Saturday, May 17, 2025

🕰️ Should You Wait to Retire? Here’s Why Age 70 Might Be the Smart Move


📈 Thinking of retiring at 70? Here’s why it might be worth the wait:

👵 1. Maximum Monthly Benefit

Your Social Security check increases by 8% per year you delay past your full retirement age—up to age 70. That could mean $640 more per month if your FRA benefit is $2,000!

📊 2. Higher Lifetime Payouts

Live into your 80s or beyond? You’ll likely come out ahead by delaying benefits. Think of it as longevity insurance.

💑 3. Bigger Survivor Benefits

Your spouse may receive higher survivor benefits if you pass away first—based on what you were receiving.

💵 4. Built-In Inflation Protection

Higher starting benefits mean bigger cost-of-living increases over time. 🪙

💡 5. More Retirement Flexibility

Delaying can reduce the risk of outliving other retirement income sources like 401(k)s or IRAs.

For more information please call

310-445-3322

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Thursday, May 15, 2025

🚨 Big News: Medi-Cal Now Based on Income Only – No Asset Limits!


Are you over 65 or under 65 and you need Medical because your medicare premiums and expenses are high and you have are low income?

Medical Income Limits for 2025 

 

California eliminated the asset limit for Medi-Cal eligibility.

 

This means that individuals and couples in California can qualify for Medi-Cal regardless of their assets. 

Only incomes are counted.

 

              Individuals: $20,783 per year

              Couples: $28,208 per year

              Families of 3: $35,632 per year

              Families of 4: $44,367 per year 

For more information please call

310-445-3322

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Claiming Social Security Early? Here’s What You Need to Know!


For individuals born in 1959, the FRA has increased to 66 years and 10 months. This is part of a gradual rise in FRA, which will reach 67 for those born in 1960 or later. Claiming benefits before reaching FRA can result in reduced monthly payments.

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310-445-3322

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Tuesday, May 6, 2025

Social Security disability insurance is coverage that workers earn

Social Security disability insurance is coverage that workers earn 

Disability is unpredictable and can happen to anyone at any age:

Disability is something many Americans, especially younger people, think can only affect the lives of other people.

Tragically, thousands of young people are seriously injured or killed, often as the result of traumatic events.

Many serious medical conditions, such as cancer or mental illness, can affect the young as well as the elderly.

The sobering fact for 20-year-olds is that more than 1-in-4 of them becomes disabled before reaching retirement age.

As a result, they may need to rely on the Social Security disability benefits for income support.

Social Security disability benefits provide a critical source of financial support to people when they need it most.

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Saturday, May 3, 2025

What Conditions Automatically Qualify You For Disability?

What Conditions Automatically Qualify You For Disability?

You have probably heard that being approved for disability benefits can be challenging. The process can also be time consuming which leaves many people wondering and worrying about what to do for income while waiting for disability. Documentation is the key to a successful claim. There are a lot of medical conditions, however, that do qualify for expedited approval. Some conditions automatically qualify for disability benefits if you have a confirmed diagnosis. There are a few conditions that warrant such approvals. The Social Security Administration (SSA) runs two disability benefits programs that are application-based and offer financial assistance to people who have a medical condition (i.e., a disability) that prevents them from working. These two programs are Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI).

 

The best way to tell which medical conditions automatically qualify you for Social Security disability is to consult the compassionate allowances list. This list has over 200 conditions so it is important to view it. If your condition is on the list, it is likely that your application process will be expedited.



Some conditions that automatically qualify you for disability include:

 

1.    Cancers (advanced stages)

2.    Cardiovascular system disorders (chronic heart failure)

3.    Neurological disorders (ALS, multiple sclerosis)

4.    Early-onset Alzheimer’s disease

1.    Musculoskeletal system (spinal disorders)

2.    Organ transplantation

3.    Parkinson's

4.    Visual disorders (blindness)


A claim because of one of these conditions will get expedited attention, which means you might get a decision within a month of applying.


For more information please call

310-420-3505

or visit our website at

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