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Why Nobel economists say Christie’s 2016 economic plan is not much of a plan
(By – Claude Brodesser-Akner | NJ Advance Media for NJ.com) Two Nobel prize-winning economists have weighed in on Gov. Chris Christie’s proposals to reform the federal tax code and save Social Security, but said his revenue plan is missing crucial…
HOW SOCIAL SECURITY PAYS YOU TO WORK FOREVER
(By – Laurence Kotlikoff) I just turned 62, but feel 42 and, according to my kids, I act like I’m 12. I have a great job, perhaps the best job in the world. I’m an economics professor and get to…
How the New-Model 401(k) Can Help Boost Your Retirement Savings
(By – Dan Kadlec, Time.com) If you want evidence that the 401(k) plan has been a failed experiment, consider how they’re starting to resemble the traditional pensions they’ve largely replaced. Plan by plan, employers are moving away from the do-it-yourself free-for-all of…
Italy, Germany offer glimpse into elder care in grayer U.S., survey shows
(By – Fredrick Kunkle, The Washington Post) A new survey on aging in Germany, Italy and the United States found that families in all three countries are likely to shoulder the burden of care for aging relatives, despite strikingly different attitudes…
3 Little-Known Strategies to Maximize Social Security Benefits
(Source – www.elderlawanswers.com) While collecting Social Security benefits may seem straightforward, there are actually several strategies for collecting benefits — especially if you are married — that can increase your retirement benefits. There are three basic options for when to start taking Social…
Who should care for seniors? Depends where you live
(Source – www.cbsnews.com) With Western countries increasing dealing with aging societies, the answer to who should be responsible for seniors’ economic well-being may simply depend on where you live. Americans largely believe that the responsibility for the economic well-being for people in…
A promising trend in taking Social Security benefits
(By – Alicia H. Munnell and Anqi Chen, Center for Retirement Research at Boston College) With lower Social Security replacement rates, vanishing traditional pensions, and longer lifespans, many people will need to work longer to ensure a secure retirement. Working longer…
ACA requires insurers to collect Social Security numbers
(Source – news.aetna.com) Is your health plan asking you to give your Social Security number? There is a reason for that. Beginning this year, health plans have to send the Internal Revenue Service (IRS) information about health plan members and their insurance…
Retirees wait longer to claim Social Security benefits
(By – Tom Anderson, CNBC) More people are waiting longer to retire, and that’s affecting when they claim Social Security benefits. While more than a third of workers still claim Social Security retirement benefits when they turn 62, the earliest age possible,…
Expand Social Security to protect retirees
(By – Robert B. Reich, via chicago.suntimes.com) America is on the cusp of a retirement crisis. Millions of Americans are already in danger of not being able to maintain their standard of living in retirement, and the problem is getting worse. You hear…