Why July Is a Critical Month for Social Security Recipients
July is an important month for retirees. It could affect their monthly income next year. It’s the first month that will help determine their 202...
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2027 Social Security COLAs May Reach a Level Not Seen in 4 Years
Early projections suggest that seniors are on track for a big increase. COLAs are based on inflation, so a large raise isn’t always good news. T...
Here’s the Painful Payroll Tax Increase That Would Be Necessary to Avoid Social Security Benefit Cuts in 6 Years
The government may increase Social Security payroll tax rates to avoid a 22% benefit cut in six years. The payroll tax rate could increase by nearly 5...
Deferring Your First RMD? 2 Hidden Consequences You May Not Know About.
You’re allowed to defer your first RMD to Apr. 1 of the following year. Having to take two RMDs in the same year could raise your taxes substant...
We’re Just Weeks Away From $50 Monthly GLP-1 Coverage for Medicare Beneficiaries. Here’s What You Need to Know.
Medicare is launching a new GLP-1 Bridge program scheduled to last through 2027. This would give qualifying Medicare beneficiaries access to select GL...
3 Reasons Your Social Security Benefits Could Suddenly Shrink, and How to Fix Them
The earnings test could cost you money if you’re working while under your full retirement age (FRA). The government may garnish your checks to c...
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