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YOUR MONEY-A money guide for fiftysomethings
Is it too late to save for retirement when you’re 50 or older? When should you start taking Social Security? These are some of the questions Carrie Schwab-Pomerantz, president of the Charles Schwab Foundation and member of the President’s Advisory Council on Financial…
Study: Record Number of Women Receiving Disability Payments
A record number of women are receiving Social Security disability payments as females have steadily outpaced new male recipients since 2000, new research shows. Women made up about 29 percent of all workers on disability in 1970. By 2000, that number…
The Retirement Apocalypse Isn’t Coming
Grandma’s much anticipated Arctic cruise becomes a slow drift away on an ice floe. Grandpa mortgages his kidneys to pay for a new heart. Social Security is deader than disco. That bleak vision is only a slight exaggeration of the retirement…
How Disability Is Represented in Theater
At the end of my junior year I began doing work with a group on campus called Wesleyan Students for Disability Rights (WSDR). Although I had never considered myself an activist, my work in my American Sign Language class inspired…
Retirement Savings on the Rebound, Research Shows
401(k) account balances have gone up 93 percent, nearly double since the economic downturn in 2009 according to the latest research from the Principal Financial Group(R) . While much of the increase reflects a rebounding market, the study found a…
Medicare intends to penalize hospitals for giving followup care to seniors
Medicare has announced plans to penalize 2,633 hospitals for giving followup care to seniors, even if the care was appropriate. Northwestern Memorial in Chicago is the largest hospital in Illinois. It did 1,651 elective hip and knee replacements for Medicare in 2009-2012, and…
Tax consequences of disability insurance
As I lay here in a bed at the Cleveland Clinic with a surgically repaired broken femur I am wondering about the tax consequences of any disability insurance coverage that may be in place. Yes, Memorial Day weekend will be one…
Social Security Administration Annual Small Business Procurement Conference
The Social Security Administration will host the seventh annual Small Business Procurement Conference at agency headquarters in Baltimore, Maryland. The conference is Thursday, June 12, 2014 from 9:00 am to 2:00 pm. Our theme is “Suppporting Those Who Served: Engaging…
We Can Do Better For Mothers: 3 Ways To Shore Up Financial Security
Like so many Americans, I spent time with my mom on Mother’s Day. Now 83, she is in a nursing home. She spent the last of her savings in less than a year to pay for the nursing care that…
Exclusive: Medicare on drugs: 24000 tests for 145 patients
Three Connecticut doctors billed Medicare for nearly 24,000 drug tests in 2012 – on just 145 patients. Despite the extraordinary number, Medicare administrators paid the doctors a total of $1.4 million, according to a Reuters analysis of government payments to…