Author: David Thomas Coleman

To talk with a Social Security agent, have you ever had to wait on the phone for what seems like eternity? You are not alone if you have ever felt that kind of frustrated. For seniors who depend on Social Security, almost 2,000 employees departing field offices is causing a serious dilemma. This is a…

Who Qualifies for Free Tax Assistance Ever feel as though paying taxes is either overly costly or confusing? You are not alone; the good news is that, provided you know where to search and whether you qualify, there is free assistance available. The main initiatives providing no-cost tax assistance, especially for elderly and low-to-moderate-income people,…

The Overpayment Issue – What Does It Mean for You? Imagine you have been depending on your Social Security check every month to pay for groceries, rent, and healthcare after years of receiving benefits. One day you then receive a letter from the Social Security Administration (SSA) informing you that they overpaid you. Not only…

Introduction: Why Stocks Matter for Retirement Planning Retirement planning goes beyond simply stuffing money into a savings account or expecting Social Security will pay your bills. Should you be depending just on savings, fixed-income assets, or your pension, you could be passing over money. Conversely, stocks can build your wealth over time and provide a…

Understanding Social Security and Inflation When we discuss inflation, it is only the rate of change in the cost of goods and services over time, thereby directly affecting your purchasing power. For someone on a fixed income—that of many elderly people depending on Social Security benefits—inflation can be a significant concern. Grocery, healthcare, and even…

What Are Required Minimum Distributions (RMDs)? Let me thus ask you this: Once you cross a particular age, have you ever wondered what happens to your retirement accounts? Comparatively to your IRA or 401(k) Though you have saved for years, there is a drawback when it comes time to extract that money. Here is where…

The Growing Threat of Social Security Fraud With Social Security fraud among the most often occurring hazard, over 1 in 10 older persons fall victim to some type of fraud annually. It’s a genuine, urgent problem striking senior adults more than ever, not only a statistic. If you find yourself thinking, “What if my Social…

Why Property Tax Relief Matters for Seniors As a senior person, you have worked hard throughout your life to create a nice house; unfortunately, growing property taxes can rapidly compromise that security. Particularly as you age older, these rising expenses might make it difficult for those on a fixed income to keep up with their…

Understanding Social Security Benefit Taxation Why Are My Benefits Taxed? Your Social Security benefits can be taxed, thus you might be astonished to find out why this occurs not always clear-cutly. You have worked hard for these advantages, after all, and now that you are retired you ought to be free to enjoy them without…