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DoD wants more details on proposals to overhaul retirement, health systems
Pentagon officials are raising questions about the conclusions reached by a blue-ribbon commission and its proposal to overhaul the military retirement and health care systems, a top defense official said. In the Defense Department’s response to recommendations from the Military Compensation…
Will Social Security Still Be Around When I Retire?
The 2014 Social Security Trustees report said the program will be able to pay full benefits until 2033, and after that will only be able to pay 77 percent of benefits. Laurence Kotlikoff, a Boston University economics professor, and Paul Solman,…
Social Security Credit for Military Service
One often overlooked benefit that federal retirees might be eligible to receive involves Social Security credit for time spent in military service. The earnings of people who serve in the military services on active duty or on active duty for…
Are you a part of the ‘sandwich generation’?
No, I am not writing about those of you who like to eat ham and cheese on whole wheat. The term “sandwich generation” refers to those folks who are still caring for or supporting their children or grandchildren and are…
Vail Daily column: Women may face extra challenges in seeking financial security
On Sunday, we observe International Women’s Day. On this occasion, thousands of events across the world will honor the cultural, political and social achievements of women. Of course, in many countries, women still face significant economic challenges. And even here…
Retirement Milestones To Look Forward To
Retirement is a transition into a new stage of life. Retirees get the freedom to choose how to spend their time, but they also walk away from the comfort of a steady paycheck and need to make important financial decisions. Here…
The Surprising Amount Retirees Pull Out of Savings
Last week, Merrill Lynch and Age Wave came out with a survey of retirees which found not only didn’t they all downsize when retiring, 30% who’ve moved since they retired have upsized their homes. Now, a fascinating survey by the…
TAX BREAK BILL: A New Bill in the Minnesota House of Representatives Would Create a Tax Break for Seniors
With a nearly $2 billion projected surplus in Minnesota, ideas are flying around the capitol on what to do with the extra money. House Republicans have an idea on their plan to give back some of that money to taxpayers by…
Gov. Charlie Baker Aims to Trim State Workforce by 4,500 Through Early Retirement Incentives
Gov. Charlie Baker released a plan this week to trim the state workforce through early retirement incentives. The plan was greeted with caution by legislative leaders and a state employees union, who said they needed to learn more about the…
Social Security Disability ‘Ticket to Work’ Website Has Been Redesigned
The Ticket to Work program recently launched a redesigned beneficiary website at www.choosework.net. The website is part of Social Security’s efforts to help people with disabilities who want to work find and keep a job to reduce or eliminate their need for…