By Michael Berkhahn, CFP® According to GoBankingRates, Tampa residents who saved $1 million for their retirement will run out of money in 18 years, four months, and 7 days on average. Couple that with a recent Charles Schwab Survey which...
The Social Security Administration celebrates Financial Literacy Month (FLM) every April to promote financial education and well-being in the United States. FLM also serves as a reminder that Social Security is a vital part of any financial plan. Our online...
Article and image courtesy of North American Precis Syndicate (NAPSI)  Money can be a stressor for many, but you don’t have to be among them. Creating a game plan and understanding these key terms can help improve your financial health.  Credit...
From the AARP Bulletin, February 2024  Inflation has hurt lots of people on fixed incomes, but it has also created a potential piece of good news: the federal IRS tax brackets have been adjusted to reflect inflation. That could mean...
Question: Will my Medicare premiums be higher because of my higher income?  Answer:  Some people with higher income may pay a larger percentage of their monthly Medicare Part B and prescription drug costs based on their income. We call the additional...
Question: How can I see my earnings or my Social Security statement? (G. Hatter, Ft. Myers)   Answer: You can get your Social Security Statement (Statement) online by using your personal my Social Security account. Your online Statement gives you secure and convenient access to estimates for...
Question: After a person dies, is the Social Security number used or reissued to someone else? (M. Ordones, Miramar)  Answer: No. We do not reassign a Social Security number (SSN) after the number holder’s death. Even though we have...
Question:  How does SSI work? Who is eligible? (G. Vergara, Doral)  Answer:  Supplemental Security Income (SSI) is a federal program funded by general tax revenues (not Social Security taxes). It provides monthly payments to meet basic needs for food, clothing, and shelter....
Courtesy of the Social Security Administration Question: Will my disability benefits be reduced if I get workers’ compensation or other public disability benefits? (D. Mendoza, Hialeah Gardens)   Answer:  If you get either workers’ compensation or public disability benefit payments, we may reduce Social...
Thumbnail image from Pixabay This article was updated on September 11, 2023 By Leslie L. Megyeri  Research by Ashley Whillans of Harvard Business School found that money can buy happiness, including more free time to do things you want and like to do. Achieving happiness...
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