Category: Financial and taxes in retirement
November 16, 2015 — The biggest change affecting Social Security benefits in at least 15 years is about to go into effect on April 30, 2016. It is a change that could cost certain beneficiaries $50,000 over a lifetime. As with any major change to a benefit program there has…
more...
Published on November 16, 2015
Comments 20
Category: Financial and taxes in retirement
November 12, 2015 — The Centers for Medicare & Medicaid Services (CMS) has announced the 2016 premiums and deductibles for the Medicare inpatient hospital (Part A) and physician and outpatient hospital services (Part B) programs. Part B Premiums/Deductibles Most people with Medicare Part B will not see any increase…
more...
Published on November 12, 2015
Comments 8
Category: Financial and taxes in retirement
Update 1. See our new File and Suspend article that explains how the law affects this and other claiming issues for people of different ages. Update2 Nov, 3, 2015: The Budget Bill was approved by the Senate and then was signed by the President into law. October…
more...
Published on October 28, 2015
Comments 61
Category: Financial and taxes in retirement
Note on Nov. 12: Final Medicare costs have been announced, which ended up slightly different than the preliminary predictions discussed in this article. See Final Medicare Part Premiums and Deductibles article. See also related article on how current Congressional bill ends the popular Social Security “File and Suspend”…
more...
Published on October 27, 2015
Comments 10
Category: Financial and taxes in retirement
September 29, 2015 — Earlier this month we ran an article about starting your own business in retirement. This will continue the series, but this time we will concentrate on other ways to make extra money once you retire. With so many baby boomers concerned about their retirement finances (only…
more...
Published on September 28, 2015
Comments 8
Category: Financial and taxes in retirement
September 21, 2015 — We thought this topic would be easy. Do some basic research, then come up with a list of the worst states for taxes on retirement. But after looking at the research we had to say – not so fast! There are so many considerations depending on…
more...
Published on September 23, 2015
Comments 40
Category: Financial and taxes in retirement
September 9, 2015 — Have you been wondering how your retirement income stacks up to that of other retired people in your situation. Or whether it will be enough to provide your pre-retirement lifestyle? Well, thanks to the almost 1500 community-minded members who took the time to contribute their valuable…
more...
Published on September 8, 2015
Comments 17
Category: Financial and taxes in retirement
August 31, 2015 — Charles, one of our members, recently asked an interesting question: “Is 5000/month enough to live on”? To help answer it we have prepared a Retirement Income Survey. We had a great response to this survey, with almost 1500 people taking it. You can see our detailed…
more...
Published on August 31, 2015
Comments 28
Category: Financial and taxes in retirement
August 18, 2015 — Many of us don’t have the interest, the background, or the perseverance to do a great job managing our retirement money. As a result, we often turn to a financial advisor for help with planning and making smart investment choices for the retirement funds that are…
more...
Published on August 17, 2015
Comments 16
Category: Financial and taxes in retirement
July 28, 2015 — If you were hoping for great news in the annual report from the Social Security Trustees, you will be disappointed – the program’s trust funds will still be exhausted in less than 20 years. However if you were looking for a doomsday report, you won’t find…
more...
Published on July 28, 2015
Comments 12