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The Alternate Plan: Texas counties pioneer Social Security reform
(Source – Arizona Freedom Alliance) Social Security reform provides a fertile battleground of contention as the administration of President George W. Bush learned with its 2005 effort. Since then, Democrats have offered no reforms to ensure the program’s sustainability while Republicans,…
As Boomers Age, Health Insurers Look To Adjust
(By – MATTHEW STURDEVANT, www.ctnow.com) Baby boomers appear poised to leave their mark on yet another institution — the insurance industry — as they age into Medicare eligibility. The roughly 75 million boomers born between 1946 and 1964 are driving demand for Medicare…
Social Security Tax: The 2 Ways You Pay
(By – Dan Caplinger) Americans hate taxes, and having to pay tax on your earnings is a bitter pill for most taxpayers to swallow. Yet if there’s anything worse than paying taxes, it’s paying them twice. Unfortunately, when it comes…
How to get the most out of your Social Security benefits
(Source – www.tampabay.com) One of the most important financial decisions that many of us have to make is when to begin taking Social Security retirement benefits. I’m going to oversimplify — it’s the only way to deal with Social Security without bogging…
The Same-Sex Marriage Decision: What’s at Stake for Couples
(By – TARA SIEGEL BERNARD, www.nytimes.com) If the Supreme Court legalizes same-sex marriagenationwide, married gay couples will gain all the financial and legal rights and responsibilities of being married, regardless of which state they call home. The highest court’s landmark decision in…
Saving a million for retirement
(By – Heidi Foster – www.rgj.com) The concept of retiring with over a million dollars in a retirement account is a goal for many people. Having financial goals and discipline is part of what it takes to save over a million in…
Social Security Fraud: The Mind-Numbing Reason the SSA Is Being Cheated Out of Billions
(By – Sean Williams) As of Nov. 2014, there were 59 million beneficiaries receiving monthly benefits checks, of which nearly 42 million were retired workers, more than 6 million were survivors of deceased workers, and close to 11 million were disabled…
Financial Wellness and Millennials: Hard Times Yield Important Lessons
(By – Kent E. Allison, Huffington Post) We all know by now that millennials are different. Not different in a bad way, just different. So it is no surprise that when it comes to managing their personal finances, millennials are taking…
Myths and facts about Social Security
(By – Sandra Hudson, www.eastvalleytribune.com) Myth: Social Security will provide most of the income you need in retirement. Fact: It’s likely that Social Security will provide a smaller portion of retirement income than you expect. There’s no doubt about it — Social Security…
Half of Americans close to retirement haven’t saved for it
(By – Lane Anderson, Moneywise) As baby boomers roll toward retirement, half of them don’t have retirement savings, according to a new report from the U.S. Government Accountability Office. Fifty-two percent of households 55 and older haven’t saved a dollar for…