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2018 Medicare changes will erase Social Security COLAs for ...

Some high earners could keep the full value of their COLAs and see no change to their Medicare premiums

Nov 17, 2017 @ 5:14 pm

By Mary Beth Franklin

The Centers for Medicare & Medicaid Services (CMS) announced Friday that the standard monthly premium for Medicare Part B, which covers outpatient services and doctor's bills, will remain at $134 per month in 2018.

While it may seem counterintuitive,...

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Date: 2018-03-24 04:02:21

2016 tax returns determine 2018 Medicare premiums

2016 tax returns determine 2018 Medicare premiums

High-income surcharge based on new brackets next year

Jan 25, 2017 @ 5:34 pm

By Mary Beth Franklin

As your older clients gather their financial documents to file their 2016 federal income taxes, they should pay close attention to the bottom line on their tax return. Their adjusted gross income in 2016, plus any tax-exempt interest income, will...

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Date: 2018-03-24 05:05:54

Social Security Benefits To Increase By 2% In 2018

Monthly Social Security benefits for more than 66 million Americans will increase by 2% in 2018, the largest increase in retirement and survivor benefits for workers and their families since 2012. The higher payments will begin in January.

The average retirement benefit will increase by $27 per month to $1,404 per month next year. The maximum benefit for someone who retires at full retirement age...

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Date: 2018-03-24 04:56:02

Social Security timing can affect Medicare premiums

Should clients claim Social Security now to avoid a Medicare premium hike?

Sep 26, 2016 @ 2:27 pm

By Mary Beth Franklin

Social Security benefits are expected to increase slightly next year, and most retirees who have their Medicare premiums deducted directly from their Social Security benefits will be protected from a net decline in monthly benefits.

However, clients who are enrolled in Medicare...

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Date: 2018-03-24 09:11:09

Timing is crucial for Social Security and Medicare

Picking the wrong date could cost you benefits or trigger penalties

Jan 29, 2018 @ 9:06 am

By Mary Beth Franklin

Sometimes the most important advice I can give readers is, "Don't do it!"

For example, one reader wrote to me recently asking if she should collect benefits on her ex-husband's earnings record now, at age 65, and later switch to her own larger benefit.

My response was swift and...

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Date: 2018-03-24 07:35:39

Medicare premiums and Social Security COLAs: Here's why ...

The remaining 30% are not protected because they do not receive Social Security benefits; are directly billed for the Medicare Part B premiums; enrolled in Medicare for the first time in 2017; or pay a high-income Medicare premium surcharge.

PREMIUMS RISING

"After several years of no or very small increases, Social Security benefits will increase by 2% in 2018," the Centers for Medicare &...

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Date: 2018-03-24 06:02:10

Life insurance as income tool - InvestmentNews

Life insurance as income tool

Policies with built-up cash value are popular vehicles for covering expenses in retirement

May 12, 2013 @ 12:01 am

By Darla Mercado

Among today's retirement income strategies, what's old is new again.

It wasn't too long ago that cash-value life insurance -- policies that provide a death benefit and a pot of cash that grows tax-deferred, such as whole and universal...

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Date: 2018-03-24 09:05:35

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