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Deal Reached On Tax-Free Disability Savings Accounts
Federal lawmakers say they’ve reached a deal to move forward on legislation that would establish a new way for people with disabilities to save money without jeopardizing their government benefits. Members of the U.S. Senate said Friday that they have an…
New singles majority is bad news for Social Security
Singles are taking over the nation. For the first time, most American adults aren’t married. But fewer marriages mean fewer kids and eventually, fewer taxpayers. This may be bad news for government sponsored retirement programs. Without reform, economists predict the new singles…
Judge rejects state’s plan for disability reforms
A federal judge has rejected a state plan designed to reduce the segregation of people with disabilities, saying the plan was too vague and lacked measurable goals. The plan, long a priority of Gov. Mark Dayton, was meant to help eliminate barriers to…
Why a Medicare Flat Line is Good News for Seniors
While a flat line in the medical world is usually bad news…when it comes to health care costs in Medicare, this flat line is a good thing. We reported earlier on the latest Congressional Budget Office forecast for Medicare and why that…
Your Retirement Plan Needs More Than Money In The Bank — It Needs A Life
With all the talk about retirement, the national focus is on how much to stash away in your 401(k) and IRA and when you should leave your job and start taking Social Security benefits. That’s all crucial, but what people…
Delaying Social Security? Here’s 1 Thing You Need to Do
One of the biggest choices you have to make when it comes to your Social Security retirement benefit is when to start collecting. You can choose to receive it as early as age 62 and as late as age 70,…
To Win Back Older Voters, Democrats Talk Up Medicare and Social Security
Democrats are stepping up their appeals to older voters in the final stretch before the midterm elections, spurred by polls showing the party has regained some support lost in the Obama years. The question is whether they can narrow the…
Social Security reaps a windfall from undocumented workers
ONE OF the ironies of the challenging financial future faced by the Social Security Administration is this seldom-discussed fact: Undocumented workers contribute about $13 billion per year to the Social Security Trust Fund, and only get back a small fraction, adding a…
Ohio Medicare drug coverage prices to increase
Many Ohio seniors could end up paying more next year for their prescription drug coverage. More than half the Medicare Part D prescription drug plans available in the state — including this year’s cheapest option — are increasing monthly premiums in…
Stay On Track For Retirement The Easy Way
The big question hanging over the heads of most everyone over 40 is: “Will I ever retire?” An alarming number of people seem set on the notion that retirement will be optional, as if the work they’ve done for years always…