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This Shocking Drain on Your Retirement Savings Leaves Millions Clueless
When it comes to saving for retirement, many people struggle to find every penny they can to set aside for their golden years. Yet billions of dollars of Americans’ retirement savings gets sucked out of their accounts each and every…
Retirement planning for an even longer life
It’s hard enough planning for retirement, and now we have to add another two years of life to our calculations. You read right: The average U.S. 65-year-old man is now expected to live to 88.8 years, up from 86.4 in…
House Speaker Mattiello pledges to seek state tax exemption for Social Security benefits
When House Democrats gather Thursday night for the first time since election day, House Speaker Nicholas Mattiello will name as one his top 2015 legislative priorities: exempting Social Security benefits from the state income tax. If enacted, Rhode Island would…
Seniors Played a Big Role in the GOP Congressional Sweep, says AMAC
America’s older voters played a significant role in this week’s GOP sweep of the mid-term Congressional elections, according to Dan Weber, president of the Association of Mature American Citizens. “Political scientists have called senior citizens the country’s most reliable voters…
BBB Warns Of Medicare Scams During Open Enrollment
With open enrollment for Medicare drug, supplement and Medicare Advantage plans continuing until Dec. 7, scammers see an opportunity to take advantage of seniors who may not understand the enrollment process, Better Business Bureau (BBB) warns. The Missouri Department of…
Opinion: Medicare open enrollment brings improved plans, steady rates
Fall is a wonderful time of year. Changing leaves. Cooler weather. It’s also the season for people with Medicare to review their current Medicare coverage, as Medicare open enrollment has begun. As we manage Medicare open enrollment, which ends Dec.…
Panel to Review Social Security Projections
The Social Security Advisory Board (SSAB) today announced the appointment of an expert panel to review the assumptions and methods used by the Social Security trustees in their annual report on the program’s financial status. “The nation relies on these…
One-stop resource camp planned for homeless veterans
Assistance is on the way for area veterans and their families. The VFW Post 7321, Calcasieu Parish Human Services Department, Alexandria VA Medical Center, and the Louisiana Department of Labor will host the first homeless veterans “Stand Down” event Tuesday,…
What Are the Biggest Surprises in Retirement? The Experts Weigh In
The Great Recession served up some nasty financial surprises to people approaching retirement—the housing crash, job loss and shrunken 401(k)s, for starters. But retirement can bring lifestyle surprises, too. It’s one of life’s biggest transitions, and a major leap into…
Social Security benefits are stingy
Two recent developments that I have found both annoying and dangerous are the deletion of replacement-rate information from the annual Social Security Trustees Report and the coordinated campaign in the press arguing that the elderly have plenty of money. Hence,…