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Planning to Retire

5 Ways to Fix Social Security

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The Social Security trust fund is expected to be exhausted in 2033. After that, there will be enough tax revenue coming in to pay out about three quarters of promised benefits. However, a few changes to the system could prevent these steep benefit cuts. Here are five potential Social Security ...

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TAGS:
retirement
social security

Health Costs for Retirees Decline

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A 65-year-old couple with median prescription drug expenses will need $227,000 to have a 75 percent chance of covering their Medicare premiums and other out-of pocket medical costs after retirement in 2012, according to a recent Employee Benefit Research Institute report. People who retire in 2012 ...

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TAGS:
retirement
Medicare
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