Dan McGrath

CNBC Feature – Medical costs take big bite out of Social Security benefits

Social Security planning is a major focus for financial advisors and their clients — and with good cause. If you look at the data and statistics from Social Security, the reason is clear: Among elderly Social Security beneficiaries, 53 percent of married couples and 74 percent of unmarried people receive half or more of their […]

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Another Debt Crisis could mean more to the U.S. Postal Service and Retirees

While the Debt Ceiling debate is once again starting to make some headlines, not enough attention has been focused on rules put into place giving the federal government ways to still keep spending, no matter what. In 2012, the Treasury Department created a list of “Extraordinary Measures” that would allow the federal government to continue […]

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Immigration…Can it and should it last?

Many people may take the position that no matter where they look, it seems there are more and more people. Schools are overcrowded, traffic is backed up in our cities and on our highways, every flight is packed to the gills, and the line to get a simple cup of coffee is practically out the […]

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Chris Christie’s plan to save Social Security by taking away your benefit. Unfortunately it has already be done!!!

Do you ever get the feeling that the country has either checked out as a whole, or has been brought back to life by Dr. Frankenstein using Abby Normal’s brain? New Jersey Governor Chris Christie announced his steps to save the Social Security program for the entire country the other day in New Hampshire, and […]

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Social Security and Medicare are hand in hand

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

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Medicare Means Testing (IRMAA)

What is it? As defined by Medicare: “If you have higher income, the law requires an adjustment to your monthly Medicare Part B (medical insurance) and Medicare prescription drug coverage premiums (Part D). Higher-income beneficiaries pay higher premiums for Part B and prescription drug coverage. Layman’s terms: If you make too much income in retirement […]

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And the Regulations will be Televised

Rejoice, Americans – Congress has done it again! Another year and another opportunity to punt the Medicare/Health Spending can down the road… Back in 1997, our government began its quest to tackle the unsustainable increase in healthcare spending by enacting legislation which created a formula, aptly titled “the Medicare Sustainable Growth formula”, through the Balanced […]

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Is it misinformation or something more sinister?

Survey after survey confirms that one of the most major concerns investors have is planning for their health costs in retirement, and rightly so. With legislative changes coming from both Congress and the President, the course of this expense that everyonemust have has taken some drastic turns in the not so distant past. Some of the […]

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The Debt Crists: what it really means

With Congress and the President doing the two-step Lindy when it comes to the future of our economy, there is one under-reported fact. Even if the debt level was actually breached, there are safety valves that the Federal Government can implement in order to save itself. So in reality the past government shutdowns, as well […]

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Money for nothing and your healthcare for free…I want my subsidies

“Money for nothing and your health care for free…” Not exactly the line from the 1985 Dire Straits hit, but lately it seems to fit the mantra of many in the country, especially after the Affordable Care Act passed and everyone learned about “subsidies”. “I want my, I want my, I want my subsidies…” According […]

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