Latest News
The Pros and Cons of a Guaranteed National Income
There is a growing consensus across the political spectrum that our current welfare system is not working as intended. Although federal, state, and local governments spend nearly $1 trillion annually on at least 126 anti-poverty programs, we are doing little…
Review: How Washington Is Betraying America’s Young
President Obama’s promise “to rescue the economy” and “[lay] a new foundation for lasting economic growth” in 2009 has rung hollow for the millions of young Americans still struggling five years into the economic recovery. Millennials are the first modern…
The Awful Way Social Security Might Be “Saved”
This post The Awful Way Social Security Might Be “Saved” appeared first on Daily Reckoning. In 1990, the pollsters from Gallup started asking working Americans how likely it is Social Security will be there for them when they retire. By 2010, 60%…
Spring into stress-free retirement
April has arrived, and spring is here. As we say “goodbye” to winter weather hardships and “hello” to gardens budding with vibrant color, we welcome the season by celebrating Stress Awareness Month. Did you know that stress, also called the “silent…
Expanded Hospice Improved Care But Raised Medicare Costs
A large study examined the impact of growth in Medicare’s hospice benefit among nursing home residents between 2004 and 2009 and found improvement in indicators of care quality, such as less reliance on intensive care and feeding tubes, but that…
Social Security Will Not Cut Off Your Checks
According to their 2014 Trustees Report, the Trust Funds that support Social Security are expected to run out of cash around 2033. If that happens, Social Security will be unable to make payments that are both timely and complete. Despite those…
Bamboozled: Seniors tied up in red tape as Social Security denies refund of Medicare premiums
Sometimes problems have very simple solutions, but it’s infuriating when red tape and bloated bureaucracies can’t find the easy fix. We’re talking about Social Security and Medicare. When a senior qualifies for Medicare, the cost of premiums depends on a beneficiary’s income.…
Here’s How Much the Typical American Should Save for Retirement
One of the most important financial questions most of us face in our lives is how much to save for retirement. Is $250,000 enough? What about $500,000? Or should we strive for something higher — say, $1 million? While your answer will…
Fiscal train wreck
Tackle America’s retirement problem, or risk the rise of the Islamic State. That stark choice is the direst consequence of Washington’s fiscal mess, sketched by Bruce Josten, top lobbyist at the U.S. Chamber of Commerce. For several years, Josten has pressed the…
5 Reasons Millennials May Struggle to Retire on Their Own Terms
The Great Recession certainly did a number on Baby Boomers. With the market hitting new highs in 2007, right when baby boomers were getting ready to hang up their coats and gloves for good, the floor fell out from underneath…