Tag: boomers

Big Social Security COLA will be offset by Medicare premium rollercoaster

Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 – but don’t break out the champagne just yet. For many, higher Medicare premiums will take a big bite out of their raise. The 2018 Social Security cost-of-living adjustment (COLA) will not be announced until October, but inflation trends point … Continue reading Big Social Security COLA will be offset by Medicare premium rollercoaster

Yes, disability really is a part of Social Security

Mick Mulvaney, Trump Administration budget director. Photo: Gage Skidmore Quiz time: what do the letters “SS” stand for in SSDI? If your answer is “Social Security,” congratulations. You know that Social Security Disability Insurance is part of Social Security. That seems obvious, but the Trump administration wants you to think otherwise. “If you ask 999 … Continue reading Yes, disability really is a part of Social Security

Ready, set, go: New retirement advice protections are here

Friday is the day, folks. Starting on June 9, all financial advisers providing guidance on retirement accounts must adhere to the new U.S. Department of Labor rule requiring that they act in your best interest rather than their own. The controversial rule survived a bruising seven-year battle against entrenched interests in the financial services industry, … Continue reading Ready, set, go: New retirement advice protections are here

Working longer: Good aspiration, but not a plan

Many older Americans, asking how they’ll be able to afford retirement, have settled on an answer: Work longer, or never stop working at all. Working longer can make sense as a way to mitigate the risks of rising longevity and declining guaranteed income from pensions and Social Security. Adding even a few years of work … Continue reading Working longer: Good aspiration, but not a plan