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How to Navigate Divorce Later in Life

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Tips on managing the shock, financial instability, and new lease on life when divorce comes after you’ve already built a life together.

In addition to the changes to Social Security and the tax code, the OBBBA includes a number of provisions that will reduce access to medical coverage for Americans under Medicare, Medicaid, and the Affordable Care Act (ACA).
For instance, the Act will reduce access to both Medicaid and ACA coverage through a range of new work rules, paperwork requirements, and tighter eligibility considerations, while the delayed implementation of Medicare enrollment reforms will make it harder for low income Americans to access premium subsidies to support their coverage. Changes to ACA eligibility could likewise impact individuals on employer-provided health plans who are considering retirement before age 65, reducing access to income-based subsidies to offset their out-of-pocket costs for coverage.
According to estimates, the cuts to Medicaid alone in the OBBBA will total between $800 billion and $1.2 trillion over the next 10 years1, putting coverage for as many as 7.8 million Americans at risk2. These cuts will likely have an outsized impact on older Americans, those living in rural areas, and immigrants.&nbsp;That&rsquo;s because 30% of Medicaid spending supports older recipients who are eligible for both Medicaid and Medicare &ndash; including more than 60% of nursing home residents for whom Medicaid is the primary payer.<a role="link" tabindex="0">3&nbsp;</a>Rural areas with limited healthcare access will likely lose even more hospitals and other medical facilities.<a role="link" tabindex="0">4</a>&nbsp;Meanwhile, more immigrants will lose access to care once states lose the ability to use federal funds to cover undocumented immigrants through Medicaid.
<h3>Key Changes to Medicare5</h3>
<h3>Enrollment Streamlining Rules Have Been Suspended Until 2035</h3>
<ul>
<li>
What&rsquo;s Changing: The OBBBA is delaying previous reforms that would have automatically enrolled low-income seniors into programs like Medicare Savings or Medicaid dual eligible plans. States began implementing the earlier rule in Fall 2024.
</li>
<li>
Potential Effect: Many seniors will continue missing out on benefits they&rsquo;re entitled to, like premium-free Part B or reduced drug costs, due to lack of awareness or administrative burden.
</li>
</ul>
New Limits to Medicare Eligibility
<ul>
<li>
What&rsquo;s Changing: Under the new rules, Medicare eligibility is now restricted only to U.S. citizens, green card holders, and certain Cuban-Haitian entrants.
</li>
<li>
Potential Effect: Previously, many legal immigrants aged 65 and older&mdash;including permanent residents&mdash;could access premium-free Medicare Part A if they or their spouse had worked in the U.S. and paid Medicare taxes for at least 40 quarters. Under the new rules, individuals outside the three above-specified categories will no longer be eligible. Current beneficiaries who no longer qualify under these restrictions will see their Medicare coverage terminated within 18 months or less.
</li>
</ul>
These changes could also create ripple effects for older adults who are dual eligible for both Medicare and Medicaid, particularly as broader Medicaid cuts take effect.
<h3>Key Changes to Medicaid</h3>
New Mandatory Work and Community Engagement Requirements
<ul>
<li>
What&rsquo;s Changing: Starting by December 31, 2026, all adults aged 19-64 who are receiving Medicaid benefits must complete and report at least 80 hours of work, volunteering, or education per month, unless they have a disability or are otherwise exempt.&nbsp;
</li>
<li>
Potential Effect: Tens of thousands of current Medicaid enrollees &ndash; especially part-time workers or caregivers &ndash; may lose their coverage if they can&rsquo;t meet these new reporting or activity requirements. The complexity of the work documentation rules in the OBBBA may confuse or discourage eligible people from reapplying for benefits.
</li>
</ul>
Eligibility Redeterminations are Now Required Every 6 Months
<ul>
<li>
What&rsquo;s Changing: Under the OBBBA, Medicaid expansion enrollees must re-verify their eligibility twice a year, not just once, starting after December 2026.
</li>
<li>
Potential Effect: The increased red tape associated with this new requirement could lead to eligible individuals being dropped for missing paperwork. In addition, states with outdated technology or language barrier issues among recipients may see a spike in wrongful terminations.
</li>
</ul>
New Cost-Sharing Requirements for Recipients
<ul>
<li>
What&rsquo;s Changing: Starting October 1, 2028, Medicaid recipients who have incomes at or above 100% of the federal poverty level will owe up to $35 per doctor visit, capped at 5% of family income.
</li>
<li>
Potential Effect: Many low-income Americans on Medicaid may skip care due to these new costs. Chronic care (like diabetes, asthma, or mental health visits) may become unaffordable, leading to worse long-term outcomes.
</li>
</ul>
Enhanced Eligibility Verification Requirements
<ul>
<li>
What&rsquo;s Changing: The OBBBA introduces stricter documentation and residency-verification requirements for Medicaid enrollees, particularly those deemed high-risk or likely to move frequently. States must collect up-to-date contact information for all enrollees by January 1, 2027, and have a system in place to prevent enrollment in two states simultaneously by October 1, 2029.
</li>
<li>
Potential Effect: These changes could disproportionately impact individuals who frequently change addresses&mdash;such as unhoused individuals or older adults transitioning between care settings. Many risk losing coverage simply because of missed mail or paperwork errors, often without realizing they&rsquo;ve been dropped or that re-verification is required.
</li>
</ul>
Provider Tax and Payment Caps
<ul>
<li>
What&rsquo;s Changing: States are currently able to finance their share of Medicaid spending through multiple sources, including state general funds, healthcare related taxes (aka provider taxes), and local government funds. Under the OBBBA, states will no longer be allowed to implement new provider taxes, and existing ones must be capped between&nbsp;3.5% and 6%. Additionally, the law limits Medicaid provider payments to&nbsp;no more than 100% of Medicare rates, or&nbsp;110%&nbsp;for states that did not previously expand Medicaid.
</li>
<li>
Potential Effect: These limits may reduce provider revenue and discourage participation in Medicaid. As a result, beneficiaries&mdash;particularly those in rural or underserved communities&mdash;could face fewer available providers and reduced access to care.
</li>
</ul>
<h3>Key Changes to the Affordable Care Act</h3>
Pre-Enrollment Verification of Eligibility for Premium Tax Credit and Other Cost Savings
<ul>
<li>
What&rsquo;s Changing: Beginning after December 31, 2027, new enrollees in ACA healthcare plans will need to verify their eligibility before enrollment to receive any premium tax credits or cost-sharing reductions. The requirements include the verification of income, immigration status, health coverage status, place of residence, family size, and potentially more. This provision effectively ends auto-renewals.
</li>
<li>
Potential Effect: As with some of the new Medicaid requirements, the paperwork and complexity related to these new requirements might convince some potential ACA customers not to apply for tax credits or cost savings.
</li>
</ul>
Recapture of Excess Premium Tax Credits
<ul>
<li>
What&rsquo;s Changing: Currently, if an ACA customer receives excess premium tax credits because their estimated income was lower than their actual income, they must repay the excess. However, in most cases there is a cap on these repayments that&rsquo;s based on household income. Under the OBBBA, all premium tax credit recipients must repay the full amount of any excess, no matter what their income is.
</li>
<li>
Potential Effect: Again, the risk of having to make payments on excess credits could convince some not to apply for them at all.
</li>
</ul>
Reduced Access to ACA Premium Subsidies for Legal Immigrants&nbsp;
<ul>
<li>
What&rsquo;s Changing: Legal immigrants were previously eligible to enroll in ACA Marketplace coverage and receive the same premium subsidies and cost-sharing reductions that American citizens can. In addition, these immigrants could also access ACA Marketplace coverage if their income was under 100% of the federal poverty level and they did not qualify for Medicaid due to their immigration status. The OBBBA is limiting eligibility for subsidized coverage to permanent residents, such as green card holders, and eliminating eligibility for non-qualifying immigrants beginning January 1, 2026.
</li>
<li>
Potential Effect: This could limit healthcare availability for legal immigrants and increase what they have to pay for coverage in the open market.
</li>
</ul>
<h2>What This All Means for the Future of Medicare, Medicaid and ACA</h2>
The changes under the OBBBA mean that individuals will need to stay informed on eligibility rules, pay attention to re-qualification requirements, and be aware of how their doctors networks may change over time. For lower-income Medicare enrollees, understanding your eligibility for premium subsidies will be an important cost-saver until the streamlined rules are implemented in 2035.
<h4>SOURCES</h4>
<ol>
<li>Euhus, R., Williams, E., Burns, A., Rudowitz, R. (July 1, 2025).&nbsp;Allocating CBO&rsquo;s Estimates of Federal Medicaid Spending Reductions Across the States: Senate Reconciliation Bill. KFF. <a href="https://www.kff.org/medicaid/issue-brief/allocating-cbos-estimates-of-federal-medicaid-spending-reductions-across-the-states-senate-reconciliation-bill/">https://www.kff.org/medicaid/issue-brief/allocating-cbos-estimates-of-federal-medicaid-spending-reductions-across-the-states-senate-reconciliation-bill/</a></li>
<li>Alker, J., Schneider, A. (June 26, 2025). One Big Beautiful Bill Act: Winners and Losers in the Medicaid Provisions. Georgetown University McCourt School of Public Policy Center for Children and Families. <a href="https://ccf.georgetown.edu/2025/06/26/one-big-beautiful-bill-act-winners-and-losers-in-the-medicaid-provisions/">https://ccf.georgetown.edu/2025/06/26/one-big-beautiful-bill-act-winners-and-losers-in-the-medicaid-provisions/</a></li>
<li>Medicare Payment Advisory Commission, Medicaid and CHIP Payment and Access Commission. (January 2024). Data Book: Beneficiaries Dually Eligible for Medicare and Medicaid. <a href="https://www.macpac.gov/wp-content/uploads/2024/01/Jan24_MedPAC_MACPAC_DualsDataBook-508.pdf">https://www.macpac.gov/wp-content/uploads/2024/01/Jan24_MedPAC_MACPAC_DualsDataBook-508.pdf</a></li>
<li>Saunders, H., Burns, A., Levinson, Z. (July 2, 2025). How Might Federal Medicaid Cuts in the Senate-Passed Reconciliation Bill Affect Rural Areas? KFF. <a href="https://www.kff.org/policy-watch/how-might-federal-medicaid-cuts-in-the-senate-passed-reconciliation-bill-affect-rural-areas/">https://www.kff.org/policy-watch/how-might-federal-medicaid-cuts-in-the-senate-passed-reconciliation-bill-affect-rural-areas/</a></li>
<li>KFF. (July 8, 2025).&nbsp;Health Provisions in the 2025 Federal Budget Reconciliation Bill. <a href="https://www.kff.org/tracking-the-medicaid-provisions-in-the-2025-budget-bill/">https://www.kff.org/tracking-the-medicaid-provisions-in-the-2025-budget-bill/</a></li>
</ol>

