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Is growing income inequity hurting Social Security?
He point[s] out that critics leave the impression that rich people are getting something for free from Social Security, which is not the case. “The implication in the CAP report is that a person who reaches the cap in February…
Take steps to protect against identity theft
Acting Attorney General John J. Hoffman and the New Jersey Division of Consumer Affairs on Feb. 18 reminded New Jerseyans who believe they were affected by the recently reported cyberattack against Anthem, Inc., or any other recently reported data breach,…
U.S. proposes 0.9 percent cut in 2016 Medicare Advantage payments
The U.S. government on Friday proposed a 0.9 percent cut in payments to health insurers for 2016 Medicare Advantage plans, which provide health benefits to more than 16 million elderly or disabled people. When combined with other factors such as medical…
New disability papers from the Social Science Research Network
The Social Security Disability Insurance (SSDI) program faces imminent insolvency. Annual expenditures totaled $143 billion in 2013, but program receipts amounted to $111 billion — a shortfall that is projected to continue indefinitely. According to the Social Security Trustees, the…
Retirement insecurity
The “silver tsunami” predicted for Maryland, where more than 1 million workers have no retirement savings, is one that will sweep the rest of the country, too. As a matter of fact, the Employee Benefit Research Institute says the percentage…
If The Typical American Wants a Secure Retirement, They’ll Have to Overcome This Hurdle
According to the Federal Reserve, 31% of non-retired Americans have to put money away in retirement accounts for their golden years. Since financial advisors typically recommend that retirees will need roughly 70% of their pre-retirement income to support their lifestyles in retirement, the…
Government approves Medicare coverage for lung cancer screening
U.S. health regulators on Thursday approved Medicare coverage for lung cancer screening by low-dose CT, the first time the government health insurance program for the elderly and disabled will pay for such a program of early detection in an effort…
Keeping the Social Security promise
Nebraskans work hard each day to provide for their families. For generations, Americans have paid taxes into Social Security with the expectation the program will be there if they need it when they get older. Without reform, the Social Security…
Wow! The IRS Will Pay Out This Much in Fraudulent Tax Refunds By 2016
It’s tax time again. (Cue the dive under the blankets for a majority of Americans!) Though few people enjoy the process of preparing their taxes — a walk down memory lane consisting of receipt-hunting can be arduous and time-consuming —…
Think Social Security is protected from garnishment? Think again
If times are tough, it’s important to ask: Are your Social Security payments subject to garnishment? Could a creditor seize them? Could you lose them in bankruptcy? If times are tough, it’s important to ask: Are your Social Security payments…