According to the IRS, tax fraud can be committed in a several different ways – including using your Social Security number in order to file a tax return with the purpose of getting a fraudulent refund. Another common fraud tactic occurs when your tax return preparer can claim expenses that you are not entitled to…

How can you be sure that nest egg will last? Here are some tips from a former investment advisor, who by following her own advice, has been comfortably retired with her husband for the past four years. Before saying bye-bye to your paycheck, obviously the first thing you need to consider is the amount you’ve…

social security

Do I have to pay income taxes on social security benefits I receive? You will have to pay Federal taxes on your benefits if you file a Federal tax return as an individual and your total income is more than $25,000.  If you file a joint return, you will have to pay taxes if you and your…

Forbes Releases The 2013 Best Places For a Working Retirement A retirement lifestyle increasingly can include part-time work to supplement pensions, Social Security, 401(k)’s, and other resources, or just to stay mentally engaged. Here’s our list (arranged alphabetically) of the 25 best U.S. cities–actually, metropolitan areas or divisions–for a working retirement. We examined job growth…

identity theft

Tips For Seniors To Prevent Identity Theft Not only does identity theft cost victims hundreds of dollars but credit reports are inevitably dam­aged causing an array of consequences from lost job opportunities to denied loan applications. And identity theft can sneak up on you—you may not even know someone has gotten hold of your credit…

social security

By Doug Callahan Still not exactly sure how Social Security works? That’s OK – it’s only been around since 1935. Just kidding … this stuff can be confusing. Let’s see if we can help a little. When President Roosevelt first signed the Social Security Act, it was a reaction to the Great Depression, and all…

social security

A Look at Social Security Benefits in 2009 By Doug Callahan Here are some interesting fact and figures, courtesy of Social Security Online. – – In 2009, $675.5 billion of Social Security benefits (SS) was paid out as part of Old Age, Survivors, and Disability Insurance. 36.4 million Americans received Old Age Insurance as a part…

senior housing

Depending on Social Security qualifications, this may be a good way to pay for Senior Housing and Home Health Care By Doug Callahan Social Security benefits are an excellent way to supplement the cost of home health care and pay for senior housing. But unfortunately, your monthly Social Security check will probably not cover the…