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Benefits must expand for no-pension generation
(By – Scott Burns, www.dentonrc.com) The Social Security Trustees released their new report last Wednesday. Hours later, Huffington Post writer Nancy Altman made a declaration. The “2015 Trustees Report Confirms That Expanding Social Security Is Fully Affordable.” Ms. Altman is co-founder of…
Congressman’s view: Social Security and Medicare: Earned benefits we need to protect
(By – U.S. Rep. Rick Nolan) As America celebrates the 80th anniversary of Social Security and the 50th anniversary of Medicare, we need to remind ourselves of the great benefits that have flowed from these two enormously successful programs. And as…
Can you afford to live to 100?
(By – Sharon Epperson, CNBC) Living into your 80s, 90s, or even longer can have a significant impact on your retirement planning and savings. To make sure your money lasts as long as you do, many financial advisors say it is important to…
700,000 U.S. Seniors Owe $18 Billion in Student Debt; Fed Taps Retirees’ Social Security Checks
(Source – www.allgov.com) Hundreds of thousands of seniors are having their already-small Social Security checks reduced because they owe money on student loans. Among the 41 million people making student loan payments, there are 706,000 households headed by someone 65 or older…
A retirement storm is coming. Are you prepared?
(By – Michelle Singletary, www.washingtonpost.com) As with a Category 5 hurricane, Americans are in for catastrophe if we fail to address the looming retirement crisis. Retirement planning cannot be shoved down on your to-do list. If you’re in your 20s, start thinking about it now,…
Social Security is based on sound principles
(By – William L. Holahan and Charles O. Kroncke, www.placead.tampabay.com) In announcing his presidential candidacy, New Jersey Gov. Chris Christie had some strong criticism of the Social Security program, especially its solvency. He claims that those who defend the system are…
How to plug Social Security tax drain and keep more money
(By – Russ Wiles, The Arizona Republic) Deciding when to start taking Social Security benefits depends on many factors, including how long you expect to live and the amount of financial resources at your disposal. Income taxes and withdrawals from other retirement…
Money Matters: Several options available for spouse inheriting an IRA
(By – HOLLY NICHOLSON, www.newsobserver.com) Last week’s column concerning the options available to a non-spouse beneficiary when inheriting an IRA prompted questions about options a spouse has when inheriting an IRA. There was also some confusion concerning the five-year rule and…
What has the 114th Congress accomplished so far and what comes next?
(By – AMANDA OTA , kutv.com) What has the 114th Congress accomplished? “Thus far they’ve had a few accomplishments, but not very many,” Congressman Lee H. Hamilton, the Director of The Center on Congress at Indiana University said. Joshua Huder, a Senior Fellow…
Medicare at 50: Looking back, and looking forward
(By – Greg Sargent, www.washingtonpost.com) Fifty years ago this week, Lyndon Johnson signed into law Medicare, the first truly ambitious realization of the long-harbored liberal goal of securing a role for the federal government in providing health care to the poor and…