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Christie Social Security plan further dims his prospects
(Source – www.app.com) Remember that old warning: “When you’re up to your backside in alligators, it’s hard to remember your original intention was to drain the swamp.” It was taped to countless office walls and thumb-tacked to bulletin boards as a reminder…
Longer lifespans bring hope, new problems
(Source – Zachary Vasile, Special for USA TODAY) Octogenarians running marathons, or seniors skydiving to celebrate a birthday? Don’t be surprised. Americans are going to continue to live longer and feel better. If you need proof of that, just look at…
Tax Hikes To Fix Retirement Security Woes?
(Source – Ashlea Ebeling, Forbes.com) Shoring up Social Security and ramping up private savings were the laudable goals on the agenda at a recent conference, Improving Retirement Security, put on by the BipartisanPolicy Center and the Concord Coalition. But high-income earners might…
7 Common Myths that Can Ruin Your Retirement
(Source – Beth Braverman, The Fiscal Times) Most Americans have long ago come to the conclusion that retirement isn’t going to be all travel and tennis. With fewer savings and smaller (if any) pensions, there’s an understanding that most retirements now involve…
Why Taking Social Security Early May Crush Your Retirement Lifestyle
(Source – Robert Laura, Forbes Contributor) Time and time again, I meet with people adamant about taking Social Security at age 62. Presumably, their logic is to receive as much in benefits as possible before the program goes bankrupt. However,…
Six-figure pensions inspire PennLive commenters to sharpen the guillotine
(Source – Kari Larsen, PennLive.com) Even with reform in progress, Pennsylvania state pensions still face the daunting obstacle of being the second-most underfunded in the U.S. And that crisis notwithstanding, several public employees in Pennsylvania collect mammoth monthly pension benefits that amount to $100,000 or more…
Social Security forecasts ‘systemically biased’ to upside: study
(Source – MarketWatch.com A new report asserts that forecasting errors within the Social Security Administration, tied primarily to life-expectancy data, have significantly overstated the financial health of the benefits program. The study, in the current issue of the Journal of Economic…
What Should We Do About the Social Security Problem?
(Source – www.clarkhoward.com) We’re still in the early innings of the 2016 presidential race. Yet there’s already a lot of talk about Social Security. How we going to pay for it down the road? With our aging population, we’re facing a situation…
How Boomers Can Avoid Going Bust in Retirement
(Source – U.S. News & World Report) “Take a deep breath.” “It’s never too late.” “Get some professional help.” While those snippets are indeed culled from experts, they’re not therapists – though you might need one while facing the panicky…
ACCURACY OF MORTALITY PROJECTIONS IN TRUSTEES REPORTS
(Source – Social Security Administration) Making accurate projections of future experience is always challenging. Even with the best-known methods, conditions that determine experience and trends can change in ways that are impossible to anticipate. In addition, experience can fluctuate markedly…