The Social Security cost of living adjustment (COLA) increased 2% for 2018. However, some recepients will be surprised to find that this COLA was actually offset by higher Medicare Part B premiums, which are deducted directly from benefit payments. Higher income retirees can see their Part B premiums increase due to a surcharge known as Income Related Monthly Adjustment Amount. Depending on one's income, the Medicare B surcharge may exceed the COLA.
Have you resolved to get your financial house in order in 2018? Here are five financial mistakes to avoid in the new year.
President Trump is expected to sign the Tax Cuts and Jobs Act of 2017 later this week. We've prepared an overview of key provisions of the bill.
So many books, so little time! Here's a list of books to help the special someone in your life with their financial literacy.
One of the benefits of working with Dimensional Fund Advisors (DFA) is the firm's commitment to upping their game. That ethos flows to their community of advisors as well. Yesterday I traveled to Charlotte along with 80 plus other financial advisors for a DFA sponsored workshop. The workshop had nothing whatsoever to do with investments. It was solely focused on improving communication with clients, with a variety of experts sharing research and ideas to help me improve my game, and by extension, the work I do on behalf of clients.