Medicare's annual open enrollment is pivotal for the nearly 65 million Americans enrolled in Medicare. Medicare's Open Enrollment Period (OEP), also known as the Annual Election Period, is a crucial annual occurrence for Medicare beneficiaries. This period is designed...
The Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0, approved at the end of 2022, brought about significant modifications to the retirement plan landscape. Among the most notable changes are those related to Required Minimum Distributions...
A significant announcement made by the Internal Revenue Service (IRS) on August 25, 2023, has brought relief to numerous high-income earners and plan sponsors. Per IRS Notice 2023-62, The IRS postponed implementing a rule requiring age 50 catch-up contributions made...
Retirement planning and preparedness is a critical aspect of financial stability, and Social Security benefits play a significant role in ensuring a comfortable retirement for many individuals. The cost-of-living adjustment (COLA) is a crucial factor that shapes the...
Social Security benefits play a crucial role in providing financial support to millions of retirees and disabled individuals in the United States. As a government program, Social Security offers a safety net to ensure a certain level of income during retirement; the...
Why Women May Welcome Advice from Financial Pros The end of April brought dire news from Money magazine: Americans’ confidence that they’ll have a comfortable retirement is “plunging,” the headline announced. In the past year, the percentage of workers expecting their...
For Retirees, New Place Like Home? Many online articles list the best places to live in retirement. Often, financial issues are key determining factors. For example, the most recent retirement rankings methodology from U.S. News & World Report gives 40% weight to...
A companion resource to Ed Slott's IRA Newsletter, this is the go-to "all things Social Security" newsletter and reference tool for financial professionals. Providing practical applications to commonly asked and misunderstood claiming rules, Social Security Advisor is a must-have for any financial and tax professional who wants to add value to their financial and tax planning process.
