Submitted by Lewis J. Walker on Mon, 02/10/2014 - 9:00am
Once more, we hear calls to soak the rich, a.k.a. the wealthiest 1% of the population. Unfortunately, doing that won’t solve the nation’s economic problems. Most likely, the government will end up slamming a lot of taxpayers whose incomes are far from high-end.
Submitted by Jim Blankenship on Tue, 01/14/2014 - 12:00pm
If you find Social Security spousal and survivor benefits confusing, here are the differences and similarities you need to understand as you make decisions about applying for one or the other.
For one thing, you may be entitled to these benefits based on someone else’s Social Security record, such as your spouse or ex-spouse. No matter the size of your own Social Security benefit, you qualify for spousal benefits and survivor benefits if your spouse has a Social Security retirement benefit on record.
Submitted by Eve Kaplan on Mon, 01/06/2014 - 12:00pm
If you are married, you can use your spouse’s Social Security to collect extra benefits, even before you touch your own. This often-overlooked feature may add thousands of extra dollars to your retirement income.
Social Security has a Rodney Dangerfield problem because it just doesn’t get the respect it deserves. It is a great risk-free, cost-free inflating annuity for life. But what’s even better is that married couples have additional ways to increase benefits.
Submitted by Bert Whitehead on Thu, 01/02/2014 - 9:00am
Long-term care insurance is over-priced and often sold to people who don't need it. The worst part is that when people have to use it, they’re more likely to feel frustrated, disappointed and dissatisfied than to enjoy the comfort and peace of mind they expect.
Submitted by Lewis J. Walker on Tue, 12/31/2013 - 9:00am
As the giant baby boomer generation enters old age, who will be their caregivers? A shortage looms, with possibly dire consequences.
Most Americans are in the dark when it comes to understanding the true cost of health care. A collision between demographics, technology and the Affordable Care Act is a jarring trifecta that will affect multiple generations.
Submitted by Tom Orecchio on Thu, 12/26/2013 - 12:00pm
Long-term care insurance is something everyone needs, and the earlier they buy it, the more affordable it is. Not that it is cheap. But coverage generally gets costlier, year by year, and more so for those in their 50s and 60s.
Most younger people probably do not think of LTC, as it’s called. It’s no surprise older people, who are retired or close to it, think about it: They want to prepare for what could be a huge financial burden. They fear the potentially corrosive power of LTC costs on their retirement savings.
Submitted by Brad Mueller on Thu, 12/12/2013 - 3:00pm
Elder care looms large in your life if to you falls the responsibility of caring for parents or other elderly family members. Here’s what to know and how to plan for it.
The sandwich generation describes those squeezed between caring for their aging parents and supporting their dependent children. Studies show that nearly half of adults in their 40s and 50s have a parent 65 or older – perhaps on the lip of beginning to need long-term care.
Submitted by Brad Mueller on Wed, 11/06/2013 - 12:00pm
You know the day’s coming when you need extra care – at home, in a hospital, in a special residence. You also know your care in those times will cost big bucks. Here’s how big, and how to prepare.
Long-term care insurance (LTC) covers nursing-home care, home-health care and personal or adult day care for those older than 65 and with a chronic or disabling condition that needs constant supervision. Private LTC also often offers better flexibility and options than many public assistance programs.
Submitted by Larry Frank Sr. on Fri, 09/06/2013 - 12:00pm
Social Security officials often encourage starting benefits as soon as you are eligible. But they can’t counsel you on filing strategies. Convenient for them but inconvenient for those who don’t know the ins and outs of filing and may file too early in life.
If you or someone you know started benefits early, strategies exist to still enhance monthly benefit checks or even let the recipient take a job without losing benefits. Knowing the filing rules helps maximize retirement income.