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Social Security Expansion Would Hasten Fiscal Disaster
It is a truth universally acknowledged that Americans are underprepared for retirement. And given this sad fact, there’s a growing movement on the left saying we need a government solution, stat: specifically, an expansion of Social Security benefits. Perhaps you are…
Means-Testing Won’t Save Social Security
….Christie’s proposal contained a controversial policy option of means-testing benefits. Some believe that phasing-out benefits for higher-income Americans should be the first option to consider for addressing the financing gap in Social Security. This alternative should be the last. It…
Senate Committee Embraces Work-After-Retirement Bill
Measure raises earnings cap to $25,000, exempts elected officials A Senate committee adopted legislation Monday to change rules for Kansas Public Employee Retirement System members who claimed retirement benefits while working for a government employer also aligned with the state…
Should Your Social Security Be Garnished for Student Loan Debt?
Two U.S. senators worry that retired Americans have enough trouble making ends meet without the government garnishing their Social Security checks to recover student loans and have asked the Government Accountability Office to investigate the practice. The U.S. Treasury is allowed…
Dayton Warms to Elements of House Republican Tax Plan But Still Cool to Most, Especially Size
It’s too soon to call it a budget breakthrough, but Gov. Mark Dayton has offered an opening to a compromise with House Republicans on taxes. Dayton spoke favorably on Monday about two elements of the $2 billion tax-cut plan the House…
Retiring Overseas is More Than a Matter of Money
….Once an outlier in retirement planning, moving to a foreign country is becoming increasingly popular, based on the hundreds of thousands of Social Security checks the government sends overseas. It’s understandable — among the advantages are drastically lower costs of…
How to Avoid Running Out of Money in Retirement
These strategies will help you prevent outliving your retirement savings One of the most common retirement concerns is spending down your savings too quickly and having to cut your standard of living in the later part of retirement. But there…
The Other Enemy of 401(k) Plans (and your retirement)
What government gives with one hand, it takes back with the other. I’m serious. We experience the taxation of Social Security benefits as a tax on money withdrawn from our retirement plans. Many middle-income retirees now are paying taxes on those…
James Contini: Social Security Benefits for Children
Each month, over a billion dollars is paid to children because one or both of their parents are disabled, retired or deceased. These payments are used to provide those children with income to pay for their expenses in order to…
Social Security – You’ve Earned It!
Social Security has been a MINOR topic of discussion during the past few political campaigns. It is expected to be one of the MAIN topics during the 2016 elections….This article contains basic information about Social Security…. Social Security has been an important factor…