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GOP bill prevents ‘double-dipping’ with unemployment benefits
Rep. Sam Johnson (R-Texas) has introduced a measure preventing anyone from simultaneously receiving unemployment insurance and disability benefits. Johnson argued that it seems illogical for people to be eligible for both disability and unemployment payments. “Under current law, some people…
Forum: People are not saving enough for retirement
People aren’t saving enough for retirement, an urgent concern that should be addressed in an upcoming once-a-decade White House summit on aging issues, speakers said at a forum here Thursday. Individual savings will have to supplement future Social Security benefits,…
Here’s a Social Security strategy worth pondering
Is it a good idea to start your Social Security benefits as early as possible (at age 62), even if you don’t need the income right away to meet your living expenses, and then invest this money for future use?…
Push to Boost Defense Spending Puts GOP in Budget Bind
Pressing Pentagon demands in a time of terror threats and Islamic State militants have put newly empowered congressional Republicans in a bind. Defense hawks want to wipe out previous spending cuts to steer more money to the military, but the…
Economy’s Supply Side Sputters
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.…
Meet the Lawmaker Picked to Produce a Conservative Alternative to Obama’s Budget
Hypocrisy is a given in Washington. So much so that Senate Democrats must believe no one notices just how much of it they are guilty of in their attempts to prevent Congress from funding the Department of Homeland Security. First,…
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…