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Calculating the financial impact of working longer
Often clients and friends who are baby boomers ask me: “How much longer do I have to keep working?” This is a familiar question, as baby boomers who once thought retirement was right around the corner now see it as way…
Baby boomers generally oppose changing the rules on Social Security
Baby boomers could be affected by the outcome of budget talks underway again in Washington, because in the interest of saving Social Security, those talks could change some of the rules; current projections have Social Security going dry in 20…
House Ways and Means Committee Misleads Hill on Chained CPI
The House Ways and Means Committee added another chapter to its epic misinformation campaign to sell chained CPI to Congress, the media and general public as the basis for Social Security cost-of-living adjustments (COLAs). It sent a press release to all Hill…
Paying for retirement
The year 2033 is marked on government calendars as the year when funding for Social Security will no longer meet obligations for full service. Either more money will be needed, or benefits will have to be cut by at least…
Congress duped us on entitlement benefits
Last week’s column, “Is There a Way Out?”, generated quite a few responses, some a bit angry. Some people were offended by my reference to Social Security and Medicare as entitlements or handouts. They said that they worked for 45…
Disabled? Social Security can help
If you are disabled and you’re no longer able to work, you should learn how Social Security can help you. Disability is something most people do not like to think about; however, the unfortunate reality is this: the chances that…
The House GOP dials a wrong number on the chained CPI
We’ve documented how the chained CPI–that new and supposedly “more accurate” inflation index that deficit hawks want to impose on Social Security–is really just an unwarranted benefit cut for the elderly. That’s because it consistently delivers a lower inflation reading than…
Pittsburg residents voice frustration to Social Security officials
Social Security Administration workers met with Pittsburg residents who are concerned about the Social Security office in Pittsburg closing. The Pittsburg office will consolidate with Joplin’s office. Administration officials say the Pittsburg Social Security building is too expensive to maintain. But…
Women And Retirement Savings
Planning and saving for retirement may seem like goals that are far in the future. Yet saving, especially for retirement, should start early and continue throughout your lifetime. Here are four reasons why saving matters to women – and especially…
New Social Security Poll Shows Little Appetite for Grand-Bargain
Lurking in the background of the budget battles between President Obama and the Republican-controlled Congress in recent years has been this idea that if the two sides could come together on a “grand bargain” to lower taxes, reduce spending and…