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Social Security – Disability and Retirement
What is Social Security? Social Securityprovides disability benefits to insured workers and their dependents. It also provides retirement benefits to insured workers, their dependents, and surviving family members. The Social Security Administration runs the program. Read more… Notice: The…
Modernizing Medicare: An important first step
(By – Douglas Holtz-Eakin) The Medicare program is at a crucial juncture: it is responsible for 25 percent of all federal outstanding debt this century, and the total continues to grow. Every day, 10,000 newly eligible seniors enter a Medicare health…
Veteran U.S. senator to IRS: No tax breaks for undocumented immigrants
A veteran U.S. senator from Iowa says he plans to push legislation that would overturn a policy allowing undocumented immigrants who qualify for a three-year deportation waiver under President Barack Obama’s executive order to earn tax refunds. Sen. Charles Grassley, a…
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…