What the OBBBA Means for Medicare, Medicaid, and the Affordable Care Act

what-passage-of-the-one-big-beautiful-bill-act-means-for-medicare-medicaid-affordable-care-act

Following weeks of debate, negotiations, and compromises, the House passed President Trump&rsquo;s budget bill &ndash; better known as the One Big Beautiful Bill Act (OBBBA) &ndash; by a vote of 218 to 214, after the Senate approved the bill 51-50. Following those votes, the bill went back to the president who signed it into law in a ceremony on July 4, 2025.
The question now is what the law will mean for Social Security and other retirement accounts, and when those changes will start to show up.
According to the Council of Economic Advisors (CEA), 88% of retirees who receive Social Security benefits will pay no tax on their benefits under the OBBBA as a result of their total deductions exceeding their taxable Social Security benefits. But that is just one of the ways that the new budget will impact retirees across the country.
The short story is that the OBBBA is reducing the tax collected on Social Security income by temporarily increasing the standard deduction by $6,000 (for those who are single) and $12,000 (for married couples filing jointly) for everyone aged 65 and up. According to the White House, this new deduction, in addition to the existing standard deductions, will cover the tax collected on 88% of American retirees&rsquo; Social Security benefits.
Under current law, up to 85% of <a href="https://www.ssa.gov/faqs/en/questions/KA-02471.html">Social Security benefits are considered taxable</a> for retirees making more than $25,000 and joint filers making more than $32,000. To determine if your benefits are taxable, take half of the Social Security income you collect during the year, along with non-taxable interest, and add it to your other income sources, such as pensions, part-time work, interest, dividends and capital gains. Social Security calls this your &lsquo;combined income&rsquo;.
If you&rsquo;re single and the total is more than $25,000, then part of your Social Security benefits may be taxable. If you&rsquo;re married, take half of your Social Security benefits, half of your spouse's benefits, and add in all your combined income. If it&rsquo;s more than $32,000, then part of your Social Security may be taxable. How much? It depends on which income bracket you fit into.
50% of your benefits may be taxable if you are:&nbsp;
<ul>
<li>Filing single, head of household, or qualifying widow or widower with $25,000 to $34,000 in total income.</li>
<li>Married, filing separately, and living apart from your spouse all of last year with $25,000 to $34,000 income.</li>
<li>Married, filing jointly with $32,000 to $44,000 in income.</li>
</ul>
Up to 85% of a your benefits may be taxable if you are:&nbsp;
<ul>
<li>Filing single, head of household, or qualifying widow or widower with more than $34,000 in total income.&nbsp; Married, filing jointly with more than $44,000 income.</li>
<li>Married, filing separately, and lived apart from your spouse for all of last year with more than $34,000 income.</li>
<li>Married, filing separately, and lived with their spouse at any time during 2021.</li>
</ul>
Social Security will continue to be taxed based on these limits, regardless of the new deductions in the OBBBA.
<h2>How the New Deductions in the OBBBA Will Work</h2>
The deductions introduced in this year&rsquo;s budget bill will be available for tax years 2025 through 2028 and start for filers at age 65. If filing jointly, one spouse needs to be age 65 or older.
According to the Administration, a retiree who files singly will see a total deduction of $23,750 starting this tax year, including the $15,750 standard deduction, $2,000 existing senior deduction, and the new $6,000 senior deduction. For married couples filing jointly, it will add up to $46,700, including the $31,500 standard deduction for joint filers, the $3,200 existing senior deduction, and the new $12,000 senior deduction for couples.
These new deductions will expire after the 2028 tax year if they aren&rsquo;t renewed between now and then. Also, remember, you can request to pay taxes on your Social Security benefits throughout the year instead of paying a large bill at tax time, withholding 7%, 10%, 12%, or 22% of your monthly payment by filing the form W-4V. Taxes on Social Security benefits are not automatically withheld like they commonly are on your paycheck while you&rsquo;re working.
<h2>Additional Tax Implications of the OBBBA</h2>
The new senior deductions are just one way that the OBBBA is set to overhaul the tax system. It will also build on a number of changes made in the Tax Cuts and Jobs Act (TCJA), passed in 2017 during President Trump&rsquo;s first term. These additional updates include:
Lower Marginal Tax Rates: The lower tax rates from the TCJA are now made permanent. The OBBBA is also increasing the inflation adjustment by an extra year for the 10%, 12%, and 22% tax brackets.
Increase the Standard Deduction: The increased standard deduction from the TCJA has also been made permanent, with extra enhancements starting in 2025 at $31,500 for joint filers, $23,625 for head of household, and $15,750 for all others. These deductions will be adjusted for inflation in the years ahead.&nbsp;
Temporarily Increase the Deduction for State and Local Taxes (SALT): The state and local tax deduction cap has been increased to $40,000 for 2025 and will increase by 1% annually through 2029. This will phase out for those with incomes over $500,000 and then reduce the cap to a flat $10,000 thereafter.
No Change to the Personal Exemption: The personal exemption, which was eliminated in the TCJA, continues to be suspended.
Increase the Child Tax Credit: The child tax credit, which was set to expire, has been made permanent with an increased maximum of $2,200 in 2026, with inflation adjustments in the years ahead.
Make the Alternative Minimum Tax (AMT) Exemption Permanent: The million-dollar exemption from the TCJA for the alternative minimum tax was extended and made permanent. The OBBBA also reverts the AMT exemption phaseout thresholds to 2018 levels of $500,000 for single filers and $1 million for joint returns and increases the phaseout rate.
New Auto Loan Interest Deduction: The OBBBA creates a new deduction for auto loan interest up to $10,000, but only for new cars that were assembled in the U.S. It&rsquo;s temporary, though, only applying for tax years 2025 through 2028.
Increase Estate, Gift, and GST Tax Exemption Increase: Starting in 2026, the federal estate, gift, and generation-skipping transfer (GST) tax exemption will rise to $15 million per individual, up from $13.99 million in 2025. This means an individual can transfer up to $15 million during their lifetime or at death without incurring these federal taxes. For married couples, this combined exemption will increase to $30 million in 2026, up from $27.98 million in 2025.
<h2>What This All Means for the Future of Social Security</h2>
Will these adjustments in the OBBBA improve the long-term health and viability of the Social Security system? The short answer is these new tax deductions &ndash; while helpful for retirees receiving Social Security benefits in the short term &ndash; do not directly address the long-term solvency of the program overall, which still needs to be sorted out.
The Social Security Administration still expects the combined reserves of both the Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds to have enough revenue to pay benefits and administrative costs until 2034, with 81% of benefits payable at that point. That&rsquo;s one year earlier than was projected last year. The OASI Trust Fund is projected to become depleted in 2033, the same year as last year&rsquo;s estimate, with 77% of benefits payable at that time.&nbsp; Before 2033, the government will need to pass additional legislation to ensure that Social Security remains solvent for years to come.
<h4>SOURCES</h4>
<ol>
<li>
U.S. House of Representatives. (June 2025). H.R.1 - One Big Beautiful Bill Act. <a href="https://www.congress.gov/bill/119th-congress/house-bill/1/text">https://www.congress.gov/bill/119th-congress/house-bill/1/text</a>
</li>
<li>
Social Security Administration. (June 30, 2025).&nbsp;Must I pay taxes on Social Security benefits? <a href="https://www.ssa.gov/faqs/en/questions/KA-02471.html">https://www.ssa.gov/faqs/en/questions/KA-02471.html</a>
</li>
<li>IRS. (February 9, 2022).&nbsp;IRS reminds taxpayers their Social Security benefits may be taxable. <a href="https://www.irs.gov/newsroom/irs-reminds-taxpayers-their-social-security-benefits-may-be-taxable">https://www.irs.gov/newsroom/irs-reminds-taxpayers-their-social-security-benefits-may-be-taxable</a></li>
<li>The White House. (July 1, 2025).&nbsp;No Tax on Social Security is a Reality in the One Big Beautiful Bill. <a href="https://www.whitehouse.gov/articles/2025/07/no-tax-on-social-security-is-a-reality-in-the-one-big-beautiful-bill/">https://www.whitehouse.gov/articles/2025/07/no-tax-on-social-security-is-a-reality-in-the-one-big-beautiful-bill/</a></li>
<li>
SSA. (2025).&nbsp;Request to withhold taxes. <a href="https://www.ssa.gov/manage-benefits/request-withhold-taxes">https://www.ssa.gov/manage-benefits/request-withhold-taxes</a>
</li>
<li>Tax Foundation. (July 3, 2025). &ldquo;One Big Beautiful Bill Act&rdquo; Tax Policies: Details and Analysis.&nbsp;<a href="https://taxfoundation.org/research/all/federal/big-beautiful-bill-senate-gop-tax-plan/">https://taxfoundation.org/research/all/federal/big-beautiful-bill-senate-gop-tax-plan/</a></li>
<li>Galinski, C., Golds, J. (July 3, 2025).&nbsp;One Big Beautiful Bill Passes, Heads to President's Desk. The National Law Review. <a href="https://natlawreview.com/article/one-big-beautiful-bill-passes-heads-presidents-desk">https://natlawreview.com/article/one-big-beautiful-bill-passes-heads-presidents-desk</a></li>
<li>SSA. (June 20, 2025). Social Security Board of Trustees: Projection for Combined Trust Funds One Year Sooner than Last Year. <a href="https://blog.ssa.gov/social-security-board-of-trustees-projection-for-combined-trust-funds-one-year-sooner-than-last-year/">https://blog.ssa.gov/social-security-board-of-trustees-projection-for-combined-trust-funds-one-year-sooner-than-last-year/</a></li>
</ol>

