Latest News
Republicans want to reform disability insurance. Here’s why that’s hard.
Republicans have been railing against big government for years, but for the past two decades they have all but ignored the growth of one of the nation’s biggest and costliest programs: Social Security Disability Insurance (SSDI). That may be changing.…
Will You Pay Taxes On Your Social Security Benefits? “Better Plan On It,” Says Poll by The Senior Citizens League
A recent poll conducted by TSCL indicates that about 66% of Social Security recipients paid taxes on their Social Security benefits last year. About two-thirds of Social Security beneficiaries are likely to pay taxes on their Social Security benefits this…
Medical Costs Top Retirement Concerns, Poll Finds
High medical expenses are Americans’ biggest financial worry about retirement, topping concerns about running out of money, according to a new report by Bankrate.com….Running out of money is the biggest fear for people 18-to-29. A tapped-out nest egg was a…
Senate Finance Committee Introduces Bill Adverse to Claimants
On February 12, 2015 Republican members Orrin Hatch and Sam Johnson of the Senate Finance Committee introduced“The Social Security Disability Insurance and Unemployment Benefits Double Dip Elimination Act of 2015″ in both the Senate and the House. The new law would…
9 Common Reasons Social Security Disability Claims Are Denied
Every year, millions of people apply for Social Security disability benefits. Unfortunately, 70 percent of initial claims are denied. There are many reasons your claim may be denied, and it’s important to know why yours was before you appeal. That way,…
Why the Next Social Security Crisis Could Be Just a Year Away
Most Americans know that the Social Security system faces some long-term financial troubles, as a rising population of retirees relies on ever-fewer workers paying the taxes that finance their benefits. Yet most people focus on the retirement portion of Social…
10 Surprising Facts About Retirement: Retirement might not live up to your expectations
Most retirees are prepared for more free time and less stress, but some other aspects of retirement could be unexpected. Many retirees have significant financial worries and health concerns, and an excess of free time is only fun if you use…
Social Security 1099s in an instant
Getting ready to prepare your income tax returns can be a hassle, especially for those of us who haven’t been diligent in holding on to our records. Seniors who misplace their SSA 1099 forms have the extra aggravation of having…
IRS to pay refunds to illegal immigrants
Non-taxpaying illegal immigrants will be eligible to receive tax refunds once they receive Social Security numbers, the IRS chief told Congress last week. [Washington Times] As many as 4 million illegal immigrants may now receive work permits and Social Security…
White House Endorses Apple Pay: RIP Google Wallet?
iPhone 6 users won’t have to worry about what’s in their wallet when they visit national parks next fall. Starting in September they’ll be able to whip out the Apple smartphone to pay for park admittance now that the White…