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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…
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…