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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…
Avoid These Costly Social Security Mistakes
(By – Sandra Block, www.kiplinger.com) Social Security will probably represent a big part of your retirement income. Your benefits will be adjusted annually for inflation and will last as long as you do. But getting the most out of Social Security involves more than…
Expect No Social Security Cost Of Living Increase In 2016
(Source – insurancenewsnet.com) Social Security recipients had better be ready to taste the un-COLA — not the soft drink, but a likely zero Cost of Living Adjustment (COLA) for Social Security benefits in 2016. It would mark only the third time that’s…
Jeb: Need to “Phase Out” Medicare, Move to New System
(By – Jackson Falconer, www.thebradentontimes.com) Former Florida Governor and presidential candidate Jeb Bush says the U.S. needs to “figure out a way to phase out” Medicare, and that the program will leave planned future recipients with nothing if it continues.Speaking at an…
Retirement Plans: What Proposed New Rules Mean
(Source – news.investors.com) Mutual fund industry heavyweights delivered their latest punches in the melee concerning a definition of “fiduciary” when it comes to someone giving investment advice to account owners in retirement plans like 401(k)s and IRAs. Read more… Notice:…
The Hutchins Center Explains: The Medicare Trustees Report
(By – Louise Sheiner and Brendan Mochoruk, Brookings) The trustees of Medicare, four government officials and two private citizens, issue detailed annual reports on the current and projected finances of the Medicare health insurance program for the elderly and disabled. The…
Why it pays to have a “my Social Security” account
(By – STEVE VERNON, www.cbsnews.com) Do you know how much you might eventually receive from Social Security? If the answer is no, you could benefit by setting up a “my Social Security” account with the Social Security Administration (SSA), which is promoting…
Inside the Next Social Security Crisis
(By – Haley Sweetland Edwards, time.com) Why American women are bearing the brunt of the retirement crunch For Anna Rappaport, a 74-year-old actuary who has worked in retirement planning for nearly 40 years, the fact that roughly 1 in 3 baby-boomer women…
Portman Statement on Social Security and Medicare Trustees Reports
(Source – www.portman.senate.gov) U.S. Senator Rob Portman (R-Ohio) released the following statement on the Social Security and Medicare Trustees reports released today showing that the Social Security Disability Insurance Trust Fund will be depleted in 2016 and that the deficits plaguing…