Daily Retirement News Update
January 16, 2020
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How Can You Increase Your Social Security Check? Nearly 65% of retirees rely on Social Security for the bulk of their income after they stop working. It's therefore important to make sure that your benefit check is as large as it can be. How do you do that? Find out here.
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What are Your Medicare Costs for 2020? Medicare deductibles, premiums and co-payment rates are adjusted each year according to the Social Security Act. In 2020, Medicare Part B monthly premiums and the annual deductible have increased. Find out how much here.
Short on Retirement Savings? Ideally, everyone should have enough money saved for a comfortable retirement, but this is not always the case. If retirement is on the horizon and you are short on savings, here are three things that might help make up the difference. Read about them here.
Winter is Tough on Older Folks A lot of people want to move to a warmer climate when they retire. It turns out that this is a good idea because cold winters pose risks and can lead to health problems for older people. Find out why here.
What are Three Big Tax Mistakes Retirees Make? Taxes never end, and there are tax rules that only come into play during retirement. If you are not aware of them, then they can end up costing you big time financially. What are three major tax mistakes that many retirees make? Click here to find out.
Previous Updates
Are You Ready for These Three Expensive Potential Retirement Situations? You might have a financial retirement plan in place, confident that you have everything covered for the day you stop working. But as they say, men (and women) plan, and the universe laughs. What are three expensive potential events that you might not have thought of that could throw your retirement off course?
Want to Claim Social Security Benefits at Age 62? It is a fact that most retirees claim their Social Security benefits at age 62, either because they need the extra cash or do not think that Social Security will last and it is better to get what they can while they can. Yet nearly 40% of people who claimed at 62 wish they had waited. Why?
How to Establish a Retirement "Paycheck" Just because you are retired does not mean that your expenses end. In fact, on a monthly basis, most retirees will spend at least 80% of what they spent when they were working. People who travel or have expensive hobbies often spend more. So how do you create a reliable "retirement paycheck?"
Watch Out for Scam Social Security Robo Calls It is no secret that robo calls are out of control, with some people receiving dozens a day. These automated calls want to sell you things you don't need, or worse, steal information from you. Now we find out that, according to the FTC, the Social Security Administration is the government agency most targeted by robo call scam artists. These criminals are out to get your Social Security number and try to scare you into giving it to them. How do you protect yourself?
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