Headlines
Democrats and Republicans Differ on Top Priorities for Gov’t
American politics over the last decade has become notoriously polarized, with congressional Republicans and Democrats disagreeing on the best way to address healthcare, immigration, taxes, and a host of other issues. But supporters of both parties do agree that the…
President called on to Include Solvency in State of the Union Address
As the nation takes measure of President Obama’s State of the Union address tonight (9 p.m. EST), the American Academy of Actuaries calls on the President and Congress to commit to addressing the long-delayed and often-ignored issues of financial security…
AMAC: ‘We want a Social Security Guarantee’
Washington, DC – More Americans are reaching age 100 than ever before and that’s all the more reason for a renewed focus on Social Security, according to seniors advocate Dan Weber. “These days one in 6,000 of us make it…
Curb on seniors’ drugs protested
New rules proposed by the Obama administration to limit the array of antidepressants and other prescription drugs currently available to millions of seniors have set off an intense round of lobbying by patient advocates clamoring to preserve access and by…
Don’t Count Out Aging Workers
If you lose your job in middle age or later, you may suddenly find yourself in dire straits. When the pink slip comes, it does not matter how many years you have put in or how dedicated you might be…
Lower Medicare Costs Linked to Continuous Coverage
A report from the Government Accountability Office finds that Medicare beneficiaries who were insured for at least six years before joining Medicare are healthier and cost the program less than beneficiaries who are new to healthcare insurance. This is good news. Read more……
Social Security Trust Fund: Fig Leaf For New Retirees
Here’s a dose of reality for workers turning 62 and thinking about claiming Social Security: Under current law, they can expect to lose one year’s worth of benefits. Even worse, the loss of benefits would come after age 80, as health…
Medicare’s Long-Term Fiscal Outlook Not Good
Medicare’s long-term fiscal outlook is unlikely to improve, even with the recent slowdown in health care costs, says Charles Blahous, a senior research fellow at the Mercatus Center, a research fellow for the Hoover Institution, and a public trustee for…
Study: Overconfidence Or Underconfidence Breeds Danger For Retirement Planning
A new study by the National Association of Retirement Plan Participants (Narpp) said there are dangers for workers being overconfident or underconfident about their financial knowledge. After surveying 5,000 defined-contribution-plan participants on their perceived financial literacy and testing them to find…
Millions of Baby Boomers choose work over retirement
‘Baby boomers’ are changing the way they live the latter part of their lives. Instead of retiring, they are starting a new career. More than 9 million ‘baby boomers’ between ages 64 and 70 are currently in the so-called ‘encore stage’…