Social Security Checks Will Keep Coming: Don’t Get Scammed on Your Phone
Forbes explains the scams https://www.forbes.com/sites/christopherelliott/2019/11/24/new-social-security-phone-scams/#15da62217552 Here are the worst Social Security phone scams, some of which are new: “Your Social Security number has been suspended.” The scam: A caller from the Social Security Administration says your Social Security number has been suspended, usually due to “fraudulent,” “suspicious” or “criminal” activity, and you must call…
READ MORE » »Your Social Security Checks will Keep Coming: Don’t Get Scammed
Forbes explains the scams https://www.forbes.com/sites/christopherelliott/2019/11/24/new-social-security-phone-scams/#15da62217552 Here are the worst Social Security phone scams, some of which are new: “Your Social Security number has been suspended.” The scam: A caller from the Social Security Administration says your Social Security number has been suspended, usually due to “fraudulent,” “suspicious” or “criminal” activity, and you must call…
READ MORE » »What You Don’t Know about Social Security Can Cost You Big Bucks
If you are 65 or older, most of your income is from Social Security, 52% for the average American. It’s a unique pension: it will last as long as you do, even if you live to be 120 years old. It will keep pace with inflation, the benefit rising each year to match the annual…
READ MORE » »What Medicare Won’t Pay For: Check Your Teeth, Eyes, Ears and Feet
Need a tooth implant to replace a cracked or rotten tooth? Need hearing aids because you listened to too much rock’n roll when you were a kid? Need glasses because you are having trouble driving at night? Often, Medicare won’t help you at all unless these problems are triggered by some underlying disease. Here is…
READ MORE » »When You Have to Tap the IRA
All the rules and the pundits tell you: don’t take money out of your IRA before you retire. This stash of cash, invested carefully, should grow steadily until you have entered retirement. And then you can withdraw the money on a steady but careful basis to pay for an enjoyable lifestyle. These rules need some…
READ MORE » »Over 65? Check This Tax Break for Medical Bills
You can get a special tax break to deduct your medical expenses. And they can be a lot more than you realize. Here are just some of the potentially deductible items: the Part B Medicare premium you pay every month ($104.90 for most people), the Part D premiums you pay for drug coverage, the premiums…
READ MORE » »You Can Get a Big Chunk of Cash from Social Security
You probably don’t know it, but Social Security can give you a big, lump-sum check for $40,000 or $50,000 or even more — a bonus, like winning a lottery. Should you take the bucks? It’s a complex business and depends on your age, your health, whether you are married and how much money you have…
READ MORE » »With No Cash or Delegates, White House Conference on Aging Goes Big for Social Media
With zero funds to bring delegates to Washington, Monday’s White House Conference on Aging will rely on a mixture of tools to spread its message: tweets, questions delivered through Facebook, and “watch” parties in all 50 states. What it won’t have, for the first time since these once-a-decade conventions began happening in 1961, will be…
READ MORE » »The Spouse Keeps the House: Fixing Reverse Mortgages
The reverse mortgage is a new source of cash for aging homeowners. Instead of paying the bank each month, you get a payment, depending on the amount of equity in your home. A big drawback has been the potential for financial suffering and loss by the spouse who isn’t listed on the mortgage. When the…
READ MORE » »Reverse Mortgages: The Good and the Bad
You want to stay in your house as you grow older, but you need a ready source of cash to pay your bills, now and in the future. With a regular mortgage, you make payments to the lender, whether it is a bank or a credit union or some other kind of financial institution. With…
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