To secure the maximum amount in monthly Social Security retirement benefits, Americans must wait until full retirement age to start receiving their payouts. Results from a 2023 survey show that most of today’s workers know about this stipulation – and yet the vast...
Although death benefits are available to veterans, as well as their families and veterans who did not engage in combat, less than half of those who are eligible for death benefits use them, according to the American Association of Retired People. Available veterans...
In 2023, recipients of Social Security benefits saw the biggest increase in decades in their monthly checks. Although their payouts will indeed rise again in 2024, the cost-of-living adjustment (COLA) will be more modest – just 3.2 percent, versus the nearly 9 percent...
As married couples progress through their retirement years, it is vital to become acquainted with the basics of Medicaid in the context of long-term care. Specifically, all married couples should have a working knowledge of the Medicaid laws preventing spousal...
Housing options and the associated costs are among the top priorities for many seniors. Today, the housing market is unpredictable, while many seniors currently living independently may also have concerns about continuing their lifestyles. Moving to an independent...
Nursing home residents on Medicaid generally must pay all their income, minus certain deductions, to the nursing home. These deductions include the following: a monthly personal needs allowance (this amount varies by state, currently ranging anywhere from $30 to more...
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