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What’s your biggest financial concern?
El Segundo, Calif.-based financial education service Financial Finesse recently published the results of an extensive study of American employees, and surprise, surprise: “Not Saving Enough for Retirement” tops the list of issues that cause respondents to lose sleep. Read the report here……
More news on 2017 COLA projections
CNBC weighs-in on the projections for 2017’s Social Security Cost of Living Adjustment, reporting on Board of Trustees’ suggestion that an adjustiment of somewhere between zero and seven tenths of a percent appear likely. Read more… Notice: The link…
Medicare Prepares To Go Forward With New Hospital Quality Ratings
(By Jordan Rau for Kaiser Health News) Despite objections from Congress and the hospital industry, the Obama administration said it will soon publish star ratings summing up the quality of 3,662 hospitals. Nearly half will be rated as average, and…
What do your really get out of “retirement calculators”?
Given the variability in input requirements, and the corresponding use of embedded assumptions, it’s likely that the use of automated retirement calculators will only produce a wake-up call rather than a reliable financial roadmap, according to an article posted at www.wsj.com…
Estimating Your Retirement Costs
Planning for retirement is not an easy task. There is a plethora of information out there meant to help with this, but it can become overwhelming. Many times the information you find can be good advice but it does not…
Slim Chance for Benefit Increase in 2017
As of right now we are on track to receive no benefit increases for Social Security next year. The most recent reports show that there is a projection for a 0.7% to 0% increase. This is because of the way…
Older voters represent an unknown in the 2016 election
Given the obscurity that has surrounded the candidates’ positions on Social Security and Medicare, it’s difficult to predict what impact older voters will have on the November outcome. Next Avenue Blogger Chris Farrell has taken a detailed look at the…
Comparing Earnings Across Generations
Millennials are currently expected to have lower life time earnings than their parents. This would make them the first generation to do so. The recent recession plays a role in this in reducing the overall earnings for everyone involved. On…
Study: Medicare Beneficiaries May Face ‘Treatment Gap’ For Painkiller Abuse, Misuse
(By Carmen Heredia Rodriguez for Kaiser Health News) When most people think of the victims of the nation’s opioid abuse epidemic, they seldom picture members of the Medicare set. But a research letter published Wednesday in JAMA Psychiatry found Medicare…
U.S. Chamber of Commerce Weighs-In on Social Security Reform
Comments from Bruce Josten, the Chamber’s executive vice president for government affairs, indicate support for legislation to address the future of Social Security that could lead to higher taxes as a way to achieving solvency. Read more… Notice: The link provided…