Latest News
Medicare And Medicaid Celebrates 50th Anniversary: What Has Changed?
(By – Ted Ranosa, Tech Times) With national social insurance programs Medicare and Medicaid celebrating their 50th anniversary, the Centers for Medicare & Medicaid Services (CMS) has announced that there are now over 55 million people living in the United States…
More American savers skimp on retirement plans
(By – Tom Anderson, www.cnbc.com) Americans are saving more, just not in their employer-sponsored retirement plans, according to a new analysis by retirement market researcher Hearts & Wallets. Average annual household savings increased almost a full percentage point to 5.5 percent last…
5 retirement assumptions you can’t make anymore
(By – Michelle Buonincontri, Credit.com) We’ve all heard the adage “nothing can be certain, except death and taxes.” This line of thought also applies to retirement, as society and financial markets change. Here are a few assumptions many Americans used to be…
House passes cost of living adjustment for veterans’ benefits
(By – Cristina Marcos, The Hill) The House approved legislation on Tuesday that would increase rates of benefit compensation for veterans with disabilities caused by their military service. Passed 409-0, the measure hikes cost-of-living adjustments for benefits offered through the Department of…
Americans Left $24 Billion in Retirement Money on the Table Last Year
(By – Dan Kadlec, time.com) Personal savings rose last year, as conscientious workers reined in their spending. But a smaller portion of those savings were stashed in employer-sponsored retirement plans, new research shows. This and other recent findings suggest that the much-vaunted…
GAP WIDENS BETWEEN TRUSTEES AND CBO ON SOCIAL SECURITY
(Source – crfb.org) Although the Social Security Trustees estimate the program’s financial outlook has slightly improved relative to last year, the Congressional Budget Office (CBO) takes a different view. As with Medicare, CBO is far more pessimistic about Social Security’s future.…
What Happens If You Fumble In Retirement?
(By – Robert Laura, Forbes Contributor) I remember when I was a junior in high school and playing in the big homecoming football game. The stands were packed and as we entered the fourth quarter I went back to receive a…
Time to Heed Warnings From Medicare and Social Security Trustees
(By – Robert Bixby, www.concordcoalition.org) The message from the Social Security and Medicare trustees last week could not have been more blunt: the two programs’ long-term costs “are not sustainable with currently scheduled financing and will require legislative action to avoid disruptive…
Come up with a strategy to get the most of your Social Security
(By – Janet Kidd Stewart, CHICAGO TRIBUNE) You’ll soon be able to download an electronic version of your Social Security statement, but chances are it won’t enhance your retirement one bit. That’s because you probably won’t change your claiming date based on what…
6 Social Security Withdrawal Strategies Everyone Should Know
(Source – m.nasdaq.com) Life offers a lot of chances for do-overs. Marry the wrong person? File some papers and you’re free to take as many trips down the aisle as your heart desires. Didn’t get the dramatic lift you wanted from…