What Passage of the One Big Beautiful Bill Act Means for Social Security

what-passage-of-the-one-big-beautiful-bill-act-means-for-social-security

Social Security has announced that starting in March 2025 payments under the Social Security Fairness Act will be paid to millions of Americans.
The bill eliminates the Windfall Elimination Provision (WEP) as well as the Government Pension Offset (GPO), two rules that had previously reduced Social Security benefits for those who spent all or most of their careers in public service and received other retirement benefits, such as a pension from a state or local government.1
&ldquo;Social Security is a bedrock of our middle class. It&rsquo;s retirement security that Americans pay into and earn over a lifetime of work &ndash; and count on to be there for them when they retire,&rdquo; said Senator Sherrod Brown (D-OH) who cosponsored the bill in the Senate alongside Senator Susan Collins (R-ME). &ldquo;Social Security should be available to everyone, including local police officers, sheriffs, deputies, firefighters, teachers &ndash; and their families.&rdquo;2
Who is impacted?
Previously, if you&rsquo;ve been a public sector employee during your career, your Social Security and retirement planning would look different than those who&rsquo;ve spent their working years exclusively in the private sector. Private sector employees have a percentage of their paycheck go toward Social Security with the expectation of receiving those Social Security benefits later in life. But, if you have worked in a public sector job your retirement package may not work quite the same way.
Congress passed the WEP to prevent workers who receive non-covered pensions from receiving higher Social Security benefits as if they were long-time, private sector earners, and the GPO to ensure that spousal benefits of those with covered or non-covered lifetime earnings would be roughly equal.3&nbsp;
The Windfall Elimination Provision applies to most teachers and public sector employees who receive both:
<ul>
<li>
A pension from a job where they did not contribute to Social Security, and&nbsp;
</li>
<li>
Social Security benefits based on fewer than 30 years of substantial earnings in covered employment or self-employment.
</li>
</ul>
In short, it limits the Social Security benefits you can claim if you worked in both the public and private sectors over the course of your career.4
The Government Pension Offset, on the other hand, reduces Social Security benefits for spouses, widows, and widowers who also receive government pensions of their own. Meant to reduce &ldquo;double dipping,&rdquo; the GPO allows the government to reduce your spousal benefits by two-thirds the value of your pension.5
What&rsquo;s changing?
Both WEP and GPO are going away, with the rule effective for benefits payable after December 2023.&nbsp;
The elimination of the WEP means that your earnings history will no longer be discounted and you will earn full credit for your public sector work. Previously, public sector earnings were reduced for anyone who spent less than 30 years in the private sector when calculating Social Security benefits.
By eliminating the GPO, Social Security recipients who previously saw their spousal benefits reduced in order to account for their public sector pension will now receive a full spousal benefit.

In a joint statement following the passage of H.R. 82 in November, cosponsors Rep. Garret Graves (R-LA-06) and Rep. Abigail Spanberger (D-VA-07) said: &ldquo;By passing the Social Security Fairness Act, a bipartisan majority of the U.S. House of Representatives showed up for the millions of Americans &mdash; police officers, teachers, firefighters, and other local and state public servants &mdash; who worked a second job to make ends meet or began a second career to support their families after retiring from public service. A bipartisan majority of the U.S. House voted to provide a secure retirement to the hundreds of thousands of spouses, widows, and widowers who are denied their spouses&rsquo; Social Security benefits simply because they chose careers of service.&rdquo;

When will payments be made?

Social Security has indicated that payments will start in March 2025.&nbsp; This retroactive payment will include a lump sum payment to cover the increase in their benefit amount back to January 2024.&nbsp; Social Security has also announced that impacted retirees will start receiving their new monthly benefit amount in April 2025 (for their March 2025 benefit).

If you have previously Social Security benefits and they are partially or completely offset by the WEP/GPO: You do not need to take any action except to verify that SSA has your current mailing address and direct deposit information. Most people can do this online with their personal my Social Security account without calling or visiting Social Security. Visit <a href="https://www.ssa.gov/myaccount">www.ssa.gov/myaccount</a> to sign in or create your account.
If you have not previously filed for Social Security benefits: If you are receiving a public pension and have not previously filed for benefits, you may file online at <a href="https://www.ssa.gov/">ssa.gov</a> or schedule an appointment.6

<h4>SOURCES</h4>
<ol>
<li>
&ldquo;S.597 - Social Security Fairness Act.&rdquo; Congress.com, March 1, 2023, <a href="https://www.congress.gov/bill/118th-congress/senate-bill/597?q=%7B%22search%22%3A%22Social+Security+Fairness+Act%22%7D&amp;s=2&amp;r=2">https://www.congress.gov/bill/118th-congress/senate-bill/597</a>. Accessed 19 December 2024.
</li>
<li>
&ldquo;H.R.82 - Social Security Fairness Act of 2023.&rdquo; Congress.com, January 9, 2024. <a href="https://www.congress.gov/bill/118th-congress/house-bill/82">https://www.congress.gov/bill/118th-congress/house-bill/82</a>. Accessed 19 December 2024.
</li>
<li>
&ldquo;House Overwhelmingly Passes Senator Collins&rsquo; Social Security Fairness Act.&rdquo; Collins.senate.gov, November 14, 2024. <a href="https://www.collins.senate.gov/newsroom/house-overwhelmingly-passes-senator-collins-social-security-fairness-act">https://www.collins.senate.gov/newsroom/house-overwhelmingly-passes-senator-collins-social-security-fairness-act</a>. Accessed 19 December 2024.
</li>
<li>
"Windfall Elimination Provision.&rdquo; SSA.gov, Social Security Administration, January 2024,<a href="http://www.ssa.gov/pubs/EN-05-10045.pdf"> www.ssa.gov/pubs/EN-05-10045.pdf</a>. Accessed 19 December 2024.
</li>
<li>
&ldquo;Government Pension Offset.&rdquo; SSA.gov, Social Security Administration, May 2019,<a href="http://www.ssa.gov/pubs/EN-05-10007.pdf"> www.ssa.gov/pubs/EN-05-10007.pdf</a>. Accessed 19 December 2024.
</li>
<li>
&ldquo;Social Security Fairness Act: Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) update.&rdquo;&nbsp;SSA.gov, Social Security Administration, January 2025,<a href="http://www.ssa.gov/pubs/EN-05-10007.pdf"> https://www.ssa.gov/benefits/retirement/social-security-fairness-act.html</a>. Accessed 3 January 2025.
</li>
</ol>

Social Security eliminates WEP and GPO provisions

wep-gpo-change

The year 2025 will see an increase in 401(k) contribution limits while IRA contribution limits remain unchanged. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan will increase to $23,500, up from $23,000. The limit on IRA annual contributions remains at $7,000.1
In addition to these changes, the catch-up contribution limit for 401(k), 403(b), most 457 plans, and the federal government&rsquo;s Thrift Savings Plan for employees ages 50-59, remains at $7,500 for 2025. New for 2025, based on changes made under the SECURE Act 2.0, a higher catch-up limit of $11,250 now applies to employees ages 60-63 who participate in these plans. The IRA catch-up contribution limit for individuals aged 50 and over remains unchanged at $1,000.2&nbsp;
<img src="https://cdn.buttercms.com/tP7JBcLQ2mcdoP6h69yL" alt="2025 updates - retirement contributions - 8.png" width="358" height="440" style="display: block; margin-left: auto; margin-right: auto;">
Another key change this coming year is an increase to the Roth phase-out cap: The income phase-out range for taxpayers making contributions to a Roth IRA will increase to $150,000 and $165,000 for single filers and heads of households; up from $146,000 and $161,000. And for married couples filing jointly, the income phase-out range increases to between $236,000 and $246,000, up from $230,000 and $240,000. For married individuals filing separately, who is covered by a workplace plan, their income phase-out remains the same from last year at $0 and $10,000.3&nbsp;
<img src="https://cdn.buttercms.com/IDUB7ynKQ5SbV16BA7YO" alt="2025 updates - retirement contributions - 7.png" width="355" height="379" style="display: block; margin-left: auto; margin-right: auto;">
The Saver&rsquo;s Credit (Retirement Savings Contributions Credit) income limit was increased for all filing groups. Married couples filing jointly increased to $79,000, up from $76,500. Head of household went up from $57,375 in 2024 to $59,250 and married individuals filing separately went up to $39,500 from $38,250.4
For more information, read class &ldquo;<a style="text-decoration: none;" href="https://retirementsimplified.silvur.com/retirement-school/how-your-retirement-savings-are-taxed">How Your Retirement Savings Are Taxed.</a>&rdquo;
SOURCES
<ul style="margin-top: 0px; margin-bottom: 0px; padding-inline-start: 48px;">
<li style="list-style-type: none; font-size: 11pt; font-family: Arial, sans-serif; color: #000000;">
&ldquo;401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000.&rdquo; IRS.gov, 1 November 2024, <a style="text-decoration: none;" href="https://www.irs.gov/newsroom/401k-limit-increases-to-23500-for-2025-ira-limit-remains-7000">https://www.irs.gov/newsroom/401k-limit-increases-to-23500-for-2025-ira-limit-remains-7000</a>. Accessed 1 November 2024.
</li>
</ul>

