Back in 1935 when Social Security made its debut, the government had to all but force older Americans to claim their benefits. Today, the situation couldn’t be more different. Baby Boomers reaching retirement age can’t wait to get their hands on this benefit. It seems that everyone knows the earliest you can claim Social Security is age 62. But, is that the best … [Read more...] about Social Security: It’s a Big Financial Decision
Social Security
WEP and GPO repealed—it took Congress 23 years to act
Many retired public sector workers will finally get the Social Security benefit they earned So, how is your New Year starting out? For nearly 3.5 million retirees who earned a pension from working in the public sector, it’s starting out great. That’s because after 23 years of haranguing in Congress, both houses finally passed the Social Security Fairness Act of 2023. In an … [Read more...] about WEP and GPO repealed—it took Congress 23 years to act
This is the year to reshop your Part D plan!
Do Not Skip Reshopping for 2025 during the Open Enrollment Period Well, this year’s Medicare Open Enrollment Period is loaded for bear. It is definitely not the year to skip reshopping your Part D plan. The window to reshop your Part D plan is open only between October 15 and December 7. The sheer number of changes for 2025 is staggering. Every person with a Part D plan … [Read more...] about This is the year to reshop your Part D plan!
2025 Social Security COLA set at 2.5%
There’s always a tremendous amount of speculation about Social Security’s annual cost of living (COLA) increase. In fact, the first soothsayers stir the pot as early as February or March each year. Yet the COLA is only announced after inflation rates are known for the third quarter. Right on time, the Social Security Administration released the 2025 Social Security COLA on … [Read more...] about 2025 Social Security COLA set at 2.5%
Get Ready for Big 2025 Medicare Part D Changes
Are you already in Medicare and have your prescriptions covered by a Part D plan? Or maybe you are reading this because you will be starting Medicare in the next few years? Either way, it’s important to get up to speed on the 2025 Medicare Part D changes. There are going to be a lot of them! The focus in the media lately has been on the $2,000 out-of-pocket (OOP) cost cap … [Read more...] about Get Ready for Big 2025 Medicare Part D Changes
Working After 70? Your Social Security Claim Triggers Medicare Part A (Part 3)
Don’t leave money on the table, or overcontribute to your HSA If you’re planning on working after age 70, you may run into a different situation with Medicare. But not because of Medicare. Rather, it has to do with your Social Security claiming strategy. And you may find you’ve been overly generous in contributing to your HSA. To build more details of all the HSA and … [Read more...] about Working After 70? Your Social Security Claim Triggers Medicare Part A (Part 3)
