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Thompson co-authors Social Security-saving bill
A bill introduced this week and co-authored by U.S. Rep. Mike Thompson aims to “cut taxes for Social Security recipients, provide a benefit increase for current and future beneficiaries, and keeps the system strong for generations to come,” Thompson’s office…
Answers demanded after vets’ disability claims found in cabinet
One number will hang over a congressional hearing Wednesday looking into mismanagement at a U.S. Veterans Affairs regional office in Oakland: 13,184. That’s the number of compensation and disability claims that were found in 2012, wrongfully stashed in a filing cabinet…
Chris Christie Spins Economic Data
New Jersey Gov. Chris Christie made a couple of economic claims at a recent forum in New Hampshire that may seem startling at first — until placed into context: Christie said it is “outrageous” that there have been “some months”…
Keep in mind your Social Security survivor’s benefit
I’ve written often about the value of delaying Social Security payments until age 70. You accumulate what the U.S. Social Security Administration calls “delayed credits” by waiting past your full retirement age – effectively purchasing an inflation-adjusted immediate annuity paying 8…
56 Percent Of Social Security Recipients Paid Tax On Their Benefits Says New Survey By The Senior Citizens League
According to a new TSCL survey, some 56 percent of Social Security recipients said they paid tax on a portion of their benefits during this year’s tax season that ended April 15th. When planning the best time to retire, don’t underestimate…
Social Security proposals go the wrong way
Democrats have a problem. They created the two main benefit programs for seniors, Social Security and Medicare, but older voters have been shunning their party in droves. President Barack Obama took only 44 percent of the senior vote in his…
Let Social Security jazz up your retirement plan
April is Jazz Appreciation Month, a perfect time to move your feet and revel in the smooth beats of one of America’s most beloved musical genres. Ella Fitzgerald, the “Queen of Jazz,” known for her scatting style, had a vocal range…
Battle lines drawn on retirement age
If New Jersey Gov. Chris Christie (R) hoped to start a broader discussion on entitlements, it worked. The Republican governor delivered a speech a week ago announcing his support for major “reforms” to social-insurance programs, including a call to raise…
Resources on Social Security Work Incentives
The Social Security Red Book provides a general overview of all Social Security Work Incentives and information on a variety of useful resources. Always reference Publication No. 64-030 ICN 436900 when requesting copies of the Red Book. Read more… …
How seniors can manage their money
Imagine you are at a delicate point in your life. You and your spouse are 66, poised to retire and take Social Security. Your combined benefits will be $32,000 a year. You also will have another $32,000 of income from…