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Chains of a Chained CPI
A flawed policy initiative called the Chained CPI (Consumer Price Index) is gaining prominence in Washington budget talks that would shortchange Marylanders who receive federal benefits such as Social Security by lowballing their annual cost-of-living adjustments (COLAs). Chained CPI supporters are…
Will Social Security be gone when you retire?
Social Security benefits used to be counted on by all tax-paying workers. A portion of your pay would be deducted automatically from your paycheck, through the payroll tax, and in return, you would reap the benefits when you retired. For many…
Government Shutdown 2013: Here’s The Truth About What Will …
Here’s the truth about a government “shutdown.” The government won’t shut down if a dysfunctional Washington can’t pass a funding bill before the new budget year begins Oct. 1. Social Security payments will still go out on time. Doctors and hospitals will…
New House Bill Strengthens Social Security Benefits
While there’s a move to cut Social Security benefits through a so-called “chained” CPI and raise the retirement age, a bill introduced in the House this week goes in the other direction: it strengthens Social Security benefits. The Strengthening Social Security Act (H.R. 3118) introduced…
Social Security: You know where to find us
If you’ve read anything about Social Security in recent years, then you probably know that our most convenient office location is wherever you happen to be – thanks towww.socialsecurity.gov. Whether you’re on your home or office computer, or at the…
Why Seniors Should Say ‘No’ to Paying for the Medicare Doctor-Fix
Congress is floating a proposal that would require people covered by Medicare to fork over more of their money to the health care industry. Older Americans already spend, on average, 23 percent of their Social Security checks on Medicare Part B…
The truth: Government won’t shut down _ but default could delay benefit checks, troops’ wages
Here’s the truth about a government “shutdown.” The government doesn’t shut down. So the world won’t end if a dysfunctional Washington can’t find a way to pass a funding bill before the new budget year begins on Oct. 1. Social Security…
THIS COULD EXPAND SOCIAL SECURITY
Representative Linda Sanchez (D-CA) has just introduced a bill in the House that would expand Social Security benefits. HR 3118 is the House version of a Senate bill introduced by Iowa’s own Senator Tom Harkin. Read more. Notice: The…
How to Save Yourself From 3 Looming Retirement ‘Train Wrecks’
In a recent Morningstar interview, a noted investor warned that “the retirement system in the United States … is facing three train wrecks, all of which have to be fixed.” That chilling admonition came from John Bogle, founder of The Vanguard…
The Next Baby Boomer Trend: Survey Reveals Retirees Want Social Security Advice
As baby boomers reach retirement age, more want Social Security claiming advice and expect their financial planners to analyze the best Social Security strategies, according to a new survey by Social Security Timing in partnership with Qualtrics. “This shift in consumer demand clearly will…