How Social Security Disability Benefits Link with Medicare
A health insurance policy is essential if you have a disability. The fortunate thing is that you become qualified for
How Coordination of Benefits May Impact FEHB Enrollees
According to the standard coordination of benefits rules established by the National Association of Insurance Commissioners, or NAIC, the Federal Employees Health B…
The Earnings Limit for Disability Retirement
If you’re 60 or older, there are no restrictions on the amount of money you can make while receiving disability retirement. If you’re under the age of 60, you can receive income from work as well as disability retirement benefits. Still, your disability annuity will be terminated if
Older Americans may be eligible for four types of Social Security benefits
Millions of retirees have benefited from Social Security retirement benefits, and many workers look forward to the day when they will start receiving monthly checks from the …
401(k) and IRA contribution ceilings for 2023
The Internal Revenue Service (IRS) evaluates the impact of inflation and other variables each year to determine the maximum contributions for tax-advantaged retirement plans. They have been the same for some years. However, on occasion, the IRS modifies the amount that can be saved to your 401(k…
IRS regulation 72(t) on withdrawals and penalties and its significance
The term 72(t) originates from a section of the Internal Revenue Code, as you might have thought. It discusses equal recurring payments and how to use them in Individual Retirement Arrangements (IRAs) and employer-sponsored defined contribution plans (such as the…