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IRS Bumps Up Retirement Fund Contribution Limits  — Time

Good news: The IRS has bumped up retirement account contribution limits for 2015 to reflect cost-of-living increases. So if you’ve been wanting to sock away more in your tax-advantaged accounts, next year is your opportunity. Today’s announcement raises the annual contribution limit for…

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Changes Coming to Social Security Benefits Next Year  — US Finance Post

Many changes are coming to Social Security benefits in 2015 that will give retirees larger checks and benefit statements for some workers, according to US News. Next year, Social Security recipients will receive 1.7% larger checks due to a cost-of-living adjustment. This will result in…

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Social Security benefits will increase by 1.7%  — CNBC

Monthly benefits for nearly 64 million Americans will increase 1.7 percent in 2015, the Social Security Administration announced Wednesday. That translates to an increase of roughly $20 a month for the typical SocialSecurity recipient. The 1.7 percent cost-of-living adjustment (COLA) will begin…

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SSDI Reform: Promoting Gainful Employment while Preserving Economic Security  — Cato Institute

The Social Security Disability Insurance (SSDI) program faces imminent insolvency. Annual expenditures totaled $143 billion in 2013, but program receipts amounted to $111 billion—a shortfall that is projected to continue indefinitely. According to the Social Security Trustees, the program’s trust…

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ObamaCare — Why, sure, it’s ‘paid for’  — The Hill

Republican Senate Budget Committee analysts reported last week that the Patient Protection and Affordable Care Act (ACA) — a.k.a. ObamaCare — would increase the federal deficit by $131 billion over the period from 2015 to 2024. Drew Hammill, a senior aide…

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Quote of the Day View All Quotes »

Herman Cain, American author, syndicated columnist & radio host

“America needs accurate information in order to consider Social Security reform. Too bad the media can’t be counted upon to provide it.”

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“I completed my retirement application online and it was easy. Are these applications reviewed by anyone at Social Security?”

Answer: Yes. Just over half of all national Social Security retirement applications are completed online. More than retirement applications can be completed online. For example, people applying only for Medicare or for disability benefits can file online too. Social Security representatives…

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