There is a large concern by many people, and we get the question all the time about whether the program will be viable in the long run. The short answer is that we don’t know. The program is on a trajectory to be without adequate funds by 2028 unless changes are made. There are dozens […]
Since Covid, all workshops have been curtailed and we are just starting up new ones in 2021 although they cannot be as frequent as before. A major problem is actually finding venues that will be open to safely allow the programs.We have decided to merge the Social Security and Medicare workshops into one program starting […]
Our focus at Fourth Quarter Advisors is primary on the retirement side but we have had several clients with disabled children who were denied benefits from Social Security because they waited until after the children were 26 years old. The children had disabilities from birth and the clients we know were denied even though there […]
We receive more inquiries about annuities than any other topic. That is based on our Fiduciary commitment to support those annuities that do represent value in a client’s best interests. No matter whether we research options or you do that on your own; the criteria is the key and you should follow guidelines below:* No […]
In 2021 the part B payment amounts will be:Individual Joint Monthly$88,000 or less $176,000 or less $148.50$88K>111K $176K>222K $207.90$111K>138K $222K>276K $297.00$138K>165K $276K>330K $386.10$165K>500K $330K>750K $475.20$500K + $750K + $504.90 There are also proportionate increases for Part D plans if income are above the first levels. We are glad to share what they are on request.
In 2021 the amounts you can earn and collect Social Security before your full retirement age has been raised to $18,960. As before, the penalty is $1 for every $2 over that amount. Also, the amount you are allowed to earn and while collecting Social Security in the year you turn full retirement age has […]
Of course, every plan has different changes but you should be looking at a few things to ensure your plan for 2021 still covers what you need.In general, the largest new benefits have been increasing coverage and reimbursements for diabetics. That has taken too long to be added.You really should check all coverage in your […]