It is no secret that inflation is affecting all Americans. A trip to the gas station or the grocery store reminds us that rising prices are a matter of daily life. This past summer, the U.S. inflation rate hit a 40-year high, and right now there is no end in sight. Inflation is important news […]
Category Archives: Social Security
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 […]
19
Jul
Jul
Seniors are adopting technology at a faster and faster pace. Managing your financial affairs, including banking, Medicare and Social Security accounts are key parts of making a successful transition to senior living. If you have not done so already, setting up an online account with the Social Security Administration will give you a very helpful […]
06
Feb
Feb
No subjects interest seniors more than the twin topics of Social Security and Medicare. Because those matters are so important to our seniors, we like to keep up with them from time to time. In 2019, there are some changes to the Medicare program that may affect you. Here are a few: Medicare premiums and […]
11
Jun
Jun
Few subjects get the attention of seniors the way that Medicare does. Along with Social Security, Medicare forms the basis of financial and personal security for many (or most) seniors. Most seniors and the American public in general have kept up its long-standing support for both programs. A Pew Research center report issued in 2017 […]
04
Jun
Jun
OurSeniors.net tries to be your all-things-senior source for dependable and unbiased information. With that in mind, here is a very brief reminder of some important dates, figures and changes in tax and Social Security laws. Some important dates for 2018 If you make quarterly tax payments during the year, they are due on: April 17, […]
Last week our blog covered some of the changes in Social Security coming in 2018. Medicare is the other “twin” government program that is of essential interest to seniors and, of course, to OurSeniors.net. There will be some changes to Medicare in 2018 and they are briefly described below. Medicare Part A. Medicare Part A […]
In October, the Social Security Administration announced a 2% cost-of-living adjustment, or “COLA,” for Social Security payments in 2018. This increase will raise the average Social Security benefit by a little over $27 per month or about $329 a year. There had been no change in 2016 benefits and only a 0.3% increase in 2017. […]