Benefits Archives - boomerblasts.net

Category Archives for "Benefits"

Medicare: Part A – 2017

Medicare Part A Medicare is divided into four parts: Part A, B, C, and D. Each part covers different services. Part A is your hospitalization. It will cover you for your hospital stay and services received while admitted to the hospital. Details for Part A Part A covers hospital care if you are formally admitted […]

Continue reading

Medicare: The Infamous Donut Hole

Beware the Donut Hole, I’ve heard, but what is it and why don’t people like it? It is a temporary limit on what your drug plan will cover. You pay more! Insurance companies pay 75% of standard medications like those for blood pressure, heart disease and other common ailments. Once you reach a certain monetary […]

Continue reading

Women and Social Security-5 Tips

The choices you make today will affect your Social Security payment amount later on. This is true, even if you are in your 60s and are rapidly approaching retirement age. It’s especially true for our daughters and granddaughters, who still have several years, or even decades, to go before retirement age. I always thought that […]

Continue reading

SURPRISE! DIVORCED SPOUSES CAN GET SOCIAL SECURITY BENEFITS

Many Women believe they are not entitled to Social Security if they are divorced. The truth is you can get Social Security on your ex-spouse’s record under certain circumstances even if you are divorced. There are two U.S. Social Security benefits you may be entitled to—spousal support and survivor benefits. If you qualify and your […]

Continue reading

5 TIPS TO NEW SOCIAL SECURITY LAW

5 TIPS TO NEW SOCIAL SECURITY LAW The Bipartisan Budget Act of 2015 made some significant changes to Social Security law. The new laws do away with some lucrative claiming strategies. You may still be eligible for these additional funds, but if you are, you need to act quickly. If you will be 66 or […]

Continue reading

Social Security: How is it Calculated?

Social Security:  How is it Calculated? As you approach retirement, you’ll want to know what your future Social security payment will be. As I talk to readers, I find there is confusion about how benefits are calculated. Some think it is based on your last five or ten years of work and that taking a […]

Continue reading

Best Time to Collect Social Security

Social Security is a major component of retirement financial existence. Knowing these facts will help you make informed decisions that may affect your income for the rest of your life. FULL RETIREMENT AGE Full Retirement Age is when Social Security considers you eligible for full retirement benefits. Full Retirement Age used to be 65 for […]

Continue reading

The Painful Truth About Working While Collecting Social Security

Can you work and collect Social Security? The simple answer is yes you can, but you may not want to. There are two reasons to wait to apply for benefits if you plan to continue to work—penalties and taxes. Your age and how much you expect to earn will help you decide. Your Age If […]

Continue reading

Turning 66?-File for Social Security Now

File and Suspend Social Security law has changed and the difference could mean tens of thousands of dollars for those turning 66 before May 1, 2016. Current Law-Right now one individual in a couple can file for benefits at Full Retirement Age. Filing makes their spouse eligible for spousal benefits. The primary wage earner could then […]

Continue reading

Social Security Bulk Payment-Rule Change

Social Security Bulk Payment-Rule Change What does it mean to you? Social Security currently has a rule that if you file for benefits at your Full Retirement Age (FRA) and then suspend your payments you can request payment IN BULK for any months you missed. If for example at FRA you are to receive $2,000 […]

Continue reading

 

Get your free copy of The Ultimate Social Security Retirement Cheat Sheet


Tips for Social Security