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Are Baby Boomers too optimistic about retirement?
(By – Anne Fisher, fortune.com) If you’re a Baby Boomer within sight of age 65, you’re probably thinking about your next move—and it may well be a career change instead of a traditional kick-back-and-relax retirement. Among 1,005 Boomers who haven’t yet left…
Chris Christie And Mike Huckabee Exchange Blows On Social Security
(By – Daniel Marans, via www.msn.com) A question about Social Security during Thursday’s GOP debate sparked an extended debate between Gov. Chris Christie (R-N.J.) and former Arkansas Gov. Mike Huckabee about the country’s largest social insurance program. It has appeared as an…
Will Fixing Social Security Hurt Your Retirement?
(By – Casey Dowd, www.foxbusiness.com) The Old-Age and Survivors insurance (OASI) and the Disability Insurance (DI) together make up what is known as the Social Security Trust Funds. Our Social Security retirement benefits are paid from the OASI Trust Fund, while benefits…
Top 10 Reasons Why Women Love Social Security, Medicare and Medicaid
(By – Rep. Jan Schakowsky) This year marks the 50th anniversaries of Medicare and Medicaid and the 80th anniversary of Social Security. Fifty-seven percent of people on Medicare, 70 percent of adults on Medicaid and 56 percent of Social Security recipients…
There’s a glimmer of hope that the retirement system isn’t broken for good
(Source – www.marketwatch.com) When Ed Beltram took early retirement in 2001 from what was then Lucent Technologies, he seemed to be in good financial shape. The native Sooner and Oklahoma University grad had worked in communications for Lucent and its predecessor, Western…
Presidential candidates can’t ignore Social Security
(By – Mary Beth Franklin, www.crainswealth.com) The clock is ticking for the Social Security Disability Insurance Trust Fund. Unless Congress intervenes, the trust fund will run dry in late 2016 — just about the time Americans will be electing a new president. Without…
Retirees Face Double Social Security-Medicare Whammy Next Year
(By – MARK MILLER, REUTERS) Retirees are facing a double whammy next year: no inflation adjustment in their Social Security benefits and a whopping 52 percent jump in certain Medicare premiums. The Medicare premium hikes will hit only 30 percent of…
Pressures on Social Security Projected
(Source – www.fedweek.com) Changing demographics and extended life expectancies will put pressure on Social Security finances beyond what has been previously projected, a Congressional Budget Office report has said. The report provides updated figures on often-reported trends but carries a new warning…
Social Security Disability Program to Add Judges, but Hearing Backlog Unlikely to Improve in Near Future, Allsup Reports
(Source – www.prweb.com) The growing hearing backlog in the Social Security Disability Insurance (SSDI) program should see some needed relief with the Social Security Administration’s plans to hire approximately 250 administrative law judges (ALJs) this year, according to Allsup, which has…
7 Ways to Deal With Financial Anxiety Before Retirement
(By – David Ning, money.usnews.com) If you started saving as soon as you got out of college, had a stable job throughout your career and lived below your means all your life, you have likely amassed more than enough to live…