Headlines
Staggering’ crisis looms in retirement income, senators learn
Responding to senators warning about a “staggering” crisis in retirement savings, a Washington University professor suggested Thursday four reforms to mitigate an over-dependence on Social Security for many retirees. Testifying Thursday before a Senate Special Committee on Aging, Michal Grinstein-Weiss, an…
Social Security fund is currently borrowing 33 cents of every dollar in outlays
Lawmakers joined with the Association of Mature American Citizens last week at a Social Security Working Group meeting intended “to light a fire” in Congress on the issue, according to association president Dan Weber. “On its current financial track, Social Security…
8 Threats for Retirement Accounts …
While supporters of President Obama’s 2016 Fiscal Budget say the budget will make it easier to save for retirement, the proposal is giving mixed messages when it comes to retirement planning. I have identified eight budget provisions that would have a…
Report: Rural Hospitals Get Billions in Extra Medicare Funds
A law that allows rural hospitals to bill Medicare for rehabilitation services for seniors at higher rates than nursing homes and other facilities has led to billions of dollars in extra government spending, federal investigators say. Most patients could have been moved…
Poll: Americans more upbeat about retirement
Whether the U.S. is facing a retirement crisis isn’t a matter of debate for the majority of Americans. A new poll shows that 86 percent of people agree that it’s a crisis.And it’s hardly just those approaching retirement who see…
Your final four from Social Security
Since 1939, March has meant one thing in the world of sports: March Madness. In this tournament, 68 college basketball teams compete through the month until the final four teams remain. Coaches gather their teams to drive home the gravity…
Saving Social Security Disability Insurance: … Holistic Social Security Reform
Jason J. Fichtner, Jason S. Seligman The Social Security Disability Insurance (DI) program is running short of money. Under current projections, its trust fund will be exhausted by the end of 2016, causing an automatic benefit reduction of about 20…
AMAC ‘Lights a Fire’ in Congress to Deal with Social Security Issues
‘On its current financial track, Social Security is not sustainable’ WASHINGTON, DC, Mar 6 – Lawmakers joined with the Association of Mature American Citizens this week at a Social Security Working Group meeting intended “to light a fire” in Congress…
RI Senator Wants to Exempt Social Security from State Income Tax
A Rhode Island State Senator has filed legislation, that would exempt Social Security income from the state’s personal income tax. The bill filed by Sen. Paul Fogarty, D – Burrillville, would also exempt $25,000 of income received from public and private…
AMAC Hosts Social Security Roundtable in Washington
Today, beginning at 9:30 am in the Congressional Meeting Room North, Capitol Visitor Center in Washington, the Association of Mature Americans (AMAC) is hosting a discussion to evaluate viable solutions to save and strengthen Social Security. AMAC Founder and CEO Dan…