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Once again, time to ‘save’ Social Security
(By – James Hamill, www.abqjournal.com) In 1983, Congress saved Social Security. In 1993, Congress saved Social Security. Is this a typo? No. Rest assured that, whenever Social Security needs saving, Congress will be there for it. Social Security is one of the “Big Three”…
Post-recession spike in disability claims winds down
(By – CHAD HALCOM, www.crainsdetroit.com) Bad luck can be good business for attorneys and advocate groups who help the disabled get benefits from the federal Social Security Administration — but local experts say the post-recession spike in claims is winding down. The number…
Baby boomers look to new strategies in saving for retirement
(By – Barbara Peters-Smith, www.heraldtribune.com) If you’re within a decade or so of your target retirement date, and you haven’t socked away anything like the million-dollar reserve that financial planners like to cite as a “comfortable” goal for a married couple,…
Colleges face growing costs from ‘reluctant retirees’
(By – Jeff Charis-Carlson, www.desmoinesregister.com) Having worked 35 years at the University of Iowa, Betsy Altmaier was absolutely “ready for a new environment” on May 15, her last day as a professor. With changes on the horizon in her field and college, Altmaier…
401(k) Or Roth IRA: Which Is Best?
(By – Larry Light, Forbes Contributor) Most Gen Yers don’t know what types of retirement accounts to start with. I break down the pros and cons of two most popular ones – 401(k) and the Roth individual retirement account –…
Ways and Means Committee Aims to Develop a “Hospital” Bill
(Source – www.hanys.org) The House Ways and Means Subcommittee on Health is holding a series of hearings to examine a range of hospital payment issues with the goal of producing a broad hospital bill later this year. Yesterday, they held a…
10 Things You Need to Know About Social Security
(By S.Z. Berg, www.dailyfinance.com) Anxiety that Social Security benefits won’t be available in retirement has inspired plenty of fear among American consumers. Amid the gloom, there is cause for slight optimism: the combined asset reserves of the Old-Age and Survivors Insurance…
The History of Social Security: How Many Times Have Benefits Been Reduced?
(By – Tia M. Lee) This week is the 2nd National my Social Security Week and it provides the perfect opportunity to take a historical look at Social Security. Social Security claiming mistakes are often made due to fear the program…
5 Facts About Social Security’s Finances
(By Emily Brandon, money.usnews.com) Social Security’s annual checkup found significant problems with the finances of the disability insurance program, which only has enough revenue to pay out promised benefits until the fourth quarter of 2016. The annual report of the Board…
7 Surprising Facts About Social Security
(By – Nilus Mattive) According to the Pew Research Center, about 10,000 baby boomers turn 65 every single day. And, amazingly, that will continue for the next 15 years! Practically speaking, this means millions upon millions of Americans are facing a critical…