If a surviving spouse is collecting their own Social Security retirement or disability benefit when their spouse dies, or is not yet collecting Social Security, they will have to apply for survivor benefits.
Not only did Social Security benefits increase in 2023, but Medicare Part B premiums declined for the first time in more than a decade, resulting in larger net Social Security benefits for most retirees.
Mary Beth Franklin, who launched her final career phase as a weekly columnist in 2012, will continue writing a monthly column for InvestmentNews.
It sounds odd, since delayed retirement credits stop accumulating at age 70, but intentional late filing for benefits can shift income into the next tax year.
Your clients may be able to appeal an IRMAA surcharge if their income has declined.
Most beneficiaries who stay in their current plans will pay more in 2023, and Medicare open enrollment, which lets beneficiaries change plans, ends next week.
Gaining the CFP designation became the fulcrum for a midcareer pivot, but earning it wasn't easy.
The one-year drop in premiums does not offset the overall inflation in health care costs.
Anyone who's 62 or older in 2023 will benefit from the 8.7% cost-of-living increase to benefits that was recently announced for next year by the Social Security Administration.
It’s a good idea to hold on to correspondence from the Social Security Administration to keep track of your benefits and understand any changes in the monthly amount.
