

Sunday, May 5, 2019

Social Security: 4 Smart Ways to Get More Benefits

 

Tuesday, April 23, 2019

2019 Social Security Annual Report Summary

 

Sunday, April 21, 2019

A new study by Bankers Life for a Secure Retirement, A Growing Urgency, Retirement Care Realities for Middle-Income Boomers, has found what we all pretty much knew to be true: Baby boomers are not prepared for the possibility of...

 

Wednesday, April 17, 2019

Understanding when to sign-up for Social Security may sound easy, until you realize the multitude of options you have to consider. Some of these decisions are irreversible and could cost you over $100,000 of income during your...

 

Tuesday, April 2, 2019

Social Security 2100 Act

 

Tuesday, April 2, 2019

Social Security is the largest source of income for the average retiree and your decision on when to begin income is important. Uninformed decisions on your Social Security benefit, and not considering coordination of spousal,...

 

Friday, March 1, 2019

Retirement before age 65 If an individual retires before the Medicare-eligible age of 65, he may have several options: Retiree insurance. Only 18% of large firms offered retiree insurance in 2018, compared to 66% in 1988, according to...

 

Wednesday, February 6, 2019

What can a client do if he starts his Social Security benefit and later changes his mind? Say he goes back to work and no longer needs the income, or he has other sources of income to draw from and wants his Social Security benefit to...

 

Wednesday, February 6, 2019

Medicare does a pretty good job of keeping people healthy. Upon initial enrollment in Part B, Medicare pays for an initial preventive physical examination in which doctor and patient review medical and social health history and...

 

Sunday, January 6, 2019

Social Security, Medicare, and the federal budget When the Treasury Department announced that the federal budget deficit rose 17% to $779 billion for fiscal 2018, Mitch McConnell immediately seized on entitlement programs as drivers...

 

Sunday, January 6, 2019

Tax torpedoes and Medicare minefields Once upon a time, tax planning was relatively straightforward. To determine how an additional dollar of income would be taxed, you would look at the tax tables to determine the client’s...

 

Wednesday, August 8, 2018

Tip: How Much? Check your Social Security earnings and see an estimate of your benefits on the website, www.ssa.gov. Social Security’s been a fact of retirement life ever since it was established in 1935. We all think we know how...