Costs for rent and care at senior living communities across the country are going up, with southern and western states seeing the biggest percentage increases, a national housing referral service said Wednesday.Read more
Most people overestimate how much they can withdraw each year.
A new survey from New York Life shows that retirees and pre-retirees are more savvy about spending down their savings than they were a decade ago, with more than twice as many today saying that annual withdrawals should be held to less than 5% of one’s nest egg to avoid prematurely depleting it...Read more
Gov. Robert Bentley has signed a bill to help protect vulnerable adults from financial exploitation into law Monday.
Drafted by the Alabama Securities Commission (ASC), SB 220, entitled Protection of Vulnerable Adults from Financial Exploitation Act, will provide an important added layer of legal protection for Alabama adults who may be susceptible to financial abuse and exploitation.Read more
BATON ROUGE -- Louisiana posted the highest rate of Medicare being overbilled for services in the nation in 2015, with providers charging an estimated $1.25 billion more than they should have, according to a federal report.Read more
Short answer: You’re getting robbed, and the system is bankrupt.
None, some or most of the payout you get from Social Security will show up on line 20b of your federal tax return and get taxed.Read more
Raising the retirement age is a common recommendation to end the financial woes facing Social Security. The idea is simple: Because people are living longer and healthier lives, they can afford to work well past 66 and retire later in life.Read more