Many people wonder if Social Security will run out of money before they can collect their benefits.Each year, the Trustees of the Social Security and Medicare Trust Funds release lengthy reports to Congress that assess the health of these important programs.How Social Security and Medicare will be affected by the COVID-19 pandemic is still uncertain; the Trustees acknowledge that the estimates and analysis included in the reports do not reflect the potential effects.
What Will You Pay for Medicare in 2020?
Medicare premiums, deductibles, and coinsurance amounts change annually. Here’s a look at some of the costs that will apply in 2020 if you’re enrolled in Original Medicare Part A and Part B.
Quiz: Can You Answer These Social Security Benefit Questions?
Most people will receive Social Security benefits at some point in their lifetimes, but how much do you know about this important source of income? Take this quiz to learn more. Questions 1. Can you receive retirement and disability benefits
Four Financial Issues to Watch Under the New Administration
On January 20, 2017, Donald J. Trump will be sworn in as the 45th president of the United States. Between now and then, attention should largely focus on efforts to facilitate an orderly transfer of power, but there will be
GAO Report Reveals Why People Claim Social Security Benefits Early
Why would people choose to claim Social Security retirement benefits at the earliest possible age of 62, rather than waiting until their full retirement age (66 to 67 for anyone born in 1943 or later), when doing so would reduce
When To Start Receiving Social Security Retirement Benefits
If you are a member of the Baby Boomer generation and will soon reach traditional retirement age, you are probably wondering when would be the best time to apply for Social Security benefits. This short presentation provides an overview of
The LuminaFi Report
Happy New Year! It’s time to take action on all those resolutions and therefore, I’m pleased to present the first issue of the LuminaFi Report. The aim of the LuminaFi Report is to provide you valuable information to help you