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Will Social Security Decide Maryland’s Senate Race?
The race for Barbara Mikulski’s Maryland Senate seat has just begun. But Social Security is already shaping up as a major issue, especially between two leading contenders: Maryland representatives Chris Van Hollen and Donna Edwards. Van Hollen is favored by some…
Social Security numbers could be banned on Medicare cards, W-2s under proposed federal law
With identity theft involving income tax returns mounting, Sen. Sherrod Brown of Ohio on Wednesday proposed legislation that would help victims get their refunds more quickly, limit the number of refunds to any one bank account or mailing address, and…
Memo: Illegals to Receive Social Security, Credit for Time Worked Illegally
Under President Obama’s rule, illegal immigrants will be eligible for Social Security payments — and they’ll be credited for the time they’ve been working illegally, in some cases. Obama’s executive actions — according to a Congressional Research Service [(CRS)] memo sent…
Most Americans Count on Social Security to Fund Retirement
Despite ongoing concerns about the future of our country’s Social Security program, more than half of Americans (including 40 percent of millennials) are planning to fund at least a portion of their retirement with Social Security benefits, according to Capital…
USA Today OpEd: Don’t Make It Harder to Save for Retirement
The Obama administration is proposing a retirement rule that could restrict access to information, limit investor choice and raise costs on American families saving for retirement. This isn’t about whether brokers and investment advisers should be subject to a fiduciary duty…
40 Isn’t the New 30: Why Saving for Retirement is a Young Person’s Game
At 30, you may feel like you have plenty of time left to save for your golden years—after all, you’re likely still more than three decades away from leaving the workforce. But having a long career ahead of you doesn’t necessarily…
Illegal Aliens Present Problems for Social Security Administration
A Social Security Administration (SSA) official told Sen. Ron Johnson (R-Wis.) that illegal aliens who receive amnesty and work permits under President Obama’s executive amnesty will soon also be able to collect Social Security benefits. The SSA official was responding…
Do you really need $2.5 million for a good retirement?
You can’t feel secure in retirement if you don’t have a good idea of how much money you’ll need. But if you believe a new Legg Mason survey, you may have to save far more than you think. Investors surveyed by…
Bolinsky Votes to End Taxing Social Security
State Rep. Mitch Bolinsky (R-106) announced his support for a bi-partisan plan to exempt federal Social Security pension benefits from Connecticut state income tax, a measure that has passed a key legislative hurdle by winning unanimous support in the Legislature’s Aging Committee. Currently, a…
Senate Chairman Presses on Immigrant Social Security Numbers
Senate Finance Committee Chairman Orrin Hatch (R-Utah) wants the Obama administration to spill more information about how many immigrants protected from deportation will receive Social Security numbers. In a Monday letter, Hatch charged that the Social Security Administration’s own projections suggest…