What is a fiduciary?

What is a fiduciary?

In the simplest terms, a fiduciary is a person who holds your best interest as his or her utmost responsibility.   SDP has operated as fiduciaries for financial planning and for all third party money management we have done since we began our business. With regard to...
How much should I expect to pay for Medicare?

How much should I expect to pay for Medicare?

Part A of Medicare has no direct premium cost to a participant, but it does have a $1,288 per admission deductible in 2016.   Part B of Medicare has a monthly premium that is automatically deducted from your Social Security check.  Each participant has a monthly...
Is Medicare free?

Is Medicare free?

Partly.  Medicare has two parts.  Part A does not cost anything out of pocket and it primarily covers in-patient hospital related expenses after a per admission deductible.  Part B has a monthly cost and it generally changes each year.    Part B primarily covers 80%...
Will Social Security be there when I retire?

Will Social Security be there when I retire?

We would be joining the legions of speculators if we offered an opinion.  It would be just that:  an opinion.  The best answer is to consider the facts.   First, look at your personal Social Security statement and just under “Your Estimated Benefits” is a statement...
When should I take Social Security?

When should I take Social Security?

As with any question of this sort, the answer is that it always depends.   The answer always begins with whether you have to have the income immediately or not.   If so, the question is answered!  However, other considerations are your health, marital status, health...