The start of a New Year is a good time to share our financial checklist. Here are some priorities for you to review, plan for, and update in 2025. As Financial Advisors, we are dedicated to educating our clients and our community about the importance of their financial health. We hope you find this checklist helpful! You can download the checklist here:
Medicare is health insurance for individuals who are 65 and older, under 65 with certain disabilities, or those who have End-Stage Renal Disease (ESRD) or Amyotrophic Sclerosis (ALS). The Medicare annual open enrollment period for the 2025 Medicare Advantage and Part D prescription plans begins Oct. 15, 2024, and runs through December 7, 2024. You can change your Medicare Advantage and Part D plans without special enrollment requirements.
Victoria Cannillo, an Associate Financial Planner/Analyst at Baron Financial Group, is quoted on this topic, answering a reader’s question on NJMoneyHelp.com by Karin Price Mueller, “Can I get Social Security from a domestic partnership?”, originally published in March 2024.
To draw attention to Autism Awareness Month, we wanted to remind everyone how we can help families with special needs. At Baron Financial Group, we understand that for parents of special needs children, the main concern is: "What happens to my child when I am no longer there to support them?".
Victor Cannillo, NAPFA-Registered Financial Advisor, is quoted on this topic, answering a reader’s question on NJMoneyHelp.com by Karin Price Mueller, “I’m 69. How long can I contribute to a Roth?”, originally published on June 27, 2023. For 2023, the total contribution limit is $6,500 per year; $7,500 if you’re over 50. You can contribute to your Roth IRA in perpetuity as long as you’re still…
Phone scams and particularly Social Security phone scams are often in the news. The Social Security Administration (SSA) recently sent out a communication on March 9th for “National Slam the Scam Day”. Read more for tools to recognize Social Security-related scams and ways to protect yourself.
The Social Security Administration (SSA) announced on Thursday, October 13, 2022, that it will be increasing Social Security (SS) and Supplemental Security Income (SSI) benefits by 8.7 percent in 2023. This is the highest increase in 41 years. This cost-of-living adjustment (COLA) will begin for more than 65 million SS beneficiaries in January 2023 and for more than 7 million SSI beneficiaries, on December 30, 2022. Some people receive both Social Security and SSI benefits.
The Social Security Administration (SSA) announced on October 13, 2021, that it will be increasing Social Security (SS) and Supplemental Security Income (SSI) benefits by 5.9 percent in 2022. This cost-of-living adjustment (COLA) will begin for 64 million SS beneficiaries in January 2022 and for approximately 8 million SSI beneficiaries, on December 30, 2021.
What is the best age to file for your Social Security? There are many factors to consider when planning to maximize your benefit, including your specific situation. Watch our 2 1/2 -minute video to learn more about what factors to consider.
There are important questions at certain ages that you should keep in mind on your journey. Your options for Retirement and Financial Planning need to be given very serious thought and examination. You need to identify your goals, explore your options, and test for the unexpected.
If you began taking Social Security before full-retirement age and are looking to postpone payments until a later time, there is a solution: the 1-year payback rule.
Phone scams and particularly Social Security phone scams have been in the news recently. If you are looking for ways to protect your information, here is a list of some common red flags and what to do from AARP (formerly American Association of Retired Persons). To learn more, read AARP’s article on Social Security Scams.