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How the Budget Bill Affects You
The recent federal budget bill put in to place some pretty big changes to how people are thinking of their retirements. With all the talk about changes, you might have missed the fact that there will be no changes for…
Forbes: The Cost of Health Now Over $4.9 trillion
Using an expanded approach to assessing the magnitude of health-related spending, Forbes Contributor Chris Conover pegs the overall tab at nearly $5 trillion, compared to the much lower ($3 trillion) projection set forth by the Ceners for Medicare and Medicaid Services…
Changes to COB Income Replacement Rates Anaylzed
Andrew Biggs, resident scholar at the American Enterprise Institute (AEI), takes a look at the Congressional Budget Office’s revised Income Replacement Rates–the amount of pre-retirement income provided by Social Security–and offers commentary on the impact on arguments for expanding Social Security.…
Bush Advocates Increase in Retirement Age for Social Security
In a campaign sweep through Florida, presidential candidate Jeb Bush covered a variety of popular issues, including his views on Social Security solvency. Part of the solution, he suggests, is to increase the retirement age by one month each year starting…
Reactions to IRS Proposal for Charitable Organizations’ Data Collection Continue to Pile Up
Concerns regarding the most recent IRS proposal to enable–in fact, to encourage– non-profits to collect Social Security numbers from contributors continues to build, as noted in an article posted today on www.thefiscaltimes.com by Eric Pianin. The potential for donor pull-backs and the…
Reasons for Working in Retirement
More than 4 million people over the age of 65 are staying in the workforce, according to the U.S. Bureau of Labor Statistics. Many of them need to work to supplement their living expenses, but others prefer it in order…
Getting the Most Out of Social Security
Sure, it’s a government-controlled program, but you need to know there are several key factors affecting your eventual payout from Social Security that are within your control. Some are obvious, like earning more and working longer, but some are a bit…
Social Security and the Impact on Poverty
With the Center on Budget and Policy Priorities projecting that the percentage of seniors falling below the poverty line in 20914 would have been four times higher without Social Security, the impending depletion of trust funds in the years ahead causes…
The New Retirement Model – Continue Working
Workers entering the phase of life when their predecessors typically slipped into retirement are finding that things have changed. With insufficient savings, and with the traditional financial picture changed as a result of lower home values, the model looks like…
Preparing for Social Security Changes
Much has been written in the past few month about the coming changes in Social Security and how to set a strategy to avoid problems. In this article, posted on kxan.com, Anchor/Investigative Reporter Erin Cargile covers some thoughts from a representative of Powell…