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Sanders Wants to Increase Taxes to Bolster Social Security
Sen. Bernie Sanders (I-Vt.) has introduced legislation to bolster Social Security by increasing taxes on higher earners. The Social Security Expansion Act would subject all income over $250,000 to the payroll tax. The tax is currently capped at $118,500. It would…
It’s Never Too Early: When to Start Saving for Retirement Read
Despite uncertainty in a still tough economic climate, Gen Y is optimistic about having a financially secured retirement life. Millennials joined the job market when the economy is shaky and unemployment is on a high. As if that’s not enough,…
How Inequality is Worsening the Retirement Crisis
The gap between the top 1 percent of American earners and everyone else will play out for years to come, thanks to its impact on retirement savings. Income inequality is wreaking havoc with the ability for low- and middle-wage earners to…
The Importance of Social Security to Our Retirements Can’t Be Overstated
The folks at the Employee Benefit Research Institute, or EBRI, are real party poopers, frequently releasing depressing data about how millions of Americans are underprepared for retirement. Those statistics serve a useful purpose, though, encouraging Americans to make constructive changes.…
Coping with Caregiver Costs
More Americans are facing rising caregiver costs. The financial challenge of caring for an aging parent can also create caregiver stress. Don’t allow caring for an aging parent or spouse to become a crisis. Nearly 10 million adults over the age…
Sen. Bernie Sanders: ‘When People Tell You Social Security Is Going Broke,’ Tell Them They’re Lying
“When people tell you Social Security is going broke, you look them in the eye and tell them they’re not telling you the truth,” said Sen. Bernie Sanders (I-Vt.) at an event on Capitol Hill in Washington, D.C., on Thursday…
Smart Moves: Moving and shaking in Retirement
Over the next 10 years, the number of U.S. households led by someone 65 or older will increase by nearly 11 million. And a surprising number of those older people could soon move to larger, rather than smaller, homes….Age Wave…
Sasse to Introduce Legislation to Prohibit Amnesty Beneficiaries from Receiving Social Security Numbers
Republican senator Ben Sasse of Nebraska plans to introduce legislation on Monday that would prevent the beneficiaries of President Obama’s executive amnesty from obtaining Social Security Numbers. Sasse, the author of the legislation, will be joined by Alabama senator Jeff Sessions, the…
Deciding when to retire
Deciding when to retire may not be one decision but a series of decisions and calculations. For example, you’ll need to estimate not only your anticipated expenses, but also what sources of retirement income you’ll have and how long you’ll need…
IT’S NOT JUST SOCIAL SECURITY: PRIVATE PENSIONS SET FOR BUST TOO
Maybe you are one of the millions of Americans not relying on Social Security for your retirement. Instead, you have pension plan at your place of employment which you’ve paid into and become vested in after years of service.Well, according to…