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Retiring congressmen, senators: What color is their parachute?
Free health care for life? Nope. But most of the congressmen and senators from Iowa and Nebraska stepping down this election cycle will walk away with pretty solid pensions — some greater than others, based upon their years of service and when…
Reed reveals 2015 agenda
Even members of Congress have New Year’s resolutions, some want to lose weight, others to be better people, but Congressman Tom Reed (R-Corning) is aiming to tackle Social Security reform. On Monday, Reed announced that he was chosen to serve…
Senate averts shutdown fears; fights over nominees
Their power ebbing, Senate Democrats launched a last-minute drive Saturday to confirm roughly 20 of President Barack Obama’s nominees, and several Republicans blamed tea party-backed Texas Sen. Ted Cruz for creating an opening for the outgoing majority party to exploit. Lawmakers…
To get a bigger bang for your Social Security buck, just wait
For many millions of people, Social Security benefits will be their only source of income after they stop working. And with the inexorable decline of private defined-benefit pensions in America, Social Security’s guaranteed income will only become more important in…
Is the US headed for a Humpty Dumpty fall?
As a nation we just reached another alarming milestone, that being amassing $18 trillion of national debt. Most American’s cannot grasp the magnitude of 18 trillion, so maybe this illustration will help. If we spent a million dollars a day,…
Hatch, Lee in thick of Senate commotion
Their power ebbing, Senate Democrats launched a last-minute drive Saturday to confirm roughly 20 of President Barack Obama’s nominees, and several Republicans blamed tea partyer Ted Cruz for creating an opening for the outgoing majority party to exploit. The weekend…
Six ways to safely spend more in retirement
Retirees are being nervous Nellies with their nest eggs. Yes, retirees are withdrawing money from their retirement accounts at a very slow rate or not at all, according to researchers at Texas Tech University’s Personal Financial Planning Department. And by…
GOP could bring back dollar-for-dollar cuts
Rep. Tom Price (R-Ga.) on Friday said it would be “wise” for Republicans to follow a rule next year that would require any hike to the debt ceiling to be matched by equivalent spending cuts. Known as the Boehner Rule,…
To prosper, Maine must attract workers, young people
Maine prides itself on its rugged individualism. The state, however, is much more dependent on payments from the federal government than most others, which could spell trouble as the state works to improve its economy. The crux of the problem,…
Early retirement eligibility narrowed for officers
Officers debating seeking early retirement from the Marine Corps may want to decide soon depending on their military occupational specialty. Officials with the Marines’ Manpower Plans and Policy Division shortened the list of 26 specialties eligible under the Temporary Early…