This Valuable Medicare Benefit Is Operating on Borrowed Time
If you’ve been on Medicare for a while, you probably understand that your coverage changes from year to year. Some of those changes are good, like the $2,000 cap on out-of-pocket prescription drug costs that took effect this year. Others quietly remove or reduce benefits. One benefit was scheduled to disappear at the start of […]
These States Are Already Implementing Medicaid Work Rules
Even if you wanted to, it would be difficult to miss the news about potential cuts to Medicaid, a healthcare program for low-income households and individuals. Whether or not Medicaid is cut, the following states have either implemented work requirements for Medicaid recipients or are in the process of doing so. Where to invest $1,000 […]
If You Put Just $500 in Your 401(k) Every Month for 10 Years, You Could Have This Much Cash by Retirement
If you put $500 into your 401(k) every month for 10 years, that’s a total of $60,000 that you’re saving. And unless you’re using a Roth 401(k), which has its own tax benefits, you’ve likely received a tax deduction for every dollar you contributed. You might be surprised at the nest egg this contribution rate […]
Reinvesting Your RMD in Retirement? Here’s What You Need to Know
Is the IRS now forcing you to take money out of your IRA? If you’re going to be 73 years old (or older) at any point this year and the IRA in question isn’t a Roth account, it will be. They’re called required minimum distributions, in fact, or RMDs. These withdrawals ensure the federal government […]
Are You the Perfect Candidate for a Roth IRA?
Life gets busy, and investment advice can sound like buzzing in your ears after a while. That’s especially true if you’re starting out and learning the ropes. At some point, terms like asset allocation, capital expenditure, and depreciation give you a headache. It’s a lot to take in. Here, we’re diving into Roth IRAs, a […]
Will President Trump Cause Social Security to Run Out of Money Sooner Than Expected? 4 Things to Know.
Some things are worth worrying about, but others aren’t. Recent comments made by Elon Musk, Tesla CEO, tech billionaire, and Trump administration advisor, saying that Social Security is “the biggest Ponzi scheme of all time” is an example of the latter category. However, the possibility that President Trump’s policies will negatively impact Social Security could […]
The Stock Market Is Plunging. Should You Keep Funding Your Retirement Account?
A tumbling stock market has many Americans worried about their retirement portfolios. And if you feel similarly, that’s quite understandable. Even if you’ve been through a stock market downturn before, it can be extremely difficult to sit back and watch your portfolio value plunge day after day. And if you’re feeling helpless and scared, you’re […]
Statistically, There Is a Superior Social Security Claiming Age — and This Is It
In January, roughly 52 million retired-worker beneficiaries received an average check from Social Security totaling $1,978.77. While this is a relatively modest monthly payout, it’s proved vital to helping retirees make ends meet. A recently updated analysis from the Center on Budget and Policy Priorities found that Social Security lifted 22 million people above the […]
