Headlines
Biz Bits: Writing off Social Security? Not so fast
Social Security has developed a bit of a bad reputation over the past decade, but for the foreseeable future, it is expected to remain a reliable financial resource. If individuals don’t take all income streams into account while planning for…
Barely Getting By: Seniors Struggle With Social Security Adjustments
Not long after Mary Callahan’s 1.5 percent Social Security cost-of-living adjustment went into effect Jan. 1 — netting her $20 more a month — a community newsletter arrived in the mail at her modest Neville Island, Pa., home. Beginning this…
What’s best for younger workers?
Workers at all ages could be better off from smaller Social Security benefits rather than higher payroll taxes, according to a new study from the National Center for Policy Analysis (NCPA). As Congress gears up to debate entitlement spending reform,…
Social Security And You: What Does The Future Hold?
On average, Social Security benefits currently represent approximately 37% of the typical retiree’s income, according to the Social Security Administration.* For future generations of retirees, Social Security may represent a much smaller percentage of retirement income. A System At Risk:…
Taxpayers advised to file early to fight fraud
Income tax season started Friday for individual taxpayers, and while many might not be in a hurry to file their returns, it’s a sure bet that criminals are poised to push the send button and transmit bogus documents. Using the…
Rich or poor, workers win if firms prod them to save
Are you going to be OK in retirement, or will you end up scavenging for food and hoping the lottery will save you from years of saving neglect? Recent criticism of the 401(k) system suggests the dreary life of a…
Food benefits - up close, personal and vital
“This is between me and God,” said the older woman sitting across from me. I will call her Tisa. She was dressed neatly in a coat and hat, and she clutched a plastic bag that contained her Social Security Awards…
Fact Checking the 2014 State of the Union address
A State of the Union address is often difficult to fact-check, no matter who is president. The speech is a product of many hands and is carefully vetted, so major errors of fact are relatively rare. But State of the…
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…