Social Security, Medicare & Money

How Can You Maximize Your Retirement Income in 2020 via Social Security and Medicare Strategies?

By Heidi Frankel ~   We asked David Freitag, a financial planning consultant with MassMutual, and this is what he had to say: As the calendar moves into the New Year, it is always a good idea to add some essential to-do’s to your resolution list. Some of those important to-do’s involve your Social Security

Filing Early for Social Security Retirement Benefits Leads to Some Drawbacks

By Heidi Frankel  ~ This year, 2019, marks the first time more than half of baby boomers in the United States are age 62 or older. More than 38 million people are fast approaching a major life decision: “When should I take my Social Security benefits?” In its Annual Statistical Supplement for 2018, the Social

Be Cautious—Criminals are Looking for Your Social Security Data

By David G. Freitag, Financial Planning Consultant with MassMutual ~ Does this sound like a scene from a movie? Bob is relaxing at home after a crazy day at the office. He checks his voicemail messages on his phone and is startled to hear this message from a stranger: “This is a call from fraud

Retirement: Is Your Marriage Ready?

By Sue Mintz ~ “I married you for better or worse, but not for lunch,” Jody read in an article about retirement planning, and she could relate! This is what partners often feel after the “new normal” of retirement sets in. Jody found that her retirement honeymoon was over. Now, she and her husband, John,

Social Security: Sometimes, “You Live and You Learn”

By David G. Freitag, Financial Planning Consultant with MassMutual ~ A recent study of retirees conducted by AgeFriendly.com for MassMutual found interesting answers to this fundamental retirement planning question, “If you had to do it over again, would you change your Social Security filing decision?” Here’s what we learned: 1. Three out of 10 filed

Preparing for a Fail-Safe Retirement

By Sue Mintz ~ My friend, Emily, was in her early 60s. She had worked her way up the corporate ladder and loved her position in the company, knowing she was making a difference. Guess what kept her up at night? The decision to continue working or retire. Her employees told her she was a

Keep Informed on Important Changes to Social Security and Medicare

By David G. Freitag, Financial Planning Consultant with MassMutual ~ Each year the Social Security Administration announces small incremental changes to both the Social Security program and the Medicare program. These changes are built into existing Social Security and Medicare rules that do not require any advance Congressional approval. Although these changes seem small when

Thoughts from a 50+ Minimalist

By Glen Spielbaur I admit it, I’m frugal, but I live life the way I want and enjoy every minute. Here are a few of my suggestions for the 50+ generations who want to live a minimalist lifestyle. Housing Many people live in larger more expensive homes that they don’t really need – even after

Changes in 2019: The Good News and Bad News

By David Freitag CLU, ChFC, CRPC —MassMutual Financial Planning Consultant Each year the Government announces changes to Social Security and Medicare that sometimes get lost in the fog of informational overload. Yet these changes are important for retirees. Here are the top 8 changes that will affect these programs in 2019. Some of these changes

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