Latest News
Social Security closes claiming loophole for people with disabilities
If you see something, say something. We have all grown accustomed to that public safety announcement in airports, train stations and subways warning us to speak up if something seems amiss in our post-9/11 society. I want to thank Boston University…
Why Are States Leaving Billions in Retiree Income on the Table?
Many elderly can afford to pay more in taxes. And with a growing number of needy seniors to support, states can’t afford to pass up that revenue. Illinois is the national poster child for state budget messes. My home state…
Will the Social Security System Go Broke in the Next 20 Years?
(By – Brian Stoffel, Dan Dzombak, and Dan Caplinger) It’s no secret that Social Security, in its current form, is in trouble. Many young workers today are told to plan for retirement as if Social Security will no longer be…
3 Common Money Mistakes to Avoid in Retirement
If you withdraw money too early, you could shortchange yourself in retirement Have you recently thought about the details of how your nest egg turns into income in retirement? If not, it may be time to do so. There is…
Social Security Scarcity a Myth, Group Says
Thursday in Defiance, at the United Auto Workers building, Michael Phelan of Social Security Works spoke to an audience about what he calls the “myths” surrounding social security and how people can work to change the general consensus about what…
CHRIS CHRISTIE VS HILLARY CLINTON ON SOCIAL SECURITY BENEFITS
It’s no secret that after extremely significant and early buzz, too early perhaps, New Jersey Governor Chris Christie has been struggling to get back in the flow of the now ongoing Republican presidential primary. Given his reputation for taking on the…
The Fiscal Challenge of an Aging Population
There’s a demographic time bomb that’s about to go off. Here’s what governments should do to get their finances in order. Global economic growth is picking up, monetary policy is still extremely loose and nowhere is there a threat that…
Protect Yourself Against Medicare “Gaps”
Medicare helps to pay for a wide variety of health services, from flu shots to hospital stays to hospice care. But it doesn’t cover everything, including all of your out-of-pocket costs. Many services covered by Medicare require co-payments, co-insurance and deductibles.…
Some Tax Considerations For Your Retirement Income
Even if you don’t plan to retire for years, it’s still a good idea to think ahead about where you decide to live, the source of your income and how it all interacts with Social Security and Medicare. Here’s why:…
Delusional Social Security Plan
Social Security has a long-term funding gap that keeps growing. Neither political party has a plan to pay for the promises already made to people contributing to the system. But Democrats are bringing a new idea to the table: make…