Many people over the age of 65 are choosing to remain in the workforce. As Americans we are living and working much longer than previous generations. While this is a good thing, you may be faced with a decision of staying on your small company’s insurance plan or enrolling for Medicare. Here is how this [...]
Many insurance providers have what is called pre-existing condition exclusion. This means that the level of service that is provided to you from that insurance company can change based upon your health. This is not the case with Medicare. […]
Do you or your spouse have a health savings account or an HSA? They are a great benefit that can be coupled with a high deductible insurance plan that is offered by many companies. You may be wondering how your HSA might interact with Medicare or Medicare benefits. Let’s take a look. […]
Did you know that there may be instances where you are taxed on your Social Security benefits? Depending on what kind of retirement accounts you are drawing from there is a risk that your benefits could add to your total income increasing the amount you must pay in taxes. Here is some information to keep [...]
Social Security benefits are an important part of many people’s retirement finances. Because of this you want to be able to maximize the benefits that you are going to be receiving. Here are some tips that will help you maximize your benefits. […]
The spousal benefit can be a pretty confusing part of your Social Security benefits. For example, if you are a primary earner, but your low income earning spouse (who happens to be older than you) wishes to collect their spousal benefits based on your income they may not be able to. […]
Did you begin collecting your social security benefits sooner than you actually needed to? If you did this means that you could be affecting the amount of benefits that you are going to be receiving later in life. Fortunately there is something that you can do. It is called a Start Stop Start strategy that [...]
Is renting a better option for seniors than owning? While renting does come with the high cost of rent, there are some benefits that come along with renting a place over owning. It may be for you or your elderly loved one. Take a look at some of the benefits to renting versus owning as [...]
Many seniors believe that they simply don’t have time to continue investing like they did earlier in life. This is simply not true. While it might take a little more finesse than in previous years there is plenty of time to let the money that you have work for you. Here are some tips for [...]
The VA offers many benefits for elderly veterans that they might not be aware that they are eligible for. One of them is the Aid and Attendance benefit. This benefit can help elderly vets and their spouses pay for care as they get older. […]