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Changing Social Security and Medicare: President’s budget provides benefits and challenges for seniors
Representatives from one of the country’s largest senior citizens groups have good and bad things to say about President Barack Obama’s most recent budget proposal and the changes it suggests for Social Security, Medicare and other programs that benefit older…
Safeguarding Social Security and Other Retirement Policy Fixes
Amid talk of the president’s budget and debt, there is a funding shortfall that hits close to home. The Employee Benefit Research Institute projects that 42% of Generation X is at risk of running short of money in retirement. Prospects…
Time to Raise Social Security’s Retirement Age
As Congress looks for solutions to solve the looming Social Security crisis, a gradual increase in the retirement age should be a top priority. When Social Security first began in 1935, it was meant to provide security for the elderly. Now,…
The Rising Toll of Inequality on Social Security: A new report looks at the rising toll of income inequality on Social Security
Class warfare has stormed into the Social Security debate. As of Feb. 12, a provocative report says, people on track to earn $1 million in wage income in 2015 will have paid all of their Social Security payroll taxes for…
U.S. Trails in Retirement Security
The United States ranks 19th in the world for retirement security and well-being, according to the 2015 Natixis Global Retirement Index. Natixis, a Paris-based investment company, has put the U.S. in the retirement security cellar — at least among the most…
Delaying Social Security Boosts the Value of COLAs
Wait to take benefits until age 70 and you will get eight years of compounded cost-of-living adjustments on your full retirement age benefit. Trying to decide when to claim your Social Security benefit? Here’s an added incentive for delaying: Cost-of-living adjustments…
Will Social Security Be There When I Retire?
Social Security’s future solvency has become one of the most commonly-discussed issues in retirement planning—and for good reason. Gallup polls show that an estimated 57% of retirees rely on Social Security as a major source of retirement income—a number that…
Editorial: Lessons From Fortunate Retirees
A pair of news stories gave a posthumous 15 minutes of fame last week to two Vermonters who retired successfully, though not lavishly. One was Ida May Fuller, of Ludlow, the nation’s first Social Security recipient. The second, Ronald Read,…
Rep. DeFazio Statement on Social Security
Washington, DC- Rep. Peter DeFazio (OR-04) released the following statement today to highlight the week the country’s millionaires will finish paying their Social Security payroll taxes for the year. “This week, Americans making more than one million dollars a year…
Steps You Should Take If Your Social Security Number’s Stolen
Hackers now have 80 million people’s personal information, including social security numbers and medical ID. Anthem is investigating the data breach that exposed its own employees’ and customers’ information. If thieves steal you social security number, they can open credit cards and…