2025 Retirement Contribution Changes

2025-retirement-contribution-changes

The Centers for Medicare and Medicaid Services just released information around Medicare Advantage, also known as Part C, and Medicare&rsquo;s prescription drug plan, Part D.
<h2 style="line-height: 1.44; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding-top: 4pt; padding-bottom: 4pt;">Medicare Advantage (Part C)</h2>
The average premium for Medicare Advantage plans is now $17.00 per month, which is a decrease of $1.23 compared to last year's $18.23.1
Keep in mind that this is only a fraction of the total costs, so make sure to include additional expenses like copays and deductibles.
It&rsquo;s projected that Medicare Advantage enrollment will increase to 35.7 million people this year, compared to last year&rsquo;s 33.8 million. In addition, Medicare Advantage plans will continue to offer a variety of supplemental benefits including access to meals (for a limited duration), fitness benefits and worldwide emergency/urgent coverage. About 28% of Medicare Advantage plans will offer special supplemental benefits for chronically ill individuals.&nbsp;
As a reminder, Medicare Advantage is an all-in-one plan that provides the same coverage as Original Medicare (Parts A and B). However, Medicare Advantage also includes additional benefits such as vision, dental, hearing, prescription drugs, and lower out-of-pocket costs. Medicare Advantage does have a lot of perks compared to Original Medicare but there is one caveat; it&rsquo;s far more restrictive than Original Medicare when it comes to which providers you can see. Therefore, you should see if your doctor takes the Medicare Advantage plan you&rsquo;re planning to choose. Also, if your Medicare Advantage does not include a prescription drug plan, you may be eligible for Medicare Part D.&nbsp;
<h2 style="line-height: 1.44; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding-top: 4pt; padding-bottom: 4pt;">Medicare Part D (Prescription Drug Plan)</h2>
The expected average premium for Medicare Part D coverage in 2025 is $46.50 per month, which is 13.8% lower compared to last year&rsquo;s at $53.95.2&nbsp;
Medicare Part D is specifically designed to help you pay for prescription drugs. It&rsquo;s a supplemental plan to Original Medicare, meaning you can choose to add Part D a la carte. Don&rsquo;t be fooled that your Medicare Part D premium will cover 100% of your total prescription drug costs. You may still be responsible for other costs like annual deductibles, monthly premiums, copayment and out-of-pocket costs. In 2024, 80.4%3 of Medicare enrollees had Part D coverage.
<h2 style="line-height: 1.44; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding-top: 4pt; padding-bottom: 4pt;">Key Takeaways</h2>
This modest reduction in Medicare Advantage premiums might sound like good news to retirees. But keep in mind that premiums are only a part of your total annual costs. By understanding all the real costs of Medicare, it will help you budget for your retirement and navigate your new coverage.&nbsp;
Here are some key financial takeaways to remember:
<ul style="margin-top: 0px; margin-bottom: 0px; padding-inline-start: 48px;">
<li style="font-size: 12pt; font-family: Arial, sans-serif; color: #000000;">
The average 65-year-old couple will spend $330,000 on healthcare over their retirement.4
</li>
<li style="font-size: 12pt; font-family: Arial, sans-serif; color: #000000;">
Where you live impacts your total Medicare costs.
</li>
<li style="font-size: 12pt; font-family: Arial, sans-serif; color: #000000;">
When building health care costs into your plan, consider not just the monthly premium but also factor in out-of-pocket expenses, deductibles and coinsurance.
</li>
<li style="font-size: 12pt; font-family: Arial, sans-serif; color: #000000;">
The average total costs for a Medicare Advantage plan in 2024 which includes out-of-pocket costs, premiums and deductibles was $7,273 a year ($606.08 per month).5
</li>
</ul>
What is <a style="text-decoration: none;" href="http://www.silvur.com/">Silvur</a>?
Silvur future proofs financial institutions for wealth transfer by engaging and supporting your most valuable segment: account holders over 50. This demographic holds over 80% of US household wealth and is the first generation to retire without the benefit of a pension. Silvur makes it easy to help them, with over 800 classes, powerful calculators and a proprietary Retirement Score to guide complex decisions along their Retirement journey, which on average is 20-25 years.

Silvur Impact
Silvur helps capture and retain direct deposit relationships, uncovers hundreds of millions in new deposit and wealth opportunities, and reduces direct deposit attrition and asset flight.

<h4 style="background-color: #ffffff; margin-top: 0pt; margin-bottom: 2pt;">SOURCES</h4>
<ul style="margin-top: 0px; margin-bottom: 0px; padding-inline-start: 48px;">
<li style="list-style-type: none; font-size: 8pt; font-family: Arial, sans-serif; color: #000000;">
&ldquo;Medicare Advantage and Medicare Prescription Drug Programs to Remain Stable as CMS Implements Improvements to the Programs in 2025.&rdquo; CMS.gov, 27 September 2024, <a style="text-decoration: none;" href="https://www.cms.gov/newsroom/fact-sheets/medicare-advantage-and-medicare-prescription-drug-programs-remain-stable-cms-implements-improvements">https://www.cms.gov/newsroom/fact-sheets/medicare-advantage-and-medicare-prescription-drug-programs-remain-stable-cms-implements-improvements</a>. Accessed 30 September 2024.
</li>
<li style="list-style-type: none; font-size: 8pt; font-family: Arial, sans-serif; color: #000000;">
&ldquo;Medicare Advantage in 2024: Premiums, Out-of-Pocket Limits, Supplemental Benefits, and Prior Authorization.&rdquo; kff.org, 8 August 2024, <a style="text-decoration: none;" href="https://www.kff.org/medicare/issue-brief/medicare-advantage-in-2024-premiums-out-of-pocket-limits-supplemental-benefits-and-prior-authorization/">https://www.kff.org/medicare/issue-brief/medicare-advantage-in-2024-premiums-out-of-pocket-limits-supplemental-benefits-and-prior-authorization/</a>. Accessed 30 September 2024.
</li>
<li style="list-style-type: none; font-size: 8pt; font-family: Arial, sans-serif; color: #000000;">
&ldquo;Medicare Monthly Enrollment.&rdquo; CMS.gov, May 2024, <a style="text-decoration: none;" href="https://data.cms.gov/summary-statistics-on-beneficiary-enrollment/medicare-and-medicaid-reports/medicare-monthly-enrollment">https://data.cms.gov/summary-statistics-on-beneficiary-enrollment/medicare-and-medicaid-reports/medicare-monthly-enrollment</a>. Accessed 30 September 2024.
</li>
<li style="list-style-type: none; font-size: 8pt; font-family: Arial, sans-serif; color: #000000;">
Fidelity Investments&reg; Releases 2024 Retiree Health Care Cost Estimate as Americans Seek Clarity Around Medicare Selection.&rdquo; Fidelity Investments, 8 August 2024, <a style="text-decoration: none;" href="https://newsroom.fidelity.com/pressreleases/fidelity-investments--releases-2024-retiree-health-care-cost-estimate-as-americans-seek-clarity-arou/s/7322cc17-0b90-46c4-ba49-38d6e91c3961">https://newsroom.fidelity.com/pressreleases/fidelity-investments--releases-2024-retiree-health-care-cost-estimate-as-americans-seek-clarity-arou/s/7322cc17-0b90-46c4-ba49-38d6e91c3961</a>. Accessed 30 September 2024.
</li>
<li style="list-style-type: none; font-size: 8pt; font-family: Arial, sans-serif; color: #000000;">
Silvur Services LLC. (2024) Cost Of Living Calculator. Unpublished internal company document.
</li>
</ul>

