Guidance

Retirement Expert Provides Essential Social Security Guidance for Utahns

Salt Lake City, Utah – As the average retirement age for American workers hovers around 65, many individuals find themselves navigating the complexities of Social Security benefits. With the ability to claim benefits between the ages of 62 and 70, the process can be overwhelming for those unfamiliar with its intricacies. AARP offers a valuable resource for individuals seeking clarity on Social Security. With one in 5 Americans already receiving benefits and millions entering retirement …

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Earnings Test Dilemma: Older Husband Seeks Guidance for Working Wife’s Social Security

Washington, D.C. – An older husband seeking guidance with his working wife on how to navigate Social Security benefits was the subject of a recent inquiry to AMAC Certified Social Security Advisor Russell Gloor. The couple was grappling with the idea of using the wife’s Social Security benefits to manage their credit card debt while she continues to work. The husband, aged 74 and retired, receives Social Security benefits and pensions to sustain their lifestyle, …

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Retirement Dilemma: 69-Year-Old with $34,000 in Roth IRA Seeks Financial Guidance

Miami, FL – A 69-year-old individual who has diligently contributed $500 per month to a Roth IRA is dismayed to find out they have only saved $34,000. They express frustration, feeling that they should be in a much better financial position at their age. Seeking guidance on how to improve their retirement savings, they are looking for assistance from experts in financial planning and wealth management. The individual’s situation raises questions about the effectiveness of …

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Social Security Recipient Shocked to Owe $5,000 in Overpayment Fees: Reddit Seeks Guidance

Miami, Florida – A Reddit user sought advice after discovering they were facing a $5,000 overpayment fee owed to Social Security. Social Security benefits are crucial for families in need of financial assistance, but sometimes issues arise with repayment obligations. In a Reddit post, a user who identified as being adopted detailed their confusion after being notified by the Social Security Administration that they owed $5,500. Despite working multiple jobs, the user claimed they had …

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CVS Health Cuts 2024 Guidance After Surge in Medical Costs

CVS Health, based in Woonsocket, Rhode Island, has announced a reduction in its 2024 financial guidance due to increased medical costs. The company cited higher expenses related to COVID-19, as well as higher costs for long-term care and other health services as the reason for the lower guidance. This news comes as a surprise to many investors and analysts, as CVS had previously projected higher earnings for the coming years. The impact of the COVID-19 …

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