Filing a tax return can be an irritating and time-consuming task. Given that, why should anyone (especially seniors) file a return when they are not legally required to do so? There may be several good reasons. No one who does not have taxable income is legally required to file a tax return. From the tax […]
Category Archives: Retirement and Finance
26
Feb
Feb
| Written by Dan Mangus | Trying to decide the best coverage option to complement Medicare can be difficult. Medicare can be delivered to you in two primary forms. One is Medicare Part C, also known as Medicare Advantage. Medicare Advantage plans are offered by Medicare-approved private companies that must follow the rules set by […]
01
Feb
Feb
Like all responsible adults, seniors should manage their finances with a budget. It is important for everyone to know just where they stand, how much they owe and what they can afford to spend. If anything, this is more important for seniors than it is for younger people. The National Council on Aging reports that […]
27
Oct
Oct
If you are a Medicare patient, you have undoubtedly noticed a recent torrent of ads from Medicare insurance providers. This is an annual event, coinciding with Medicare’s Open Enrollment Period, which runs from October 15 to December 7 of each year. During this period, seniors can easily sign up for a new plan, switch plans […]
19
Oct
Oct
Will you have to pay income tax on the Social Security benefits you receive? It depends on many variables. The IRS uses a measurement called “combined income” to determine if you need to pay taxes on any part of your Social Security benefits. Combined income is made up of two parts: 50% of your Social […]