2025 Part D and Medicare Advantage (Part C) Changes

2025-medicare-part-cd-changes

What’s New for Medicare AEP 2025

2025-medicare-aep-2025

2025 Presidential Budget Proposal
Today President Biden released his 2025 Budget. While nothing is guaranteed during the budget negotiations, Biden once again re-affirmed his commitment to protecting and strengthening Social Security and Medicare. While there have been solid strides over the last few years to reign in Medicare costs, prescription drugs in particular, both programs still need major reform.
The upcoming budget includes proposals to
Protect and Strengthen Medicare. The Budget strengthens Medicare by extending the solvency of the Medicare trust.&nbsp; The proposal increases Medicare taxes on incomes above $400,000 from 3.8 percent to 5 percent.. &nbsp;&nbsp;The Budget also speeds up the pace of negotiation of prescription drug prices, expands the Inflation Reduction Act&rsquo;s inflation rebates and extends the $2,000 out-of-pocket prescription drug cost cap to non- Medicare participants. The budget proposal also extends the $35 cost-sharing cap for a month&rsquo;s supply of insulin to the commercial market.&nbsp;
Protects the Social Security Benefits that Americans Have Earned. The Administration is committed to extending the solvency of Social Security by increasing taxes on higher income earners.
Ensures That Americans Can Access the Benefits They&rsquo;ve Earned.&nbsp;The Budget also invests in staff, information technology, and other improvements which will improve customer service at SSA&rsquo;s field offices. If you have spoken to a member about visiting a Social Security office recently you will know how important improved services are.
<a href="https://www.whitehouse.gov/omb/briefing-room/2024/03/11/fact-sheet-the-presidents-budget-for-fiscal-year-2025/" rel="follow">Read the full proposal&nbsp;</a>
How Retirement Benefit Policies Impact Your Members
99% of your members will enroll in Social Security and Medicare when they retire.&nbsp; Social Security is your members largest retirement asset, their only source of lifetime/ inflation protected income and a 25+ year direct deposit stream for the credit union.&nbsp; Medicare is members largest cost in retirement ($300k for a couple, excluding long term care) and the stakes are high. 1 wrong decision can lead to a lifetime of penalties and burdensome healthcare expenses.
#1 Social Security
We all agree that Social Security needs to be reformed to ensure long term solvency.&nbsp; The question is how to do this (eg who pays).&nbsp;
Some of the key proposals include:
<ul>
<li>
Eliminating State/ Federal Taxation of SSA: Several proposals are on the Hill right now to eliminate both state and federal taxation of Social Security.&nbsp; Many retirees are surprised when they learn Social Security is taxed.&nbsp; If the tax is eliminated, SSA will have to make up these funds from other places...
</li>
<li>
Delaying Full Retirement Date:&nbsp; Over the years the definition of 'full retirement date', the age when you are eligible for 100% of your benefit, has been delayed.&nbsp; Currently age 67, one way for Social Security to increase solvency is to delay full retirement date.&nbsp; This may be viewed unfavorably by soon to be retirees, particularly those in labor related jobs.
</li>
<li>
Increasing Earnings Cap:&nbsp; Another way to increase solvency is to increase the amount of workers salaries that is subject to Social Security tax.&nbsp; Today earnings above $160,200 are not subject to the 6.2% (12.4% when including employer tax) but there are several proposals to increase the taxes on higher income earners.
</li>
<li>
Modernizing Benefit Calculations: Current Social Security calculations discourage part time work in retirement.&nbsp; They also provide inequitable outcomes when couples divorce and don't provide family caregivers with earnings credits.&nbsp;&nbsp;
</li>
</ul>
Why should credit unions care about Social Security?
99% of your members will enroll in Social Security and Medicare when they retire.&nbsp; Social Security is your members largest retirement asset, their only source of lifetime and inflation protected income.&nbsp; Its also a 25+ year direct deposit stream for the credit union.
What our data shows 
Your female members are disadvantaged by these 1920s policies.&nbsp; They have 20% lower Social Security benefits and 9 year lower retirement scores.. yet will live 5+ years longer than male partners.&nbsp; If your female members age into poverty we have a multi-generational problem.
#2 Medicare
You might think that the Medicare tax in your paycheck covers your healthcare costs in retirement.&nbsp; But the reality is that members are spending $500+ per month (per person) to get full Medicare coverage.&nbsp; This adds up to over $300k over the course of retirement.&nbsp; Reform is needed to cap the costs and ensure that members are guided to the right medicare policy for them.
<ul>
<li>Prescription Drug Reforms: The restructuring of the Medicare Part D drug benefit is expected to lower drug costs for millions of Medicare recipients, and cap annual out-of-pocket costs at $2,000 per person in 2025 for those with Medicare Part D.</li>
<li>Medicare Marketing Reforms: Members are aggressively sold Medicare policies.&nbsp; Medicare has several proposals outstanding to reform Medicare marketing policies, including eliminating marketing subsidies from carriers to agents (which risk promoting policies that pay agents higher commissions).&nbsp; Increased transparency and clear commission schedules is essential for members to get unbiased advice.</li>
</ul>
What our data shows: 
Members are desperately seeking to be educated on Medicare. They want to be educated, not sold/. As one member recently shared with us:&nbsp; &ldquo;The Medicare component of retirement is even more confusing than Social Security.&nbsp;There are people willing to tell you their pitch on that, but they&rsquo;re all salespeople. I don&rsquo;t know that I&rsquo;ve found any independent analysis of what&rsquo;s best to look for."&nbsp; - Tom, 63 y.o. credit union member
About Silvur
Silvur is the retirement engagement solution for Americans over 50&ndash;the demographic that holds over 80% of US household wealth and is the first generation to retire without the benefit of a pension. Silvur makes it easy to help them, with over 800 classes, powerful calculators and a proprietary Retirement Score to guide complex decisions along the 20-30 year Retirement journey.&nbsp; Silvur&rsquo;s always-on technology platform is designed to economically engage all your 50+ members, not just those served by wealth management.&nbsp; Silvur helps capture and retain direct deposit relationships and uncovers hundreds of millions in new deposit and wealth opportunities.&nbsp; Support your most valuable member segment, reduce asset flight, and help your members retire fearlessly with Silvur.

2025 Presidential Budget Proposal- Retirement Policy Focus

2025-president-budget-proposal

ELECTION 2024
As the election cycle picks up, retirement policy remains front of mind for many policy makers.&nbsp; With both Social Security and Medicare long term financing at risk, you should expect to hear big promises on the campaign trail and lots of activity in Washington along the way.
How This Impacts Your Members
99% of your members will enroll in Social Security and Medicare when they retire.&nbsp; Social Security is your members largest retirement asset, their only source of lifetime/ inflation protected income and a 25+ year direct deposit stream for the credit union.&nbsp; Medicare is members largest cost in retirement ($300k for a couple, excluding long term care) and the stakes are high. 1 wrong decision can lead to a lifetime of penalties and burdensome healthcare expenses.
#1 Social Security
We all agree that Social Security needs to be reformed to ensure long term solvency.&nbsp; The question is how to do this (eg who pays).&nbsp;
Some of the key proposals include:
<ul>
<li>Eliminating State/ Federal Taxation of SSA: Several proposals are on the Hill right now to eliminate both state and federal taxation of Social Security.&nbsp; Many retirees are surprised when they learn Social Security is taxed.&nbsp; If the tax is eliminated, SSA will have to make up these funds from other places...</li>
<li>Delaying Full Retirement Date:&nbsp; Over the years the definition of 'full retirement date', the age when you are eligible for 100% of your benefit, has been delayed.&nbsp; Currently age 67, one way for Social Security to increase solvency is to delay full retirement date.&nbsp; This may be viewed unfavorably by soon to be retirees, particularly those in labor related jobs.</li>
<li>Increasing Earnings Cap:&nbsp; Another way to increase solvency is to increase the amount of workers salaries that is subject to Social Security tax.&nbsp; Today earnings above $160,200 are not subject to the 6.2% (12.4% when including employer tax) but there are several proposals to increase the taxes on higher income earners.</li>
<li>Modernizing Benefit Calculations: Current Social Security calculations discourage part time work in retirement.&nbsp; They also provide inequitable outcomes when couples divorce and don't provide family caregivers with earnings credits.&nbsp;&nbsp;</li>
</ul>
This week Reps. Angie Craig, D-Minn., and Yadira Caraveo, D-Colo., introduced new legislation called the <a href="https://www.congress.gov/bill/118th-congress/house-bill/7084/text?s=2&amp;r=26&amp;q=%7B%22search%22%3A%22actionDateChamber%3A%5C%22118%7CH%7C2024-01-25%5C%22+AND+%28billIsReserved%3A%5C%22N%5C%22+OR+type%3A%5C%22AMENDMENT%5C%22%29%22%7D" rel="follow">You Earned It, You Keep It Act</a>.&nbsp; The Act proposes extending the Social Security lifeline by 20 years by increasing taxes on high earning workers and simultaneously removing the federal taxation of Social Security.
Why should credit unions care about Social Security?
99% of your members will enroll in Social Security and Medicare when they retire.&nbsp; Social Security is your members largest retirement asset, their only source of lifetime and inflation protected income.&nbsp; Its also a 25+ year direct deposit stream for the credit union.
What our data shows 
Your female members are disadvantaged by these 1920s policies.&nbsp; They have 20% lower Social Security benefits and 9 year lower retirement scores.. yet will live 5+ years longer than male partners.&nbsp; If your female members age into poverty we have a multi-generational problem.
#2 Medicare
You might think that the Medicare tax in your paycheck covers your healthcare costs in retirement.&nbsp; But the reality is that members are spending $500+ per month (per person) to get full Medicare coverage.&nbsp; This adds up to over $300k over the course of retirement.&nbsp; Reform is needed to cap the costs and ensure that members are guided to the right medicare policy for them.
<ul>
<li>Prescription Drug Reforms: The restructuring of the Medicare Part D drug benefit is expected to lower drug costs for millions of Medicare recipients, and cap annual out-of-pocket costs at $2,000 per person in 2025 for those with Medicare Part D.</li>
<li>Medicare Marketing Reforms: Members are aggressively sold Medicare policies.&nbsp; Medicare has several proposals outstanding to reform Medicare marketing policies, including eliminating marketing subsidies from carriers to agents (which risk promoting policies that pay agents higher commissions).&nbsp; Increased transparency and clear commission schedules is essential for members to get unbiased advice.</li>
</ul>
What our data shows: Members are desperately seeking to be educated on Medicare. They want to be educated, not sold/. As one member recently shared with us:&nbsp; &ldquo;The Medicare component of retirement is even more confusing than Social Security.&nbsp;There are people willing to tell you their pitch on that, but they&rsquo;re all salespeople. I don&rsquo;t know that I&rsquo;ve found any independent analysis of what&rsquo;s best to look for."&nbsp; - Tom, 63 y.o. credit union member

