In 2023, recipients of Social Security benefits saw the biggest increase in decades in their monthly checks. Although their payouts will indeed rise again in 2024, the cost-of-living adjustment (COLA) will be considerably more modest.
In 2023, seniors were happy to see their Medicare Part B standard monthly premiums and annual deductibles go down for the first time in more than a decade. Unfortunately, that’s not the case for 2024, when these charges will be back on the rise.
If you are a senior on a fixed income, you may worry that you will not have the money to fill your fridge. The Supplemental Nutrition Assistance Program (SNAP) exists to help people make ends meet.
The SSA has overpaid billions of dollars in benefits to Social Security recipients. An overpayment occurs when Social Security gives you more money in a month than you should have gotten. What can you do when they want those payouts back?
The Lifeline Program is a federal program that works to lower the cost of phone and internet services for low-income American households. With the reduced costs that Lifeline provides its customers, seniors can stay connected on a budget.
Most people receiving Medicare enroll in voluntary prescription drug coverage (Medicare Part D). Fifty million beneficiaries selected medication coverage in 2023.
Preparing and organizing your financial information for when you are no longer capable will bring peace of mind to you today. At the same time, it may relieve your loved ones’ burden in the future.
While new knowledge becomes available each year about promising potential treatments for Alzheimer’s disease, recent research is also focusing on the prevention of the disease or mitigation of its symptoms.
If you own a firearm of monetary or sentimental value, you may wonder how to transfer ownership to your loved ones after you die. In addition to creating a will, you may want to make special arrangements for your weapon.
The SECURE Act changed how beneficiaries of inherited retirement accounts must withdraw these funds. Its passage made it more difficult for individuals to pass their retirement savings on to their heirs without tax liability.
Receive Our Free E-Book, Debunking 3 Myths of Estate Planning,
by completing the form below!
