Washington, D.C. – Representative Marjorie Taylor Greene made a bold statement during President Biden’s State of the Union Address by shouting, “Say her name!” The slogan was displayed on a T-shirt under her jacket, which featured a pin of a picture of the person she was referencing – Laken Riley, a 22-year-old nursing student who … Read more
Private insurance companies partner with healthcare providers to provide Medicare Advantage plans that offer extensive coverage, reduced out-of-pocket expenses, and additional benefits. As more seniors become aware of the advantages of Medicare Advantage over traditional Medicare, the program’s popularity is increasing.
Beginning in April, rebates can save Medicare beneficiaries more money. Expect to save between $1 to $390. On Wednesday, the White House stated that 27 different pharmaceuticals will now be eligible for Medicare Part B refunds because their prices had risen faster than the inflation rate.
There are a lot of folks who wish they could stop working sooner rather than later. However, it is common for workers to need to begin contributing to their savings at a relatively young age to make this a reality.
Most people’s long-term objective is to retire comfortably, preferably sooner rather than later. However, the road ahead can become hazier after people have made the monumental choice to leave their employment behind. Some retirees will move to a warmer climate or to be nearer to family and friends; others may choose to settle into communities tailored to the needs of seniors, which provide the amenities and assistance that are important to them.
You would not be alone in entertaining the thought of continuing to work after retirement. The Bureau of Labor Statistics estimates that by the time we reach 2030, the percentage of adults aged 75 and more who are employed will have increased by 96.5 percent.
If you are approaching retirement age, you may be interested in the changes implemented due to a government funding bill.
The Secure 2.0 retirement provisions, numbering in the dozens, were included in the omnibus spending bill that passed Congress last week. The reforms are meant to benefit people who are saving for or are already in retirement, but some may be of particular use to those on the cusp of retirement.
Without a 401(k) via your employer, saving enough money for retirement can be difficult, but it is certainly doable. If you want your money to grow tax-free, you can open a savings account or a Roth IRA instead. If 2022 is still a year in which you hope to contribute to your retirement fund, here are options to consider.
Many Americans are blissfully unaware of just how fast their hard earned money can actually fly out of their wallet, leaving them scratching their heads. Between the costs of living, housing and health maintenance, are you truly aware of how much you potentially have to work with within your budget?
Rising interest rates are making annuities more appealing to investors, to the point that annuity sales are breaking records set during the Great Recession in 2008. Annuities, which may provide retirement income, are becoming a viable choice for employees whose companies do not offer pensions.