2024 CUNA GAC Hill Hike Primer

2024-Cuna-Gac-Hill-Hike-Primer

We all agree that Social Security needs to be reformed to ensure long term solvency.&nbsp; The question is how to do this (eg who pays).&nbsp;
Some of the key proposals include:
<ul>
<li>Eliminating State/ Federal Taxation of SSA: Several proposals are on the Hill right now to eliminate both state and federal taxation of Social Security.&nbsp; Many retirees are surprised when they learn Social Security is taxed.&nbsp; If the tax is eliminated, SSA will have to make up these funds from other places...</li>
<li>Delaying Full Retirement Date:&nbsp; Over the years the definition of 'full retirement date', the age when you are eligible for 100% of your benefit, has been delayed.&nbsp; Currently age 67, one way for Social Security to increase solvency is to delay full retirement date.&nbsp; This may be viewed unfavorably by soon to be retirees, particularly those in labor related jobs.</li>
<li>Increasing Earnings Cap:&nbsp; Another way to increase solvency is to increase the amount of workers salaries that is subject to Social Security tax.&nbsp; Today earnings above $160,200 are not subject to the 6.2% (12.4% when including employer tax) but there are several proposals to increase the taxes on higher income earners.</li>
<li>Modernizing Benefit Calculations: Current Social Security calculations discourage part time work in retirement.&nbsp; They also provide inequitable outcomes when couples divorce and don't provide family caregivers with earnings credits.&nbsp;&nbsp;</li>
</ul>
This week Reps. Angie Craig, D-Minn., and Yadira Caraveo, D-Colo., introduced new legislation called the <a href="https://www.congress.gov/bill/118th-congress/house-bill/7084/text?s=2&amp;r=26&amp;q=%7B%22search%22%3A%22actionDateChamber%3A%5C%22118%7CH%7C2024-01-25%5C%22+AND+%28billIsReserved%3A%5C%22N%5C%22+OR+type%3A%5C%22AMENDMENT%5C%22%29%22%7D" rel="follow">You Earned It, You Keep It Act</a>.&nbsp; The Act proposes extending the Social Security lifeline by 20 years by increasing taxes on high earning workers and simultaneously removing the federal taxation of Social Security.
Why should credit unions care about Social Security?
99% of your members will enroll in Social Security and Medicare when they retire.&nbsp; Social Security is your members largest retirement asset, their only source of lifetime and inflation protected income.&nbsp; Its also a 25+ year direct deposit stream for the credit union.
What our data shows 
Your female members are disadvantaged by these 1920s policies.&nbsp; They have 20% lower Social Security benefits and 9 year lower retirement scores.. yet will live 5+ years longer than male partners.&nbsp; If your female members age into poverty we have a multi-generational problem.

You Earned It, You Keep It Act

You-earned-it-you-keep-it-act

Americans age 65+ rely on Medicare to provide them retirement healthcare.&nbsp; Even with an increased focus on cost to the consumer and improved clarity of cost/ benefits, Medicare remains one of the most complex aspects of navigating retirement.&nbsp; For many Americans the consequences of making the &lsquo;wrong&rsquo; election can live with them for the remainder of their retirement.
Last week CMS and the Biden administration announced&nbsp;<a href="https://www.cms.gov/newsroom/press-releases/biden-harris-administration-proposes-protect-people-medicare-advantage-and-prescription-drug#:~:text=Press%20release-,Biden%2DHarris%20Administration%20Proposes%20to%20Protect%20People%20with%20Medicare%20Advantage,in%20the%20Medicare%20Advantage%20Program">proposals</a> for major updates to Medicare.&nbsp; These proposals will be open for a comment period for 60 days and some of the proposals could be implemented as early as the 2024 enrollment period.
Some of the key proposals impacting retirees include
<ol>
<li>New guardrails for plan compensation to agents and brokers: CMS&rsquo;s marketing standards have been put in place to ensure that agents provide Americans access to the plan that meets their needs.&nbsp; CMS has flagged that financial incentives to agents and brokers, made more often by large plans, can result in beneficiaries being steered towards plans that offer better compensation to agents rather than being in the best interest of the prospective enrollee.&nbsp; The proposal seeks to expand the definition of compensation and proposes a national fixed compensation amount for Medicare Advantage of $642.</li>
<li>Mid Year enrollment notification for supplemental benefits: Supplemental benefits, such as rides to doctors offices and gym memberships, are often offered via Medicare Advantage as a means for improving preventative healthcare thereby reducing costs to Medicare. But many of these services go unused.&nbsp; The CMS plan proposes requiring Medicare Advantage plans to send a personalized notification to their enrollees mid-year of the unused supplemental benefits available to them to encourage higher utilization.</li>
<li>Improved access to behavioral care providers: CMS is taking steps to improve access to behavioral health care services for Medicare Advantage plan enrollees.&nbsp; Expansion of access would include services such as marriage and family therapists, mental health counselors, addiction medicine clinicians, opioid treatment providers, and others.</li>
<li>Increase competition/ reduces prices of prescription drugs :&nbsp;To support competition in the prescription drug marketplace, CMS is also proposing to provide more flexibility to substitute biosimilar biological products give people with Medicare more timely access to lower-cost biosimilar drugs.&nbsp;</li>
</ol>
What does this mean for financial institutions and your consumers in 2024?
Our research shows that Americans aging into retirement identify Medicare as one of the most complex retirement decisions they make.&nbsp; Financial institutions have an opportunity to double down on your mission for financial wellness and show consumers that you are here to ensure their hard earned retirement savings fund their retirement.
How Silvur can help you in 2024!
Silvur helps Americans age 50+ navigate key retirement decisions.&nbsp; We have learned that one of the most complex retirement decisions is medicare.&nbsp; Thats why we have over 100 retirement school lessons plus personalized tools and calculators just focused on helping soon to be retirees navigate Medicare.
<a href="https://share.hsforms.com/1yqu_FlW6ScWT0Hwgd8VV5Qnkiv2" rel="follow noopener" target="_blank">Schedule a demo</a>

Biden proposes major Medicare updates

medicare-rule-proposal

<h2>Special: In the News Election Edition</h2>
<h3>How 2024 Elections May Affect Retirement Plans&nbsp;</h3>
It&rsquo;s 2024, and the coming election cycle is going to play a pivotal role in American life this year. Retirement is no different, especially because elections and changes in leadership can have a major impact on critical federal programs such as Social Security and Medicare.
That&rsquo;s why Silvur is making things easier for you. We&rsquo;re cutting through the noise to find the key, unbiased election takeaways that matter to your retirement. Check back monthly to keep a pulse on the election news that could have an impact on your retirement plans.&nbsp;
Social Security
Social Security is in flux. As the retirement fund faces the potential of running out in the near future1, many candidates are discussing potential changes to the system, including everything from raising the retirement age2, to increasing taxable earning amounts, trimming benefits for younger Americans3 and more. These changes recently came up at the GOP Presidential debate, and may increase the amount of Social Security benefits that people receive in retirement.4 In particular, Republican candidate Nikki Haley &ldquo;has called for several changes to the nation&rsquo;s safety net programs, including increasing the age at which today&rsquo;s younger workers would become eligible for Social Security retirement benefits and limiting the growth of benefits the wealthy receive.&rdquo;5
The Democrats, for their part, are also looking to make changes to Social Security in order to preserve funds for the program and prevent future benefit cuts.6 President Biden has suggested adding a new payroll tax for those with incomes over $400,000, changing the way that Cost-of-Living Adjustments are calculated, increasing the Primary Insurance Amount for older retirees (when healthcare expenses are likely to be higher), and increasing the special minimum benefit for lower-wage workers to boost their monthly benefits.
At the same time, the Social Security Administration also recently announced a 3.2% benefit increase for 2024 in order to keep up with the cost of living. 7As a result the average monthly benefit is now up to $1,907 from $1,848 last year, with those who receive the maximum now seeing monthly checks of $4,873.
Medicare
Medicare is another hot button issue right now since politics and electoral shifts can affect Medicare even more than Social Security.&nbsp;
Among the 2024 candidates,8 President Joe Biden has taken steps to address "misleading" Medicare Advantage advertisements and wants to require insurers to be more transparent in communicating benefits to retirees. The White House also announced in August that &ldquo;10 prescription drugs that will be subject to the first-ever Medicare price negotiations,&rdquo; a landmark for the Medicare system.9 Former president Donald Trump has opposed Congressional efforts to his own party to make changes to Medicare. 10 Haley favors expanding add-on packages for Medicare Advantage plans in order to increase competition.&nbsp;&nbsp;&nbsp;&nbsp;
Amid all this, Medicare Part B, which relates mostly to preventative care, premiums and deductibles will be rising around 6% in 2024.11&nbsp;
Retirement Accounts
Further underscoring the importance of elections on retirement accounts, a recent poll found that nearly half of investors believe that the 2024 election will have a bigger impact on their portfolios than general market performance.12 However, wealth management experts are more pragmatic, suggesting that while the election may impact the stock market, &ldquo;economic growth, interest rates and inflation remain more critical factors than election results.&rdquo; 13
Whatever happens, your 401(k) will survive. 14
In the meantime, the IRS has boosted the annual individual contribution limits for 401(k), 403(b), most 457 plans and the government&rsquo;s Thrift Savings Plan by $500, to $23,000, citing the rising cost of living. 15

