As we inch closer to the end of the year, it’s crucial to make the right moves to minimize your tax burden regardless of the financial success, or lack thereof, you found in the past months. With this in mind, here are some year-end tax planning tips to help you save on next year’s…
As couples approach retirement, they have several financial decisions to make. Some couples might choose to downsize to save money, and others might choose to take on part-time work to stay busy and earn an income. One thing that most couples will have to decide on is their Social Security strategies. Social Security is…
Medicare Part A covers the cost of hospital visits and has a deductible. In 2020, that deductible is $1,408. Medicare Part B covers 80% of the cost of outpatient services, including doctor’s visits, and more. Part B has a deductible of $198 in 2020. Therefore, Medicare does not cover all a person’s medical expenses.…
Medigap, like Medicare, has several plan options. All plans have the same basic offerings, but some offer more comprehensive coverage than others. Read on to learn more about Medigap basics, what they cover, and how to choose the best policy for you. The Medigap Basics Medigap is supplemental insurance available to people who…
When someone needs to change their Medicare coverage, they must wait for an open enrollment period. During this time, they can join a new plan or change their current enrollment. If your needs have evolved and you need to change your Medicare coverage, here are seven things that you should know about Medicare fall…
Anyone who works in the United States pays into Social Security. And, many of the people that pay in expect to use Social Security retirement benefits when they retire. In fact, about 65 million Americans are currently receiving Social Security benefits. If this surprises you, then there might be more that you don’t yet…
For the last several decades, you have been working towards a goal to retire here in the Tri- Cities area. Years and years of your time have been spent rising early, possibly making the long and congested commute to the Hanford site, working forty or more hours per week, and at times sacrificing family and…
For over 80 years, Social Security has promoted the financial security of American taxpayers. Social Security helps retirees continue to receive compensation after they leave the workforce and enter into their golden years. Many women know that when they reach retirement age, Social Security will provide a source of income. There are a few…
Congratulations! Your time has finally arrived. You are officially retired. You no longer need to set your alarm for 4:00 am to make it out to the Hanford Site or to the office on time, nor do you have a need to iron your clothes for work tomorrow. You no longer need to worry about…
If you’ve retired recently – say in the last few months – you’re starting to get the hang of this whole “retired” thing. During your first few weeks of retirement, you woke up a little uneasy, with a nagging feeling that you were missing something you needed to do. You were still waking up at…
