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Try It NOWCategory: Financial and taxes in retirement
January 28, 2017 — Dear Members. On our “Are You Ready for Retirement” thread MaryNB started an interesting thread about cost of living and coping with various expenses. That generated a raft of suggestions, so many that we have decided to move them all here to a new post just…
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Category: Financial and taxes in retirement
January 2, 2017 — Just as millions of baby boomers start to enjoy their Social Security retirement or disability checks comes a new worry. The problem arises for the folks who, for whatever reason, did not pay off all of their student loan debts. Many non-payers thought that after the…
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Category: Financial and taxes in retirement
December 21, 2016 — Almost everybody agrees Social Security needs some tweaking to keep this popular program running smoothly. After all the latest estimates are that, if no changes are made, starting in 2034 only 75% of promised benefits will be able to paid (Social Security Trustees Annual Report). Politicians…
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Category: Financial and taxes in retirement
Nov. 11, 2016 — The Centers for Medicare & Medicaid Services (CMS) has announced that 2017 premiums for the Medicare inpatient hospital (Part A) and physician and outpatient hospital services (Part B) programs will increase. Because of the low Social Security COLA, (0.3 percent for 2017) a statutory “hold harmless”…
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Category: Financial and taxes in retirement
October 18, 2016 — The Social Security Administration today announced a very modest Cost of Living Adjustment (COLA) for 2017 of 0.3%. There was no COLA in 2016, whereas the COLA in 2015 was 1.7%. The 2017 increase results in a whopping $4 a month based on the average SS…
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Category: Financial and taxes in retirement
Updated Oct. 2023 – There is no shortage of articles on how to “maximize” your Social Security benefit, often from some of the top experts in the field. Some of them advocate taking the benefit early, but just as many advocate waiting. It’s a complicated subject, but the best answer…
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Category: Estate Planning
August 31, 2016 — Consider this unpleasant scenario: You go to bed tonight and don’t wake up. Instead, you go on to your greater reward, leaving a saddened spouse, family, and friends. They, on the other hand, are about to find out how well you prepared for this event. While…
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Category: Financial and taxes in retirement
July 20, 2016 — The decision on when to start taking your Social Security retirement benefits is a very personal matter. Our members report a wide range of answers – from “as soon as I can” to “waiting until the maximum age of 70”. This article will give some highlights…
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Category: Financial and taxes in retirement
July 20, 2016 — The oldest baby boomers, those born in the first post WWII year, are turning 70 this year. To which the IRS is probably saying, “Happy Birthday Boomer”, because the U.S. Treasury is about to get billions in tax presents. That’s about to happen because Required Minimum…
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Category: Financial and taxes in retirement
July 10, 2016 — This is Part 2 of the results from last week’s “How Much Do You Expect to Receive in Retirement” survey. In this installment we will report on the questions having to do with renting, financing, 55+ design features, and general comments about finding a place to…
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