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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…
Seniors Applaud Senate Reversal on Plan to Cut Social Security to Pay for Highway Bill
(Source – www.ncpssm.org) “Dropping the Social Security cuts from the highway bill is the right thing to do for the millions of Americans who expect their Social Security contributions to stay in the program. Using Social Security as Congress’ ATM to…
Senate Decides Social Security Cuts For ‘Fugitives’ Are A Bad Idea
(By – Laura Barron-Lopez and Arthur Delaney, Huffington Post) After mounting pressure from Democrats, Senate Republicans removed a controversial Social Security provision from an unrelated bill to fund construction of the nation’s highways. Right before a key procedural vote on Wednesday night, proponents of the…
5 Things From Annual Check-up for Social Security, Medicare
(By – RICARDO ALONSO-ZALDIVAR and STEPHEN OHLEMACHER, Associated Press) Looking at the big picture, the financial health of Social Security and Medicare doesn’t appear to have worsened. Wednesday’s annual check-up found that Social Security’s retirement trust fund has enough money to…
Hoyer Statement on Social Security and Medicare Trustees Reports
(Source – www.democraticwhip.gov) House Democratic Whip Steny H. Hoyer (MD) released the following statement today after the release of the Social Security and Medicare Boards of Trustees reports: “Today’s Social Security and Medicare Trustees reports offer mixed news. On the one hand, Medicare’s Trustees reaffirm…
Will Social Security be There When You Retire?
(By – Rebekah Barsch, www.northwesternmutual.com) I read something recently that illustrates one of the challenges facing Americans saving for retirement. A 2014 Pew Research survey found that most Americans, including Millennials, Gen Xers and Baby Boomers, lack confidence that they’ll receive their…
What Happens If the Social Security Trust Fund Runs Out in 2O34?
(By – Pat Regnier, (time.com) The trustees of the Social Security system’s finances released their annual report on Wednesday afternoon. They say the combined trust funds that help pay old age and disability benefits are likely to run out by 2034,…
US Social Security and Medicare Trustees Rpt Fact Sheet – Text
(Source – www.marketnews.com) The following is a fact sheet issued by the Social Security and Medicare Trustees along with their annual report Wednesday: FACT SHEET: SOCIAL SECURITY AND MEDICARE TRUSTEES REPORT Today the Social Security and Medicare Boards of Trustees issued…
House GOP, Dems voice strong opposition to Senate highway bill
(By – Peter Schroeder and Mike Lillis, The Hill) (Rep. Xavier Becerra (Calif.), chairman of the House Democratic Caucus) singled out an offset provision that would take money from the Social Security trust fund, arguing that any tweaks to the retirement benefit…