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Midyear Tax Planning For Newlyweds
(By – Dee Lee, boston.cbslocal.com) Those June weddings we talked about last month all have a tax consequence to them. The newlyweds are sending out thank you notes right about now, but there is a bit more paperwork for them. The first thing…
Are Kids Causing A Retirement Crisis?
(By – Andrew Biggs, Forbes Contributor) If you think Americans face a retirement crisis, you also think kids are what’s causing it. There’s a policy debate over how well-prepared Americans are for retirement. Some analysts see a modest and manageable problem with…
Obama’s Soothing – And Toxic – Opiate About Entitlements
(Source – news.investors.com) Delusions: President Obama assured an audience of seniors Monday that there is “no crisis” in Social Security and Medicare, and that the cash will always be there. Call it the opiate of the Democrats. Just don’t call it…
Scott Walker: Those Born After 1967 Are ‘Ready for Reform’ on Social Security, Medicare
(By – David Brody) Before Wisconsin Gov. Scott Walker became an official candidate for president, he told reporters that he would give detailed plans on entitlement reform once he started his official run. While we wait for that speech, Walker did…
Coats Introduces Bill To Deny Social Security Benefits To Fugitives
(Source – www.wfyi.org) Republican Sen. Dan Coats, chairman of the Joint Economic Committee and a member of the Senate Finance Committee, has introduced legislation that would prohibit individuals with outstanding arrest warrants for a felony or parole violation from receiving Social…
What you need to know about preparing for retirement
(Source – www.wdbj7.com) A financially secure retirement requires a lot more planning than simply taking social security benefits. WDBJ7 sat down with Caleb Mann, a financial adviser and agent with Farmers Insurance. Here are some frequently asked questions Mann gets: Read more… …
Taxable Social Security Benefits: How Big a Tax Hit Will You Take?
(By – Dan Caplinger) Social Security benefits are an essential part of how retirees make ends meet, but one thing that shocks many Americans is that under certain circumstances, the payments they receive can be taxable income that they have…
Two Million Voices Ring Out for Social Security Expansion–And That’s Just the Beginning!
(By – Terry O’Neill, via www.huffingtonpost.com) Yesterday I stood in front of the White House along with Rep. John Conyers (D-MI), leaders of the Economic Policy Institute, MoveOn, Democracy for America and other allies to deliver a petition signed by over 2…
Here’s What You Can Really Expect from Social Security
(By – Philip Moeller, via time.com) Social Security turns 80 next month and, as always, one of big unknowns for this octogenarian program is how much longer it will be around—at least in its present form. Read more… Notice: The…
The problem with quick and easy Social Security calculators
(By – LAURENCE KOTLIKOFF , via pbs.org) Boston University economist Larry Kotlikoff has spent every week, for over two years, answering questions about what is likely your largest financial asset—your Social Security benefits. His Social Security original 34 “secrets”, his additional secrets,…