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Bad news on health insurance
The Daily News editor never actually says it but I think this is an editorial in favor of a higher tax on those few people who can afford but do not buy health insurance in the United States (“Health care…
Key senator sees no ‘Chained CPI’ in Obama budget
WASHINGTON (Reuters) – Vermont Senator Bernie Sanders, the leader of the Democrats on the U.S. Senate Budget Committee, said on Friday he does not expect “Chained CPI” cost of living cuts for Social Security to be in President Barack Obama’s…
Caregiver Wage, Overtime Protections Struck Down
A federal judge has put a stop to a new rule requiring that in-home care workers assisting people with disabilities be paid minimum wage and overtime. U.S. District Judge Richard Leon said this week that the U.S. Department of Labor…
Get These 3 Variables Right and Retire Earlier
How do you know if you can retire? Despite all the attention given to your retirement “number”—your total savings—there are several other important variables that go into the retirement equation. If you want an accurate estimate for when you could…
Half of Americans Are Facing a Tough Retirement. Don’t Be One of Them.
One disturbing statistic revealed in the Federal Reserve’s “Report on the Economic Well-Being of U.S. Households” is that nearly half of Americans have not done much financial planning for their retirement. Specifically, 24% of respondents reported doing “very little” planning…
Easing the Looming Retirement Crisis: “Falling Short” Co-Author Offers His Insights
American workers today are living longer, which is certainly great news. But that longevity is adding to an already major income gap between what most retirees will need and what they are able to save. Bridging that income gap is at…
Listen Up: These 10 Changes to Financial Rules Could Impact You in 2015
Welcome to 2015 — now is a good time to examine the financial changes that will impact you in the days ahead. And it’s mostly good news — some of these changes can put more money in your pocket in 2015.…
Social Security Claiming Strategies
There’s a great need in our industry for education about optimal Social Security claiming strategies. Clients often want to claim early, but they seldom consider how taxation will impact the overall size of their benefit and the longevity of their…
CBO Report: Social Security Going Bankrupt Faster Under Obama
At a town hall meeting in Columbus, Ohio in 2010, President Barack Obama ensured the worried audience that “Social Security is not in crisis.” Obama was wrong. Not only is Social Security in the worst shape it has ever been in, a recent Congressional…
OIG: Medicare payments for hospice care need reform, accountability
Medicare payments for hospice care carried out in an assisted living facility (ALF) more than doubled from 2007 to 2012, raising questions about the incentives that Medicare provides for hospice care, according to a report from the Office of Inspector…