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This Medicare Mess Could Delay Your Retirement
Healthcare costs are one of the biggest threats to your finances after you retire, and retirees rely on the Medicare program to help them cover the bulk of those costs. Yet Medicare has a huge financial time bomb that constantly…
When will debt ax fall?
President Obama and Republicans in Congress are headed for another standoff over the national debt. But first, they need a deadline. The Treasury Department now has free rein to finance the federal government through borrowing, with the ceiling that limits…
Retirement Planning: If We’re Living Longer, Do We Need More Money?
Back in 1960, the average American’s process for retirement planning was a bit different than it is today. Most weren’t expected to live more than 70 years. If you reached the age of 65, the picture was a little rosier:…
New US Senate budget chairman eyes on-time budget, balance in decade
New Senate Budget Committee Chairman Mike Enzi said on Thursday he intends to follow the lead of House Republicans with a Senate budget plan that balances within 10 years, but with more of the savings up front. Republican Sen. Enzi…
Updates from the Iowa Freedom Summit
Below are updates on potential Republican candidates for president as they speak at the Iowa Freedom Summit in Des Moines. Early in the event, several prominent Republicans from Iowa, including Gov. Terry Branstad, Lt. Gov. Kim Reynolds, U.S. Sen. Chuck…
President Obama and US Congress at war: Obama wins
On January 20, President Obama gave a speech to the U.S. Congress and American people on the “State of the Union.” Obama’s theme was that “the dark shadow of crisis for America has passed.” The speech comes after a crushing…
Social Security to expand field office hours nationwide
Social Security announced as a result of Congress’ approval of the fiscal year 2015 budget, the agency will expand its hours nationwide and offices will be open to the public for an additional hour on Mondays, Tuesdays, Thursdays and Fridays,…
3 Reasons Social Security Won’t Cover Your Retirement
One of the most financially dangerous mistakes you can make is to assume that because you’ll get Social Security, you won’t need anything else to cover your retirement. It’s particularly dangerous because if you don’t realize that mistake until you’re…
Not a bad deal for low-wage earners
In his op-ed column on Jan. 16, “Government takes from the poor, gives to the rich,” E.J. Dionne restated a common, somewhat misleading claim: “It’s entirely true that ‘better-off people’ pay more in federal taxes than the ‘less well-to-do.’ But…
10 Things You Must Know About Social Security
For many Americans, Social Security benefits are the bedrock of retirement income. Maximizing that stream of income is critical to funding your retirement dreams. The rules for claiming benefits can be complex, but this guide will help you wade through…