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Seniors on Medicare Just Got Some Really Good News

(Maurie Backman) It’s hardly a secret that healthcare is a huge burden for many retirees. And the cost of Medicare plays into that. While Medicare Part A, which covers hospital care, is generally free for enrollees, Part B, which covers diagnostic services and outpatient care, costs money. Part B premiums start at a base amount …

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Ask Yourself These 3 Questions Before Taking a Retirement Plan Withdrawal

(Maurie Backman) It’s a good idea to save for retirement in a 401(k) plan, IRA, or both. First of all, these plans offer a host of tax benefits. With traditional IRAs and 401(k)s, you get tax-free contributions. With Roth accounts, you get tax-free gains and withdrawals. Plus, you’ll need money in a retirement plan to …

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Why Investing in Income Properties Is Not Part of My Retirement Strategy

(Maurie Backman) There’s a reason so many retirees tend to struggle financially — they don’t set themselves up with enough income streams for their senior years. Many seniors end up turning to Social Security to provide the bulk of their income (or, in some cases, all of their income). But those benefits generally won’t set …

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Planning to Take Social Security at 62? 3 Reasons to Wait Until 70

(Adam Levine-Weinberg) A big question for Americans nearing retirement is when to file for Social Security benefits. While the US government has set full retirement age at 67 for people born in 1960 or later, Americans can choose to take a reduced Social Security benefit as early as age 62 — or wait beyond full …

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Planning to Take Social Security at 62? 3 Reasons to Wait Until 70

(Adam Levine-Weinberg) A big question for Americans nearing retirement is when to file for Social Security benefits. While the US government has set full retirement age at 67 for people born in 1960 or later, Americans can choose to take a reduced Social Security benefit as early as age 62 — or wait beyond full …

Planning to Take Social Security at 62? 3 Reasons to Wait Until 70 Read More »

Planning to Take Social Security at 62? 3 Reasons to Wait Until 70

(Adam Levine-Weinberg) A big question for Americans nearing retirement is when to file for Social Security benefits. While the US government has set full retirement age at 67 for people born in 1960 or later, Americans can choose to take a reduced Social Security benefit as early as age 62 — or wait beyond full …

Planning to Take Social Security at 62? 3 Reasons to Wait Until 70 Read More »

Planning to Take Social Security at 62? 3 Reasons to Wait Until 70

(Adam Levine-Weinberg) A big question for Americans nearing retirement is when to file for Social Security benefits. While the US government has set full retirement age at 67 for people born in 1960 or later, Americans can choose to take a reduced Social Security benefit as early as age 62 — or wait beyond full …

Planning to Take Social Security at 62? 3 Reasons to Wait Until 70 Read More »

Medicare Enrollees Have a Big Decision to Make

(Maurie Backman) Millions of seniors rely on Medicare to cover their health-related needs. But Medicare offers different types of coverage, and choosing the right plan could spell the difference between reasonably affording healthcare in retirement and struggling to keep up with it. Meanwhile, we’re only a few weeks away from the start of Medicare’s open-enrollment …

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