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Why the silence about Medicare Part B premium increases under MACRA?
On April 16, 2015, President Obama signed into law the Medicare Access and CHIP Reauthorization Act of 2015 (“MACRA”). This new law raises Medicare premiums for higher-income retirees, who will be paying more for their Part B and Part D…
Congressional Brief: Social Security
Social Security is the cornerstone of retirement security in the United States today. A third of Americans depend on the program for almost all their retirement income; without it, onein-five would have no retirement income. But the program so many…
Rep. DeFazio Introduces Two Bills to Protect Social Security Trust Fund and Keep Program Solvent Through 2057
April 23, 2015. Rep. Peter DeFazio (D-OR) today introduced a pair of bills that would protect Social Security trust funds from being diverted to pay for other programs and preserve Social Security benefits for future generations. The first bill, HR 1984,…
Seniors with HIV face losing disability insurance
When Lewis Nightingale turned 65 in February, he not only reached what is considered retirement age but also hit the end of his long-term disability insurance coverage. Nightingale, who has been living with HIV since 1984, has relied on his long-term…
What Long Life Spans Mean for Your Money and Career
During the 20th century, life expectancy in the U.S. climbed by almost 50%. That has huge implications for our finances. If you had a daughter born in 2000, her life expectancy at birth was age 84, versus 58 for women born…
Commentary: Chris Christie dares discuss Social Security, Medicaid
If New Jersey Gov. Chris Christie has his way, the unfolding presidential campaign will focus on generational fairness. It will seek to curb spending on the elderly — mainly Social Security and Medicare — without putting the elderly at risk. This…
Senators fret about Social Security cuts to cover student loan debt
A pair of Democratic senators is demanding to know more about the growing number of seniors who are seeing their Social Security benefits slashed to cover student loan debt. Sens. Claire McCaskill (D-Mo.) and Elizabeth Warren (D-Mass.) sent a letter to…
Your Pension Vs. Social Security
If you receive a government pension, your Social Security benefit may suffer a reduction due to a rule called the Windfall Elimination Provision. It pays to know how it works when you plan for your retirement income. This provision, or WEP,…
PICPA offers 10 ways to maximize Social Security benefits
For most Americans, Social Security retirement benefits typically represent 30 to 60 percent of their retirement income, yet, according to the National Social Security Association LLC, more than 90 percent of Social Security recipients receive less money than they are…
Christie Social Security Plan Punishes Haves And Have-Nots
Some are touting New Jersey Gov. Chris Christie’s proposal to take an ax to Social Security as an act of bold political leadership. Sorry, I see the opposite. America needs leadership to replace old dysfunctional baggage with new programs and ideas…