Boomerbaggage

Facebook Twitter RSS

Improve Your Financial Decision- Making
While Planning for Life Events

  • Home
  • Financial Planning
  • Insurance
  • Investments
  • Medicare
  • Social Security
  • Wills & Estates
  • Continuing Education
  • Fitness
  • Giving Back
  • Grandparents
  • Self-Employment
  • Travel

What Will You Pay for Medicare in 2018?

Posted by Rich Grant on December 15, 2017 in Social Security & Medicare

The Centers for Medicare & Medicaid Services (CMS) has announced that the standard monthly Part B premium in 2018 will remain $134 (or higher, depending on your income). In 2017, most Medicare beneficiaries who received Social Security benefits paid a lower monthly premium ($109, on average). However, this is likely to change in 2018. Due…

Full Article Here

Social Security and Medicare Update – 2016

Posted by Rich Grant on July 7, 2017 in Social Security & Medicare

Those of you who rely, or will rely, on Social Security and Medicare should watch this video. Social Security and Medicare Update-2016 provides detail on where these programs are financially. Social Security Claiming Trying to figure out the details of Social Security? Trying to decide when to begin collecting your benefits? This post may help: Social…

Full Article Here

Social Security Claiming: Retirement, Spousal and Survivor Benefits. Both An Economic and a Personal Decision.

Posted by Rich Grant on July 7, 2017 in Social Security & Medicare

Knowing when and how to claim your Social Security benefits is not easy. However, a November 2015 law made certain claiming strategies easier to understand, but not as lucrative for married couples. Let’s take a look at strategies to collect monthly Social Security amounts when both you and your spouse are living. We will review…

Full Article Here

Representative Payee: A Caregiver Managing Money

Posted by Rich Grant on May 23, 2017 in Social Security & Medicare

Do you know someone elderly who needs help handling their money? Have you worried about whether an elderly family member is spending their money wisely or being scammed? Do you worry that an elderly friend’s day to day needs are being met? Do you believe you can help manage their money? That is the purpose…

Full Article Here

Medicare Coverage, Should You Have Additional Health Insurance?

Posted by Rich Grant on May 9, 2017 in Social Security & Medicare

It’s often wise to purchase health insurance to supplement your Original Medicare coverage. Medicare generally won’t cover all of your medical expenses. Usually, you’ll have to satisfy a deductible before Medicare pays anything. You will also pay a co-payment when you visit a physician or are admitted to the hospital. Medigap May Plug the Gaps…

Full Article Here

Baby Boomer Tax Planning: 4 Tax Learnings

Posted by Rich Grant on May 8, 2017 in Social Security & Medicare

There are 4 tax season learnings which may impact Baby Boomer tax planning. Volunteering to Prepare Tax Returns: The Happiness Effect describes the benefits of AARP’s tax return preparation program for seniors. When I prepared tax returns for seniors most taxpayers used the standard deduction, some received the earned income credit and there were many one time…

Full Article Here

Medicare Part B and D: Timely Enrollment Saves Money

Posted by Rich Grant on November 12, 2013 in Social Security & Medicare

If you are newly eligible for Medicare you can sign up for Medicare Part B during your Initial Enrollment Period. For example, if you’re eligible when you turn 65, you can sign up during the 7-month period that begins 3 months before the month you turn 65, includes the month you turn 65, and ends…

Full Article Here

Medicare: Fast Facts for Retirees

Posted by Rich Grant on October 25, 2013 in Social Security & Medicare

What is Medicare, and when did Medicare begin? Medicare is a national social insurance program, administered by the U.S. Federal Government since 1965. It guarantees access to health insurance for Americans ages 65 and older. Younger people with disabilities, as well as people with end-stage renal disease are also eligible. The program helps with the…

Full Article Here

Everything You Need to Know About Social Security

Posted by Rich Grant on August 28, 2013 in Social Security & Medicare

When did Social Security begin? The Social Security Administration (SSA) began in 1935 when the legislation forming the entity was signed by President Franklin Roosevelt. The SSA began as an independent agency, over the years has been a sub-cabinet agency and in 1995 once again became an independent agency. Today the SSA is led by…

Full Article Here

Financial Literacy Books

   

JOIN OUR BOOMERBAGGAGE COMMUNITY FOR TIPS ON HOW TO IMPROVE YOUR FINANCIAL DECISION-MAKING WHILE PLANNING FOR LIFE EVENTS

Join the Boomerbaggage Community and you will also get a freebie:

Boomerbaggage
Resources
SocialSecurityRetirementGuide
  • About Boomerbaggage
  • Our Boomerbaggage Team
  • Disclaimer | Terms of Use | Privacy Policy
  • Feedback
  • Sitemap