Headlines
The Richer You Are the Older You’ll Get
Money may not buy love, but it appears to buy years. Economist Barry Bosworth at the Brookings Institution crunched the numbers and found that the richer you are, the longer you’ll live. And it’s a gap that is widening, particularly among women. This data is…
An Analysis of the President’s 2015 Budget
This report by CBO presents an analysis of the proposals in the President’s budget request for fiscal year 2015, as submitted to the Congress on March 4, 2014. The analysis is based on CBO’s economic projections and estimating models (rather…
Medicare release and DATA Act signal major events in the age of data transparency
On April 10, 2014 I talked about a data revolution at a World Bank event in Washington, D.C. and listened to the thoughts of others about the subject. In his remarks, Dr. Jim Yong Kim, president of the World Bank Group, emphasized…
Social Security Chief: Women Live Longer, So They Should Save Early
The Social Security Administration distributes retirement benefits to nearly 60 million Americans. And of those beneficiaries, nearly 60 percent are women. The SSA is led by a woman, too. Carolyn Colvin was once retired herself, collecting benefits from the agency she…
What No One Wants to Admit About Social Security Taxes
It’s a bummer when you see how much income tax comes out of your paycheck. But when you see that Social Security line item, do you think, “At least that’s going to pay for my retirement”? It’s not. The tax money you’re…
Two Leading Senior Groups Join Together
The conservative voice of America’s senior citizens “has just gotten a little louder,” according to Dan Weber, president of the Association of Mature American Citizens (AMAC), and Michael Young, founder of Generation America, who issued a joint announcement today on…
Be wary of potential scams as tax deadline approaches
With the deadline to file income taxes quickly approaching, there’s a lot more to worry about besides just getting receipts in order. Last year, about two million people discovered someone else used their name and Social Security number to file a…
Johnson, Warner Introduce Social Security Data Integrity Bill
Sen. Ron Johnson of Wisconsin and Sen. Mark Warner of Virginia introduced a bill Thursday to permit the Internal Revenue Service (IRS) to alert taxpayers that they have been victims of identity theft. The bill, the Social Security Identity Defense Act…
9 quick facts from Social Security Commiss. Colvin; some you probably didn’t know
AL.com met this morning with Carolyn Colvin, commissioner of the Social Security Administration, who was in town visiting staff at Alabama’s local processing service centers. During the hour-long meeting, she shared some basic facts and statistics about Social Security that you…
More people are delaying Social Security benefits
It looks like people are now paying attention to the plethora of advice retirement analysts and writers — including me — have been offering about delaying Social Security benefits as a means of improving retirement security. The Social Security Administration’s Annual…