September 8, 2020

Social Security and Medicare – Steve Savant’s Money, the Name of the Game – Part 3 of 5



Sub Headline: The Game: Maximizing Social Security Income & Paying the Leastn Amount for Medicare

Synopsis: Build a firm foundation for retirement requires maximizing your Social security benefits and paying the least amount of money towards Medicare. Preparing for both can be part of optimizing your retirement. Watch the interview with syndicated financial columnist, popular platform speaker and talk show host, Steve Savant.

Content: Social Security Benefits inception was in 1935 during FDR’s term as President. It was one the government’s responses to the Great Depression. The key debate on Social Security back then was whether the benefits should be “doled out” or pay as you go insurance approach. Self-financing was the centerpiece of the original concept. Social Security benefits generate lifetime income to retirees starting as early as age 62. Originally there was no taxation on Social Security benefits. Now there’s a means testing income threshold that taxes benefits on a two-tier system. And with the exception of Roth IRA distributions, Reverse Mortgage income, Cash Value Life Insurance and Health Savings Accounts, all other income is included in the provisional income test to determine Social Security benefit taxation.

Medicare Health Coverage was enacted in 1965 under LBJ for seniors age 65 and older. Knowing the basic benefits of Medicare Parts A and B can save you time and create fewer headaches in the future. Operated by the federal government, Medicare is available to qualifying individuals age 65+ and consists of three main parts: Part A, Hospital Insurance and Part B, Medical Insurance. Part D is the prescription drug program. With Part A Hospital Insurance, you usually don’t pay a premium because you or your spouse already paid for it throughout their payroll taxes when they were working. Part A helps cover inpatient care in hospitals, including critical access hospitals and skilled nursing facilities (not custodial or long-term care). It also helps cover hospice care and some home health care, but beneficiaries must meet certain conditions to get these benefits. With Part B Medical Insurance, most people pay a monthly premium. Part B helps cover doctors’ services, outpatient care and some other medical services that Part A doesn’t cover.

Home Equity Conversion Mortgage program was enacted in 1988 by Ronald Reagan. There are many HECM strategies Tax-Free Income, Mortgage Payment Elimination and an Appreciating Equity Line of Credit, just to name a few.

Reverse mortgage is an alternative use of your home equity for tax-free income. In a traditional mortgage, you make payments to the lending institution. In a reverse mortgage, the institution makes loan payments to you. Loans on an existing mortgage are not classified as income while you maintain the mortgage.
A home purchase mortgage is another alternative use of your home equity where you can buy a home for around half its sale value not to exceed the maximum claim amount. The main stipulation here is you need around 50 percent cash down to secure the entire transaction. You have a government-insured mortgage, but no mortgage payment. An equity line of credit is an additional alternative use of your home’s equity, where the line of credit grows separate from your home’s market value.

All three government programs are designed to support seniors in their retirement years and deliver a quality of life to older Americans.

Syndicated financial columnist, talk show host and popular platform speaker Steve Savant on Building a Firm Foundation for Retirement. Steve Savant’s Money, the Name of the Game is an hour-long financial talk show for financial professionals distributed online in 5 ten-minute video press releases Monday through Friday through Trans World News 280 media outlets, social media networks and industry portals. (www.lifesizesolutions.com)

Nguồn: https://soicaubamien365.com/

Xem thêm bài viết khác: https://soicaubamien365.com/game/

in Game
Related Posts

Sephera trợ thủ pháp sư đáng mua nhất Liên quân mobile

June 19, 2020

June 19, 2020 22

Sephera trợ thủ pháp sư đáng mua nhất Liên quân mobile LINK TẢI Huboo : – Liên hệ Quảng cáo...

029 Mother's Ninja NTR RPG

June 30, 2020

June 30, 2020 8

been so long since I played RPG! as far as I remember, my last RPG gameplay is Bishoujo Warrior Hibiki....

O.C. Dawgs perform "Pauwi Nako" LIVE on Wish 107.5 Bus

June 23, 2020

June 23, 2020 40

Hip-hop group O.C. Dawgs perform their hit song, “Pauwi Nako” live on the Wish 107.5 Bus! The track has dominated...

BMAX X14 Review & Unboxing 8GB Gemini Lake Laptop

June 29, 2020

June 29, 2020 31

BMAX X14 Review, possibly the last Celeron N4100 8GB laptop I will review. $309 with coupon: BGBXL1IL here: 00:00 –...

SMU vs Florida Atlantic Highlights | 2019 Boca Raton Bowl | College Football

June 26, 2020

June 26, 2020 43

2019 Boca Raton Bowl SMU vs Florida Atlantic Highlights Please support the channel by visiting DISCLAIMER – All clips property...

ROBLOX Pillow Fight! Let's Play Family Game Night with Ryan's Family Review

June 23, 2020

June 23, 2020

ROBLOX Pillow Fight! Let’s Play Family Game Night with Ryan’s Family Review. It is Ryan and Daddy’s Family Game Night...

Exhibitionism, Dirty Talk, and Water Sports | Ask Slutever (Part 2)

June 18, 2020

June 18, 2020 21

WATCH PART 1: In the second part of Ask Slutever, Karley Sciortino answers your burning questions about sex and relationships....

Game Bản Quyền Khác Gì Game Crack

June 29, 2020

June 29, 2020 17

Hi AE, Omaivn là ai ? Điều đó không quan trọng. Quan trọng là AE hay theo dõi kênh của...

"Am I old enough for this ride..?" – SKYRIM ADULT MODS #10

June 25, 2020

June 25, 2020 44

➢ Use “MXR” 3% cashback: ➢ Support on Patreon: ➢ Follow me on Instagram: @mxr_mods Skyrim Mods Weekly Playlist: Special...

DEFORESTATION | The Forest

June 25, 2020

June 25, 2020 33

Sorry Lorax! Patreon Pledge ➥ Mail me something ➥ P.O. Box 11 Nicholasville Ky 40340 Twitch Profile ➥ Twitch ➥...

Do you like purple pear pie?! Come cook with The Bumble Nums!

June 25, 2020

June 25, 2020

Watch videos from Super Simple in the Super Simple App for iOS! ► In this collection of Bumble Nums cartoons,...

Ravenswood – Official Trailer | Freeform

June 28, 2020

June 28, 2020 29

Featuring “The One That Got Away” by The Civil Wars. Pretty Little Liars spin-off series Pretty Little Liars: The Perfectionists...

Skip school ! -escape game Stage 1-24 Walkthrough

June 19, 2020

June 19, 2020 5

I can’t be bothered to go to school everyday… ……….. Yeah, let’s skip! The boss who always “Skip work” becomes...

Federalism: Crash Course Government and Politics #4

June 22, 2020

June 22, 2020 48

In which Craig Benzine teaches you about federalism, or the idea that in the United States, power is divided between...

Binging with Babish: Bear Stew from Red Dead Redemption 2

June 25, 2020

June 25, 2020 48

Food in video games has seen a renaissance in the past few years, with vittles playing a pivotal role in...

Comments
Leave a Reply

Your email address will not be published. Required fields are marked *