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Plan for a Long Life When Saving for Retirement
If we knew we would die tomorrow, we’d be rich today. I don’t mean rich in appreciation for life, although that’s probably true, too. I mean literally rich. With only one day to live, a nest egg of $100,000 would…
Sooner or later, universal health care will happen
Virginia House Speaker Bill Howell and his party have thus far successfully blocked the expansion of Medicaid in Virginia. Such expansion is considered by many to be necessary to fully implement the Affordable Care Act and provide health insurance coverage…
Does Social Security Discriminate Against Women?
The American Academy of Actuaries recently testified before the Senate on the issue of women and Social Security, in a hearing called “Is a Key Foundation of Economic Security Working for Women?” It’s an interesting question for which there’s no…
The Media’s Cracked Crystal Ball: What Journalists Said We’d Find in 2015
In the 1980s and ’90s, journalists passed along expert predictions of the world as it would be in 2015. Now that the New Year has finally arrived, it might be fun to recall some of those forecasts. Keep these in…
Florida’s health care system for needy and disabled children violates federal laws, judge rules
A federal judge Wednesday declared Florida’s health care system for needy and disabled children to be in violation of several federal laws, handing a stunning victory to doctors and children’s advocates who have fought for almost a decade to force…
Balancing Act: Five Tips To Successfully Save For College And Retirement
By far, one of the most daunting questions parents have is how to save for college and retirement at the same time. Most parents don’t pay for college out of a single “college fund” loaded up to cover four years…
The new myRA account is an ‘exceptionally limited” investment option
“President Obama has once again proved that his pen is mightier than Congress. He signed a memorandum and, voila, the myRA was born,” according to Dan Weber, president of the Association of Mature American Citizens. Perhaps, Weber speculated, Mr. Obama…
BBB: Watch out for scammers asking for money up front
The holidays can be prime season for scam artists who are trying to get your money and personal information. Action News Reporter spoke with the Better Business Bureau about how you can stay safe. Many of us have seen the…
Retiring? Understand Social Security
No matter how far away you are from retirement, it’s important to understand your Social Security benefits – and there’s a particularly good reason to do it now.The Social Security Administration (SSA) is bringing back annual paper benefits statements for…
New year, new laws
The new year is almost here and that means, a few new changes to the law for 2015. Legislators will have a lot on their plates in the next session, but for now we’re looking at some of the laws…