by Springwater Wealth | May 11, 2021 | Financial Planning, Retirement Concerns, Retirement Plans, Wealth Management
If you’re retired and have health insurance through the Affordable Care Act (ACA) or Medicare, your premiums are directly related to your Modified Adjusted Gross Income (or “MAGI”). The higher your income, the higher your premiums. Unless you prepare your own tax...
by Springwater Wealth | Nov 27, 2018 | Newsletter
This week, some Medicare beneficiaries will receive a letter from the Social Security Administration, letting them know that because of their income, they will pay more for Medicare next year. Since 2007, Medicare beneficiaries whose income exceeds $85,000 for...
by Springwater Wealth | Oct 23, 2018 | Newsletter
The US Social Security Administration recently announced that beneficiaries – including retirees, disabled workers and their eligible dependents and surviving family members – will receive a 2.8% increase in their benefits in 2019. This will be the largest annual...
by Springwater Wealth | Oct 9, 2018 | Newsletter
If you’re younger than 65, you probably don’t understand all the commotion. Why are there all these advertisements for Medicare Advantage and prescription drug plans all over the TV, radio and print media? Medicare is the federal government program that provides...
by Springwater Wealth | Jun 26, 2018 | Newsletter
Social Security benefits include automatic cost of living adjustments (“COLAs”), which are intended to ensure that payments keep pace with inflation. However, years of low inflation and rising Medicare premiums have meant that, for many seniors, the adequacy of Social...