&nbsp;1<a style="text-decoration: none;" href="https://www.cnbc.com/2023/11/08/these-changes-may-fix-social-security-before-2034-benefit-shortfall.html">https://www.cnbc.com/2023/11/08/these-changes-may-fix-social-security-before-2034-benefit-shortfall.html</a>
2 <a style="text-decoration: none;" href="https://www.pbs.org/newshour/politics/at-3rd-debate-gop-candidates-support-raising-retirement-age">https://www.pbs.org/newshour/politics/at-3rd-debate-gop-candidates-support-raising-retirement-age</a>
3&nbsp;<a style="text-decoration: none;" href="https://finance.yahoo.com/news/these-gop-candidates-want-to-trim-social-security-for-younger-americans-they-disagree-how-130046915.html">https://finance.yahoo.com/news/these-gop-candidates-want-to-trim-social-security-for-younger-americans-they-disagree-how-130046915.html</a>
&nbsp;<a style="text-decoration: none;" href="https://www.cnbc.com/2023/12/07/these-changes-may-help-people-get-bigger-social-security-retirement-checks.html">4 https://www.cnbc.com/2023/12/07/these-changes-may-help-people-get-bigger-social-security-retirement-checks.html</a>
<a style="text-decoration: none;" href="https://www.cnn.com/2023/12/05/politics/nikki-haley-social-security-medicare-reform/index.html">5 https://www.cnn.com/2023/12/05/politics/nikki-haley-social-security-medicare-reform/index.html</a>
6 <a style="text-decoration: none;" href="https://finance.yahoo.com/news/4-social-security-shakeups-biden-185124733.html">https://finance.yahoo.com/news/4-social-security-shakeups-biden-185124733.html</a>
7 <a style="text-decoration: none;" href="https://www.ssa.gov/news/press/releases/2023/#10-2023-2">https://www.ssa.gov/news/press/releases/2023/#10-2023-2</a>
8 <a style="text-decoration: none;" href="https://www.beckersasc.com/asc-coding-billing-and-collections/where-5-presidential-candidates-stand-on-medicare-advantage.html">https://www.beckersasc.com/asc-coding-billing-and-collections/where-5-presidential-candidates-stand-on-medicare-advantage.html</a>
9 <a style="text-decoration: none;" href="https://www.cnbc.com/2023/08/29/medicare-pricing-deal-set-to-play-a-key-role-in-bidens-2024-campaign-pitch.html">https://www.cnbc.com/2023/08/29/medicare-pricing-deal-set-to-play-a-key-role-in-bidens-2024-campaign-pitch.html</a>
10 <a style="text-decoration: none;" href="https://www.reuters.com/world/us/trump-warns-us-house-republicans-not-touch-social-security-medicare-2023-01-20/">https://www.reuters.com/world/us/trump-warns-us-house-republicans-not-touch-social-security-medicare-2023-01-20/</a>
11 <a style="text-decoration: none;" href="https://www.forbes.com/health/medicare/medicare-changes-2024/">https://www.forbes.com/health/medicare/medicare-changes-2024/</a>
&nbsp;12<a style="text-decoration: none;" href="https://www.cnbc.com/2023/11/13/investors-fear-the-2024-elections-may-hurt-retirement-savings.html"> https://www.cnbc.com/2023/11/13/investors-fear-the-2024-elections-may-hurt-retirement-savings.html</a>
13 <a style="text-decoration: none;" href="https://www.usbank.com/investing/financial-perspectives/market-news/how-presidential-elections-affect-the-stock-market.html">https://www.usbank.com/investing/financial-perspectives/market-news/how-presidential-elections-affect-the-stock-market.html</a>
&nbsp;<a style="text-decoration: none;" href="https://www.washingtonpost.com/business/2020/11/02/election-401k-retirement-plan/">14 https://www.washingtonpost.com/business/2020/11/02/election-401k-retirement-plan/</a>
<a style="text-decoration: none;" href="https://thehill.com/homenews/nexstar_media_wire/4288041-irs-announces-changes-to-2024-retirement-contribution-limits/">15 https://thehill.com/homenews/nexstar_media_wire/4288041-irs-announces-changes-to-2024-retirement-contribution-limits/</a>

2024 Election New: Retirement Debrief #1

election-brief-1

At VentureTech 2023, our Silvur CEO Rhian Horgan sat down with Joshua Barclay and Jonathan Taylor to share how Silvur's data is helping credit unions navigate wealth transfer, defend direct deposits and grow their share of the retirement wallet.
Listen to the podcast here --&gt; <a href="https://cdn.buttercms.com/7ZrgIJZaS6qEMxiVUQm0">https://cdn.buttercms.com/7ZrgIJZaS6qEMxiVUQm0</a>
Rhian answered Joshua and Jonathan's question about how data could be used by credit unions to meet their goals in 2024.
<ul>
<li>Why does a credit union care when your members are electing Social Security?&nbsp; Social Security is your members largest retirement asset.&nbsp; When members elect Social Security they switch their Direct Deposit deposit.&nbsp; Credit unions can capture this 20+ year income stream by guiding members through their Social Security Election</li>
<li>Why does knowing a member's retirement date matter?&nbsp; Most credit unions don't hold this data in your core.&nbsp; But this data element is a better predictor of key retirement decisions (consolidating IRAs, switching direct deposit) than date of birth.&nbsp; Knowing this data point helps position the credit union as&nbsp; members consolidate their retirement savings accounts.</li>
<li>Are Boomers rate sensitive? Much less than a younger generation!&nbsp; They want to pursue their retirement dreams and won't wait 10 years. They are still buying boats, rvs and retirement homes.&nbsp; They just may have sized down their expectations to match the current rate environment.</li>
</ul>

VentureTech 15 Min Podcast!

venturetech-2023-podcast

Every year the IRS makes annual adjustments to account for inflation. &nbsp;These adjustments range from tax brackets to IRA contribution limits. &nbsp;This week the IRS announced the updates for 401K and IRA contribution limits and Roth phase outs.
The year 2024 will see an increase in both 401k and IRA contribution limits: The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan will increase to $23,000, up from $22,500. The limit on IRA annual contributions increased to $7,000 from $6,500 in 2023.1
In addition to these increases, the catch-up contribution limit for 401(k), 403(b), most 457 plans, and the federal government&rsquo;s Thrift Savings Plan for employees aged 50 and over, remains at $7,500 for 2024. The catch-up contribution limit for individuals aged 50 and over remains unchanged at $1,000.2&nbsp;
<div align="left">
<table style="width: 350px; height: 237.969px; border-collapse: collapse;" border="1"><colgroup><col style="width: 208px;"><col style="width: 113px;"><col style="width: 302px;"></colgroup>
<tbody>
<tr style="height: 47.5938px;">
<td style="height: 47.5938px;"></td>
<td style="height: 47.5938px; text-align: center;">
2024
</td>
<td style="height: 47.5938px; text-align: center;">
2023
</td>
</tr>
<tr style="height: 47.5938px;">
<td style="height: 47.5938px;">
401(k) Contribution Limit
</td>
<td style="height: 47.5938px; text-align: center;">
$23,000
</td>
<td style="height: 47.5938px; text-align: center;">
$22,500
</td>
</tr>
<tr style="height: 47.5938px;">
<td style="height: 47.5938px;">
401(k) Catch-Up Limit
</td>
<td style="height: 47.5938px; text-align: center;">
$7,500
</td>
<td style="height: 47.5938px; text-align: center;">
$7,500
</td>
</tr>
<tr style="height: 47.5938px;">
<td style="height: 47.5938px;">
IRA Contribution Limit
</td>
<td style="height: 47.5938px; text-align: center;">
$7,000
</td>
<td style="height: 47.5938px; text-align: center;">
$6,500
</td>
</tr>
<tr style="height: 47.5938px;">
<td style="height: 47.5938px;">
IRA Catch-Up Limit
</td>
<td style="height: 47.5938px; text-align: center;">
$1,000
</td>
<td style="height: 47.5938px; text-align: center;">
$1,000
</td>
</tr>
</tbody>
</table>
</div>
Another key change this coming year is a relatively large increase to the Roth phase-out cap: The income phase-out range for taxpayers making contributions to a Roth IRA will increase to $146,000 and $161,000 for single filers and heads of households; up from $138,000 and $153,000. And for married couples filing jointly, the income phase-out range increases to between $230,000 and $240,000, up from $218,000 and $228,000. For married individuals filing separately, who is covered by a workplace plan, their income phase-out remains the same from last year at $0 and $10,000.3
<div align="left">
<table style="width: 375px; border-collapse: collapse; height: 296.75px;" border="1"><colgroup><col><col><col></colgroup>
<tbody>
<tr style="height: 47.5938px;">
<td colspan="3" style="height: 47.5938px;">
Roth IRA Income Phase-Out Range
</td>
</tr>
<tr style="height: 47.5938px;">
<td style="height: 47.5938px;"></td>
<td style="height: 47.5938px; text-align: center;">
2024
</td>
<td style="height: 47.5938px; text-align: center;">
2023
</td>
</tr>
<tr style="height: 67.1875px;">
<td style="height: 67.1875px;">
Singles and Heads of Households Filers
</td>
<td style="height: 67.1875px; text-align: center;">
$146,000 to $161,000
</td>
<td style="height: 67.1875px; text-align: center;">
$138,000 to $153,000
</td>
</tr>
<tr style="height: 67.1875px;">
<td style="height: 67.1875px;">
Married Couples Filing Jointly
</td>
<td style="height: 67.1875px; text-align: center;">
$230,000 to $240,000
</td>
<td style="height: 67.1875px; text-align: center;">
$218,000 to $228,000
</td>
</tr>
<tr style="height: 67.1875px;">
<td style="height: 67.1875px;">
Married Individual Filing Separately&nbsp;
</td>
<td style="height: 67.1875px; text-align: center;">
$0 to $10,000&nbsp;
</td>
<td style="height: 67.1875px; text-align: center;">
$0 to $10,000&nbsp;
</td>
</tr>
</tbody>
</table>
</div>
The Saver&rsquo;s Credit (Retirement Savings Contributions Credit) income limit was increased for all filing groups. Married couples filing jointly increased to $76,500, up from $73,000. Head of household went up from $54,750 in 2023 to $57,375 and married individuals filing separately went up to $38,250 from $36,500.4
What does this mean for retirement planning?
Soon to be retirees should be aware of these new limits for 2024 so they can plan to max out their retirement savings accounts where appropriate. &nbsp;Silvur will also update this data as part of our annual Retirement Score updates
How Silvur can help you in 2024!
Silvur's data platform helps your team identify consumers who are most likely to move assets in the next 3 years so you can grow your share of the retirement wallet. &nbsp;We also flag which consumers are getting ready to retire ensuring you don't lose direct deposit/ PFI status.
<a href="https://share.hsforms.com/1yqu_FlW6ScWT0Hwgd8VV5Qnkiv2" rel="follow noopener" target="_blank">Schedule a demo</a>

