The picture of retirement that many of us have is a post-work period filled with travel and plenty of relaxation. It’s a time when you can finally take up a new hobby, sink into the pile of books and enjoy more time with family and friends. The reality is that many haven’t been able to
Social Security
Medicare Primer 101
If your 65th birthday is around the corner or you’re anxious about the Medicare open enrollment period (closing Dec. 7), it’s a good time to start focusing on your options. Healthcare choice is becoming a bigger factor in the lives of pre-retirees as the Patient Protection and Affordable Care Act (ACA) – better known as
What You Need to Know Before Reading New Social Security Statements
No matter how far away you are from retirement, it’s important to understand your Social Security benefits – and there’s a particularly good reason to do it now. The Social Security Administration (SSA) is bringing back annual paper benefits statements for the first time in three years. It stopped in 2011 to save money on
Identity Thieves Target Kids as Well as Adults
I’m sorry to report that child identity fraud is alive and well in 2014. If anything, the problem may be worsening as identity thieves devise new methods to steal – and use – children’s personal information. Most commonly, they’ll harvest kids’ dormant Social Security numbers (SSNs) and use them to illegally obtain jobs or open
Claim a Tax Credit for Summer Daycare Expenses
By Jason Alderman For harried parents, the definition of true panic is realizing in April that you forgot to enroll your kids for summer day camp and now all the slots are filled. Cut to: as the school year ends, you’re feverishly trying to find adequate daycare because neither of you can take time off
Retiring Soon? Don’t Forget Tax Implications
If your retirement is not far off, you’ve probably already started to estimate what your living expenses will be after the regular paychecks stop. Most would-be retirees remember to include routine expenses like housing (rent or mortgage), medical bills and prescriptions, insurance premiums, transportation – even food and entertainment.
Should you ‘Freeze’ Your Credit Reports?
A credit security freeze is where you instruct the three major credit bureaus to disallow new creditors from viewing your credit report and score. Because most businesses won’t lend without first checking your report, a freeze can deter identity thieves.