Many major expenses only shrink once you retire, but health care is hardly one of them. U.S. households led by someone who is 65 or older spend an average of $6,700 a year on health care, according to the Bureau of Labor Statistics’ latest data on consumer spending, which covers July 2017 to June 2018. That translates to …
Here’s How Much Seniors Really Spend on Health Care Read More »
“Well Social Security is a valuable asset for most retirees, it’s been coming under greater pressure over the course of the past decade.” Says America United Senior Planner John T. Davis. “It’s more important today to safeguard that asset than it ever was before. It’s tough to depend on Social Security income to fund your retirement — …
Will You be One of the 96% who will Soon lose $111,000 in Social Security Benefits? Read More »
Social Security pays monthly benefits to tens of millions of Americans, and most of those retirees rely on the program for the bulk of their income every month. What comes as a big surprise to many Social Security recipients is that in some cases, the federal government imposes taxes on their benefits. For the most …
“Deciding Where to Retire can be a difficult choice, ” Says America United Senior Planner John T. Davis. “There are a lot of little pitfalls that can get in the way, and its important that where you live be a center for a new life, where everyone can gravitate towards, and be united as a family.” …
“Social Security is always a hot topic.” Says America United Wealth planner John T. Davis, “and we always want to make the most of out it to provide the best future for our loved ones. It’s important to know that Baby boomers turning full retirement age in 2019 are the last class that can take …
Why Some Seniors May Soon Miss out on $704 a month in Social Security Read More »
“If you get a letter about overdue Medicare premiums, don’t assume it’s a mistake or a scam — you may indeed owe money.” Explains America United Planner John T. Davis. “At least 250,000 seniors may soon receive a bill for up to five months of premiums that they thought had been paid.” “This isn’t because …
Why Some Seniors Will Get a Surprise Medicare Bill Soon Read More »
Don’t let these 3 common myths create unwanted anxiety in your Retirement!
Is Social Security going bankrupt? This is a common thought that many American have been wondering. As the number of retirees continues to grow, the importance of Social Security as a source of reliable, consistent income, will only increase. Social Security benefits can be tricky and should receive careful planning. This is because most people …
It’s summer. The sun is shining, there’s a beautiful breeze. This time of year in Chicago can be pretty great. But sadly, we’ve all been hearing negative things in the news about Social Security. Hopefully, this will be addressed, but if you’re unsure, maybe there are some things you can do that won’t be …
Some Things to Think about Regarding Social Security in 2020 Read More »
You either have a loved one facing a long-term care situation or want to preserve your legacy and have it go to your family rather than a nursing home. There is a lot to figure out. How likely are you to actually need Long-Term Care? How much does Long-Term Care normally cost? What is the …
