By eliminating pre-existing condition exclusions and imposing limits on age-based price differences, the Affordable Care Act could make health insurance much cheaper for older Americans. UnitedHealth, Cigna, and other insurers that offer retirees Medicare-based coverage could benefit.
The file-and-suspend Social Security strategy gets most of the attention among experts, but an alternative known as the restricted application strategy can give some married couples even better results. Find out more about both strategies and which one makes more sense for your financial situation.
Social Security payroll taxes only apply to the first $113,700 in wages every year. Some think that cap should go away. Will doing so help save Social Security?
Many people don't realize they can suspend Social Security benefits and boost their eventual payout when they need it.
The file-and-suspend strategy is one many married couples use to maximize Social Security, but is it your best solution? Find out more about the strategy, including how it works and whether it fits your financial situation.
FAASF stands for filing as a spouse first, and it represents a smart way for many couples to boost their Social Security benefits.
Regardless of whether there's a resolution to the debt-ceiling debate, you should still know how it works.
The Social Security Administration warned recipients of potential impacts of a debt-ceiling breach, but should retirees really worry?
Many policymakers are concerned about Social Security’s long-term financial viability, and some, such as CEO Charles Schwab, have long believed that means-testing benefits could save the program.
Thanks to Social Security’s benefits calculation formulas and longer life expectancies -- as well as payouts that Genworth Financial and other insurance companies can't match -- women get a greater percentage of payments from Social Security than they pay in payroll taxes.