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Social Security Recipients Losing Ground to Inflation
A recent survey conducted by The Senior Citizens League concluded that, since 2000, seniors have lost a substantial portion of the buying power afforded to them through cost of living (COLA) increases. Specifically, the survey reports that while COLA adjustments…
Social Security Administration and OIG Step Up Fraud Prevention Efforts
Anti-fraud activities got a boost this week with the opening of five new Cooperative Disability Investigations (CDI) Units across the country, bringing the total number of units to 36 nation-wide. The CDI Units work with local law enforcement agencies to analyze…
Salvaging Social Security’s Disability Income Fund From Within
Fixing Social Security’s Disability Income financial dilemma requires more than accounting changes, according to an article by Sen. Tom Cotton and Sen. Joe Manchin posted today on foxnews.com. What’s really needed is increased emphasis on getting disability recipients back to work through…
Life Expectancy’s Correlation to Income
Life expectancy has been increasing in skewed proportions depending on a persons income class. Upper and upper-middle class saw significantly more gains in life expectancy over lower classes. This is true across both genders. This raises a number of questions…
Substantial Waste Cited in U.S. Health Care System
In an article titled “Not Much to Show for Nation’s High Cost of Care” posted on www.medpagetoday.com, Caroline Poplin MD, JD, former staff internist for the National Naval Medical Center currently practicing medicine part-time at the Arlington Free Clinic in Virginia, outlines some…
Some “unfair” aspects of Social Security
It’s a great program, and many people feel that way. But Social Security does have, by design, some aspects that are viewed as unfair in some quarters. The double-taxation issue, for example is viewed by many as a flaw, as…
The “Golden Age” of Defined Contribution Pensions is Fading, But It’s Not That Bad
The retirement savings picture in this country is described in many media accounts as being in crisis, but not everyone agrees with that. Paul Schott Stevens, president and CEO of the Investment Company Institute, is one who believes that Americans are well ahead…
The Implications of Multiemployer Pension Plan Cuts
Roughly 10 million participants in multiemployer pension plans are keeping a watchful eye on potential actions by the Treasury Department that could pave the way for cuts in what they once thought of as guaranteed retirement benefits. What’s under consideration is…
Generational Fears – Difference in Values
Each generation struggles with its own problems, whether they are financial, career oriented, or investing. Millennials struggle with student debt and job prospects, problems that compound upon themselves. Generation X holds the most fear in losing their job and worrying…
Seasonal Residents Turning Permanent
“Snowbirds” are a common site in many southern states in the fall and winter months as seniors migrate to the warmer weather and away from the frigid conditions of the north. More and more of these seasonal residents are starting…