Social Security Recipients Get 2.8% Cost of Living Boost in 2019

By Dave Winkler The Social Security Administration announced a 2.8% cost of living adjustment (COLA) that will benefit 63 million recipients starting January 20191. This adjustment marks the second consecutive year of COLA growth of two percent or greater. In 2017, the increase was 2.0%2. In 2015 and 2016, COLA increases were 0.0% and 0.3%, […]

When Is Social Security Income Taxable?

To find out if this tax applies to you, look closely at two factors. Provided by Cornerstone Wealth Management Your Social Security income could be taxed. That may seem unfair or unfathomable. Regardless of how you feel about it, it is a possibility. Since 1984, Social Security recipients have had to contend with this possibility. […]

LPL Ranks #1 in Customer Loyalty in 2018

The most meaningful measure of how well we’re serving our clients is whether we exceed their expectations in delivering the value and commitment they need to pursue their life and financial goals. That’s why I wanted to share with you the news that LPL and its affiliated advisors, including Cornerstone Wealth Management, were recently ranked […]

Why You Should Have an Online Social Security Account

In monitoring your Social Security profile, you may help to thwart fraud. Could your personal information soon be stolen? The possibility cannot be dismissed. Sensitive financial and medical data pertaining to your life may not be as safe as you think, and thieves may turn to a vast resource to try and mine it – […]

Now 64? Prepare to Sign Up for Medicare

This is the time to arrange lifelong health coverage. Age 64 is the age when you are reminded that you are a baby boomer growing older. Regardless of how young or old you feel at 64, you should make sure to sign up for Medicare. The sign-up period will be here before you know it. […]

Your Social Security Benefits & Your Provisional Income

Earning too much may cause portions of your retirement benefits to be taxed. You may be shocked to learn that part of your Social Security income could be taxed. If your provisional income exceeds a certain level, that will happen. Just what is “provisional income”? The Social Security Administration defines it with a formula. Provisional income […]