Headlines
Statistics on an Aging America
The average life span in America is increasing and bringing with it increased costs in areas such as health care. Baby Boomers are reaching retirement age at a rapid rate and will continue to for the next few decades. Costs…
Social Security Not Just for Seniors
Social Security has taken on the mantle of a retirement assurance program when in reality it has many more benefits ranging through all ages. Many children, 9% of all kids, rely on Social Security. This is because they are dependents…
This Year’s Trustee Report
The 2016 Social Security Trustee Report was just released recently and details many important points concerning Social Security and it’s near future. According to the report there is enough money currently in the trust fund as well as coming in…
Candidates and Their Impact on Retirees
This election is all about the Baby Boomers. Boomers are retiring at a huge rate and are becoming concerned about their financial future. Social Security is a big issue because of this in this election season. Boomers are paying close…
On Expanding Social Security
There has been a lot of talk about fixing Social Security recently. Proposals range widely in their implementation from expanding benefits to tightening and everything in between. Expanding benefits has been gaining steam in the wake of the reports showing…
10 Essential Facts About Medicare and Prescription Drug Spending
(The Henry J. Kaiser Family Foundation, July 7, 2016) Prescription drugs play an important role in medical care for 57 million seniors and people with disabilities, and account for $1 out of every $6 in Medicare spending. The majority of…
Reviewing Your Social Security Information
The Social Security Administration is becoming more modern and starting a paperless form of their Social Security Statements. These statements are mailed out each month and hold information such as how much you receive, how much you have paid in…
Preparing for a Financially Stable Retirement
More and more focus is being put on retirement planning and saving in recent years. Social Security is facing stability and solvency problems in the near future and company-supported pensions are becoming rarer and rarer. This leaves workers personally responsible…
A Proposal to Cut Benefits
A new report from the Bipartisan Policy Center suggests that cutting benefits in favor of private savings could be the right “fix” for Social Security. At first this seems like the opposite that everyone would want. This plan would promote…
Federal funding levels for Medicare counseling services may remain intact
According to a post by Richard Craver of the Winston-Salem Journal, proposals are in play to retain federal funding levels for “free local counseling on annual Medicare options” for the coming fiscal year. U.S. House Appropriations Committee’s draft bill including funding recommendations…