Last night, my friend, Jane, invited me for drinks on her deck. We spent a lovely evening overlooking the Frying Pan River. “I’m going to do exactly what you told me to do about Social Security,” she said at one point. Of course, I didn’t remember what I’d told her, but she reminded me. Jane […]
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IS IT BEST TO WAIT AS LONG AS POSSIBLE FOR SOCIAL SECURITY? NOT NECESSARILY! Are you searching for that magic moment that will give you the most from Social Security? How do you find it? Where will you look? Waiting for Social Security Can Cost You You can begin collecting Social Security any time between […]
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The choices you make today will affect your Social Security payment amount later on. This is true, even if you are in your 60s and are rapidly approaching retirement age. It’s especially true for our daughters and granddaughters, who still have several years, or even decades, to go before retirement age. I always thought that […]
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5 TIPS TO NEW SOCIAL SECURITY LAW The Bipartisan Budget Act of 2015 made some significant changes to Social Security law. The new laws do away with some lucrative claiming strategies. You may still be eligible for these additional funds, but if you are, you need to act quickly. If you will be 66 or […]
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Social Security: How is it Calculated? As you approach retirement, you’ll want to know what your future Social security payment will be. As I talk to readers, I find there is confusion about how benefits are calculated. Some think it is based on your last five or ten years of work and that taking a […]
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Social Security and Divorce Most Common Questions-Caller #6 Question From Al–Can He Get Spousal Support if He’s Divorced? He’s 58 and just getting his feet wet learning about retirement and doesn’t know where to start. (He needs to read my book!) He had been married for 30 years. Both he and his wife have worked enough to […]
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Medicare Part B. What’s Changed for 2016? How Much Does it Cost? Part B premiums will undergo significant changes in 2016. The deductible will go up to $167 per year for all participants. The premium amounts will vary depending on your circumstances. If your Medicare premium is currently being deducted from your Social Security check, […]
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Medicare Part B is optional. You will be automatically enrolled in Part B with Part A when you reach age 65. You should receive your card three months before your 65th birthday. You will also receive instructions on how to reject Part B should you not wish to participate. Coverage includes doctor visits, x-rays, vaccinations, […]
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Medicare is a national health insurance program that covers workers and ensures they receive medical care from age 65 on. Eligibility: To be eligible, workers must have paid Medicare taxes for at least ten years and been a legal resident of the United States for five or more consecutive years. Coverage: If you qualify, Medicare is provided regardless of […]
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A few days ago I did a talk at our local Senior Center. When I was first asked to speak my thought was, most of these people are already retired and collecting Social Security, they don’t need my help. But, I found that there was still confusion on a number of issues, even though most of […]
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