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Unable To Afford Retirement, More Americans Opt For ‘Partial Retirement’
In the wake of the Great Recession and snail-paced economic recovery, some of the worst-hit have been those close to retirement age. A study by University of Michigan finds that more Americans are becoming partial retirees, where those close to retirement age…
Medicare Plans Cutting Docs to Save $$
Medicare managed care plans are dropping doctors from their networks in an effort to improve their star ratings and save money, financial analysts said here. Some Medicare Advantage plans — particularly UnitedHealthcare in the Northeast — are cutting thousands of doctors from their…
Do You Know When Will Your Retirement Funds Will Run Out?
Do you have any idea when will your retirement run out? Most people with a retirement account probably cannot give a definite answer. Part of planning for retirement is calculating how long you can comfortably survive based on your retirement…
Aging Baby Boomers And Higher Health Care Costs To Impact Long-Term Care
University of California, Berkeley researchers state in a new study that an unprecedented increase in seniors over the next decade could nearly double Medi-Cal long-term care costs, from $6.6 billion to $12.4 billion annually by 2023. Read more… Notice: The “Read more…” link provided…
Paul Krugman: Expanding Social Security
For many years there has been one overwhelming rule for people who wanted to be considered serious inside the Beltway. It was this: You must declare your willingness to cut Social Security in the name of “entitlement reform.” It wasn’t…
Potential Medicare Cuts Impact Patients With Kidney Disease
The Centers for Medicare & Medicaid Services (CMS) are proposing cuts that will have a devastating impact on low income American families. If you or someone in your family has been diagnosed with Chronic Kidney Disease (CKD) or End Stage Renal Disease…
Doing nothing on Social Security isn’t responsible
Sen. Mark Pryor released an ad last week criticizing his opponent, Rep. Tom Cotton, for a number of votes related to Social Security and Medicare, including raising the eligibility age to 70 starting in 2024. The ad says Pryor instead…
The Elusive Retirement Finish Line
In any good-sized group of those who are still working, if you ask people when they will retire, a number likely will respond “a couple of years after I had hoped” and a few will say “probably never.” That’s in part…
Under Obama: Disability Trust Fund Runs Record 5 Straight Yrs of Deficits
In the fourteen fiscal years that preceded President Barack Obama’s inauguration in 2009, the tax receipts coming into the federal government’s Disability Insurance Trust Fund exceeded the benefits paid out, and the trust fund ran a surplus. Read more… …
No, Social Security does not increase the deficit!
The American people love Social Security, and with good reason. It protects seniors and the disabled from poverty, and it is the most important life and disability safeguard available to the nation’s 75 million children. The program is a bargain:…