Headlines
Social Security Serves Those Who’ve Served
On November 11, we honor our nation’s veterans for their service to America. What better time than now to tell you – and for you to help spread the word – about the many benefits and wealth of information that…
Federal Budget Deficit Forecast To Surge As Baby Boomers Retire
You might not know it given the uproar over the debt limit and the government shutdown, but the federal deficit has been falling. Fast. So fast, in fact, that some analysts think that lower spending is hurting economic growth. However, the drop…
Can expanding Social Security solve the retirement crisis?
I asked a financial services executive recently how our retirement saving system can be considered a success, considering that all but the highest-income households are approaching retirement with next to nothing saved. His reply: “They don’t have any money while they’re…
Social Security benefits up only 1.5% in ’14
Social Security benefits will rise only 1.5% next year, one of the smallest increases ever in the program’s annual cost-of-living adjustment. The increase is down from the 1.7% increase for 2013. There was no cost-of-living increase at all in 2010 and…
Social Security COLA for 2014 Will be Announced Today
Halloween may come a little early for senior citizens, but hopefully it will be an early Christmas. The Consumer Price Index for September is due to be released today at 8:30 a.m. by the Department of Labor Statistics. It is…
Middle class struggling to save for retirement
As it becomes harder and harder for middle class Americans to meet their monthly financial obligations, funding their retirement is becoming less and less of a priority; a trend that will lead to Americans working longer, which could have widespread…
Congress aiming low in new budget talks, as Reid dismisses entitlement reform as ‘happy talk’
Congressional Democrats and Republicans are setting low expectations about budget talks scheduled to begin next week — with Senate Majority Leader Harry Reid dismissing as ‘happy talk’ any notion of a grand bargain that would include cuts to entitlement programs. The…
After Government Shutdown, Few Discussing Budget Solutions
Something is noticeably absent from congressional candidates’ rampant finger-wagging over this month’s bipartisan deal to extend the nation’s borrowing limit and reopen government: concrete proposals to fundamentally alter the U.S. balance sheet. Blame politics as the chief reason for the lack…
Reid throws cold water on grand-bargain hopes
Senate Majority Leader Harry Reid threw cold water on the slim hopes for a “grand bargain” budget deal, dismissing it as “all happy talk.” “We’re not going to have a grand bargain in the near future,” Reid said in a Nevada public…
Social Security can be reformed, not left to die
One of the biggest lies in today’s political discourse is that Social Security will not be around when today’s young workers are ready to retire. Social Security is known as the “third rail” of politics and for good reason — it…