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Gov. Walker favors partial raise in Social Security age
(Source – whbl.com) Governor Scott Walker says he would favor raising the age to get full Social Security benefits, but not for those close to retirement age. At a forum for GOP White House candidates in New Hampshire Monday night, the 47-year-old…
Seven problems that deserve investors’ attention
(By – HENRY K. HEBELER, www.marketwatch.com) Charles Krauthammer has written an excellent book titled “Things that matter.” I agree with most of his points except the one on the “F word.” That said, perhaps he or someone should follow up with an…
Education, Earnings Inequality, and Future Social Security Benefits: A Microsimulation Analysis
(Source – www.socialsecurity.gov) Social Security benefits are the most widely received source of income among Americans aged 65 or older, and they are the largest source of income for more than half of aged beneficiaries (Social Security Administration [SSA] 2014). In light…
Social Security: How the Family Maximum Can Slash Your Check
(By – Dan Caplinger, via www.msn.com) Social Security is a complicated program, serving not only tens of millions of workers in retirement but also providing millions of spouses, children, and other family members with various types of related benefits. In many…
Some federal retirees could face extra-large jump in Medicare premiums
(By – Eric Yoder, www.washingtonpost.com) Hundreds of thousands of federal retirees could pay higher Medicare premiums in 2016 than most other enrollees will pay due to a combination of low inflation and a quirk in the law. Most of those retired under the Civil…
Don’t blame millennials for their financial woes
(By – Janet Nguyen, www.marketplace.org) Despite attaining higher education levels than previous generations, millennials are earning significantly less money, according to the New York Times — and the future looks bleak. In 2000, 19.5 percent of 18- to 34-year-olds earned a bachelor’s degree,…
How Republicans Should (And Shouldn’t) Talk About Medicare
(By – John C. Goodman, Forbes Contributor) When the Republican presidential candidates meet to debate on Thursday there is one topic that can make them or break them in 2016: Medicare. Almost since the program’s inception, Democrats have accused Republicans of…
How to Save for Retirement at Your First Job
(By – Emily Brandon, money.usnews.com) Saving enough to retire comfortably is significantly easier if you begin to put away money for retirement at your first job. Tucking even a small amount into a 401(k) or IRA gives that money decades to accumulate…
Medicare Part B premiums may increase 52 percent
(By – Dori Zweig, www.fiercehealthpayer.com) Nearly a third of Medicare beneficiaries may face a 52 percent increase in Part B premiums unless the Department of Health and Human Services (HHS) steps in. The projected increase stems from Social Security and Medicare rules, reports…
Surge by Trump, Sanders a sign of voters’ unhappiness with politics as usual
(By – Salena Zito, nypost.com) There is a disturbance in American politics. But no one in the political class seems to be pinpointing the correct source. Donald Trump gets all of the credit for it from journalists, pundits and academics. They could…