<h4>SOURCES</h4>
<ol>
<li>&ldquo;401(k) limit increases to $23,500 for 2024, IRA limit rises to $7,000.&rdquo; IRS.gov, 1 November 2023,&nbsp;<a href="https://www.irs.gov/newsroom/401k-limit-increases-to-23000-for-2024-ira-limit-rises-to-7000">https://www.irs.gov/newsroom/401k-limit-increases-to-23000-for-2024-ira-limit-rises-to-7000</a>. Accessed 1 November 2023.</li>
<li>Ibid.</li>
<li>Ibid.</li>
<li>Ibid.</li>
</ol>

2024 IRS Retirement Updates

2024-irs-retirementupdates

Yesterday the Biden administration and DOL <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2023/10/31/fact-sheet-president-biden-to-announce-new-actions-to-protect-retirement-security-by-cracking-down-on-junk-fees-in-retirement-investment-advice/?utm_medium=email&amp;_hsmi=2&amp;_hsenc=p2ANqtz--cxfgXKUGTZWqukg9X3rvgJT5dQeIgraTbME7-pVd4-h6ZsFP582G5I5zJxXoSD3Ts838MsjEQavXMfHObi-3w1HZUWQ&amp;utm_content=2&amp;utm_source=hs_email" rel="follow noopener" target="_blank">announced</a> the new 'fiduciary rule' proposal which widens both the types of investments and activities governed by the best interest guidelines. The overarching goal of the fiduciary rule is to ensure advisors aren't incentivized by fees when making investment recommendations on retirement accounts. The proposal updates the 1975 fiduciary language which was put in place before the mass adoption of IRAs and before the existence of 401Ks. The administration estimates that fixed annuities alone cost savers $5b in fees in 2023.
In summary the proposed rule changes
<ol>
<li>
Expand coverage of products that must be in savers 'best interest'
The rule proposes that commodities and insurance products (for example fixed annuities) be governed by the federal rules. The proposal would require that BOTH securities and insurance products be in the best interest of the saver.
</li>
<li>
Capture retirement account rollovers
Rollovers were historically exempt from best interest rules but would also be covered. The rollover/ consolidation of retirement accounts is perhaps one of the biggest decisions that consumers make.
</li>
<li>
Extend coverage to advice provided to plan sponsors
Advisors who make recommendations to plan sponsors would be captured by the best interest requirements.
</li>
</ol>
What does this mean for financial institutions and your consumers in 2024?
Our data shows that members using Silvur will move over 50% of their tracked retirement savings in the next 3 years. The most common 'move' is a 401k/ 403b rollover to the consumer's PFI for retirement. Financial institutions have an opportunity to double down on your mission for financial wellness and show consumers that you are here to ensure their hard earned retirement savings fund their retirement.
How Silvur can help you in 2024!
Silvur's data platform helps your team identify consumers who are most likely to move assets in the next 3 years so you can grow your share of the retirement wallet. &nbsp;We also flag which consumers are getting ready to retire ensuring you don't lose direct deposit/ PFI status.
<a href="https://share.hsforms.com/1yqu_FlW6ScWT0Hwgd8VV5Qnkiv2" rel="follow noopener" target="_blank">Schedule a demo</a>

Biden/DOL Announce Fiduciary Rule Proposal

fiduciary-rule-proposal

You're a champion! Announcing the winners of our 2023&nbsp;<a data-entity-type="MINI_COMPANY" data-attribute-index="0" href="https://www.linkedin.com/company/silvur/">Silvur</a>&nbsp;Pickle Baller Invitational. They came, they played... and they conquered!! 🏆 2023 Champion Pickle Baller:&nbsp;Michael Perrin&nbsp;and&nbsp;Rowan Hume&nbsp;of&nbsp;Curql 🏆 Most Athletic Credit Union:&nbsp;Logan Singhisen&nbsp;and&nbsp;Roy Mansch&nbsp;of&nbsp;Credit Union of America 🏆 Best Dressed Credit Union:&nbsp;Meredith Nicholoff&nbsp;and&nbsp;Benjamin Maxim&nbsp;of&nbsp;MSU Federal Credit Union 🏆 Best First Timer:&nbsp;Ron Araujo&nbsp;of&nbsp;Mission Fed Credit Union 🏆 Most In Need of Coaching:&nbsp;Jessica McNier and&nbsp;Brad Bergmooser&nbsp;of&nbsp;Financial Plus Credit Union - Michigan and a special thank you to our friends&nbsp;Edward F. Tierney&nbsp;and&nbsp;Michael Watson&nbsp;of&nbsp;Idaho Central Credit Union,&nbsp;Doug Wright&nbsp;and&nbsp;Ron Araujo&nbsp;of&nbsp;Mission Fed Credit Union,&nbsp;Tim McCoy&nbsp;and&nbsp;Robert McDonald&nbsp;of&nbsp;InTouch Credit Union&nbsp;and&nbsp;Benjamin Maxim&nbsp;and&nbsp;Meredith Nicholoff&nbsp;of&nbsp;MSU Federal Credit Union for your partnership on the court and every day!
<h2>Click Image to Watch Video&nbsp;</h2>
<h4>(or link&nbsp;<a href="https://cdn.buttercms.com/q04LxQgZTKWPhANdFMU7" rel="follow">here</a>)</h4>

<a href="https://cdn.buttercms.com/q04LxQgZTKWPhANdFMU7" title="Silvur Pickle Baller Awards" rel="follow"><img src="https://cdn.buttercms.com/arLkTIlGS128gnKubweg" alt="Pickleball Graphic - Full Color.png"></a>

Silvur Pickle Baller Invitational Awards

silvur-pickle-baller-awards

In appreciation of the spirit, passion, grit and style of everyone who participated in the Silvur Pickle Baller Invitational, we recognize a few folks with some superlatives. Looking forward to next year! 🏆 Best Push Up/Victory Plank: Nick Evans, CURQL
🏆 Best Ready Position: RuthAnn Riggs, Constant&nbsp;
🏆 Best Badminton Player on the Pickleball Court: Ashish Garg, Eltropy
🏆 Most Impressive Stretching Routine: Joseph Gracia, Nickels
🏆 Most Confused About Which Sport We Were Playing: Nick Evens and Jim Ryan, CURQL
🏆 Biggest Air: Kim Pearman-Gillman, Numerica
🏆 Most Athletic Grip (on his beer): Brian Lauer, Messick, Lauer &amp; Smith
🏆 Most Silvur-tongued Commentators: Jonathan Taylor &amp; Joshua Barclay, CU Sol
🏆 Fanciest Footwork: Rowan Hume, CURQL
🏆 Best Pickleball Form: Belinda Caillouet, Looking Glass
🏆 Best Last Minute Add: Chris Otey, CU 2.0
🏆 Best Custom Swag: Team Nymbus
🏆 Best At Keeping His Eye On The Ball: Ben Maxim, MSUFCU
<h2>Click Image to Watch Video&nbsp; (or link&nbsp;<a href="https://cdn.buttercms.com/u5ry0XyORpy9yWWLOil8" rel="follow">here</a>)</h2>
<a href="https://cdn.buttercms.com/u5ry0XyORpy9yWWLOil8" title="Silvur Pickle Baller Awards Part 2!" rel="follow"><img src="https://cdn.buttercms.com/arLkTIlGS128gnKubweg" alt="Pickleball Graphic - Full Color.png"></a>

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