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Eight Facts You Must Document to Obtain Federal Disability Retirement Benefits
(Source – Fedsmith.com) If you have decided to leave your federal government position with federal disability retirement benefits, you will have your work cut out for you. Before you can obtain disability retirement benefits, you must demonstrate to the Office of Personnel…
Politicians must address potential Social Security insolvency
(Source – F. Marc Ruiz Times, nwitimes.com) The financial press was abuzz this week with news and analysis related to the Social Security program. A couple of reports were circulating in the press. The Social Security Administration released its 2014 trustee’s report…
Tips for couples on managing Social Security benefits
(Source – www.fridayflyer.com) The following Money Management column is provided by the American Institute of CPAs and the California Society of CPAs. Approximately 59 million people receive Social Security benefits, according to the Social Security Administration. Were you aware that there are…
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…