Retirement Planning

Changes to Social Security Claiming Options

On November 2, President Obama signed a two-year budget deal that was approved by congress on a bipartisan basis.  It eliminates the possibility of a government shutdown, keeps the Social Security disability fund solvent and reduces premium hikes for Medicare Part B beneficiaries.  These features caused it to earn the support of AARP and the […]

Paying for Long-term Care with Health Savings Accounts

A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP).  There are no taxes on the contributions and no taxes on qualified withdrawals. As the cost of long-term care (LTC) insurance rises and the benefits decline, alternatives are […]