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Social Security Disability Insurance in Obama’s 2016 Budget
Social Security Disability Insurance (SSDI) is in financial hot water….The pending insolvency of this important program will have to be addressed by the 114th Congress. In preparation, House Republicans passed a rule requiring that reallocation of funds from the Old-Age…
The 5 Fundamentals of Retirement Finances: These are the essential components for a financially secure retirement
It’s tough for many retirees to handle the financial part of their lives. Retirees used to have a pension, and they could let other people worry about the financial markets. Now we have to take on that worry ourselves. But…
Obama Budget Extends Social Security Benefits To All Married Same-Sex Couples
President Barack Obama’s budget for fiscal year 2016 includes a major change for legally married same-sex couples, making them eligible to receive Social Security spousal benefits regardless of where they live. Currently, these couples are unable to get such benefits if…
Social Security Facts
According to the latest data found, 59 million Americans are receiving Social Security benefits totaling $863 billion. Of that number 42 million are retirees, 11 million are disabled workers and their dependents and 6 million are receiving survivor benefits (widows or…
Obama’s 2016 Budget: Behind the Numbers
President Obama’s budget proposal lays out his wish list for the coming year, an opening bid in what is sure to be a protracted negotiation with Republican congressional leaders over the coming weeks and months. It sets the stage for…
Obama administration seeks to negotiate Medicare drug prices
The Obama administration said on Monday it would seek authority to negotiate pricing for high-cost drugs under the federal government’s Medicare Part D program, which offers private insurance drug coverage for senior citizens and the disabled. President Barack Obama’s new…
Under Obama Budget, Many Medicare Recipients Would Pay More
In his new budget, President Obama proposed on Monday to squeeze $399 billion over the next 10 years out of Medicare, Medicaid and other programs run by the Department of Health and Human Services. Under the proposals, many Medicare beneficiaries…
Social Security Announces New Online Service for Replacement SSA-1099s
Carolyn W. Colvin, Acting Commissioner of Social Security, today announced the agency is expanding the online services available at www.socialsecurity.gov. Social Security beneficiaries are now able to quickly and easily obtain a replacement SSA-1099 from the agency’s website with a…
As Obama’s Budget Arrives, GOP Will Try (Again) to Kill His Favorite Bill
February 1, 2015 Partisan contrasts are always stark on Capitol Hill, but rarely more so than they will be this week. President Obama unveils next year’s budget proposal Monday, so congressional Republicans and Democrats will use it as a vehicle…
3 biggest challenges facing retirement savings
When considering the biggest regrets of 2014, most of us think of common year-end responses, such as what we ate and drank or spending too little time with loved ones. However, the growing American mass-affluent segment experienced the most guilt—for…