At some point, the debt trajectory will drive discussions on Capitol Hill to increase revenue, which could result in higher taxes.
Recently announced key figures for Social Security and Medicare for 2024 include changes to benefit amounts and premium costs.
Medicare holds an open enrollment period that allows participants to sign up or make changes to existing plans, which could result in cost savings.
As retirees and workers gauge their finances for next year, here are some key changes to Social Security and Medicare to consider.
Each year, Medicare holds an open enrollment period that allows participants to sign up or make changes to existing coverage.
The Inflation Reduction Act may impact health care costs for Medicare recipients including price reductions on certain medications.
Health-care spending increases with age and has become an important consideration when saving for retirement.
In addition to health-care reform, the Affordable Care Act (ACA) will have an impact on clients’ investments, as they plan to cover health costs and prepare for the possibility of new tax liabilities. Chris Hennessey reviews the top concerns about the ACA for all types of clients. Surtax may hit high earners The ACA established