Have you heard this year’s presidential candidates debate the Retirement Health Care Tax? No? Probably because there is no official tax with that name. But it’s out there, just the same. The Retirement Health Care Tax is a collection of expenses you’ll pay for health care after age 65. And it should be a topic within [...] [...more]
My recent columns on retiree health care and the timing of taking Social Security benefits prompted a number of questions from readers worried about insurance options for the pre-Medicare crowd, and the mechanics of Social Security. I went back to the experts on both of these topics to get the answers. Q: You wrote that pre-existing [...] [...more]
The oldest baby boomer turned 62 this month and promptly signed up for Social Security. But it probably wasn’t a very smart financial move. Dozens of news stories ran when Kathleen Casey-Kirschling—America’s oldest baby boomer!—-applied on January 1st to start receiving her monthly check. That’s what about half of all Americans do at 62. But for [...] [...more]
The oldest Boomers (age 62) may be eligible to take Social Security benefits, but it’s almost never a good idea to do so. Most Americans will come out ahead by waiting to take the benefit as long as they can. From an actuarial perspective, increased longevity and incentives baked into the system encouraging [...] [...more]
The first baby boomer starts drawing Social Security next month . . . just in case you missed any of the hundreds of news articles that have appeared in the past few months. Kathleen Casey-Kirschling will get her first [...] [...more]
RetirementRevised.com is the companion website of Retire Smart, a column written by Mark Miller that appears in more than 30 newspapers each week. For millions of Baby Boomers, retirement is an opportunity for reinvention, rather than taking it easy. Mark is helping write the playbook for the new career and personal pursuits of a generation.
