Tag: Social Security
Most retirees didn’t notice the $5 cost-of-living increase in the average Social Security check. That’s because the Part B Medicare premium deducted from their checks went up nearly as much (from $104.90 in 2016 to an average $109 this year). Beyond premium hikes, the bigger issue for retirees are the additional out-of-pocket costs they must pay…
Retirement experts and financial advisers maintain there is a right way and a wrong way to approach Social Security. For most people, the right way is to view waiting until your late 60s to sign up for benefits as the route to boosting your retirement income and protecting against out-living your savings. People who delay…
