The Social Security Administration (SSA) determines a person’s income-related monthly adjusted amount (IRMAA) based on their tax information from the Internal Revenue Service (IRS). Medicare ...

While you may know Medicare is a federal health insurance program primarily designed for U.S. adults ages 65 and older, you ...

While a person usually isn’t eligible for Medicare until age 65, their income at age 63 determines the premium rate they pay during their first year of coverage. Medicare Part B premiums are ...

instead of enrolling in Medicare because I was told that COBRA protected me from the Medicare penalty for 18 months. My sister informed me about Medicare's special enrollment period in the ...

I retired from my employer of 20 years last June when I turned 66. I enrolled in COBRA, which began July 1, instead of enrolling in Medicare because I was told that COBRA protected me from the ...

Sources of retirement income include Social Security, retirement accounts, pensions and employment wages. Retirees can expect to spend 80% of their pre-retirement income in retirement, according ...

CDs traditionally lack liquidity, which can be a huge drawback. If you're afraid of being stuck paying early withdrawal penalties in case of an emergency, no-penalty CDs can help you avoid that risk.

If you are 65 or older, however, you can withdraw HSA funds for non-medical expenses without paying the additional tax penalty. However ordinary income tax rates still apply to distributions for ...