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Florida insurers retain millions of policyholder payouts
The state of Florida has put the squeeze on some of the nation’s biggest life insurance companies to hand over benefits from almost 96,000 unclaimed policies worth more than $75 million — money that might be yours. But the vast majority…
Rockeymoore leads Committee to Preserve Social Security and Medicare
“People of color rely heavily on Social Security and Medicare. Together, we will help our communities become forceful advocates, ensuring that our leaders understand how communities of color use these programs and how they can be modernized to meet the…
Budgeting for health care in retirement
While the precarious long-term financial health of the Social Security system gets most of the press, the Medicare system is on equally uneven footing. According to the latest report from the Social Security and Medicare Boards of Trustees, Medicare is projected to exhaust its…
There’s no such thing as ‘the center’
Over at the New York Times, Jonathan Martin has a front-page story titled, “Some Democrats Look to Push Party Away From Center.” The examples he gives are Elizabeth Warren looking to lower the interest rate on federally subsidized student loans…Read More …
What College Students Should Know About Retirement
College students and recent graduates face particular challenges in saving and planning for retirement. Daunting student loans, a still-uncertain job market and competition for jobs among fellow graduates may all seem far more pressing than a retirement decades down the…
Social Security: It pays to wait
With millions of boomers retiring or thinking about it, the big question is when to collect Social Security benefits. If people can hold off until full retirement age of 66 for those born from 1943 to 1954 or age 67 for…
To help end budget gimmicks, pass this bill
When it comes to addressing our growing national debt, there is no shortage of disagreement between the political parties in Washington. But there is one thing they should both agree on: to tell the truth about our nation’s growing fiscal…
Living too long is a risk!
Many people say they want to live a long time, but they don’t really understand the financial implications of that wish. If you don’t make the necessary monetary preparations for a long life, you could end up penniless and have…
SOCIAL SECURITY AND CHAINED CPI
Mr. Speaker, I have spoken to my constituents who are concerned about the viability of Social Security. They want big ideas and long-term solutions. Instead, there are solutions right now and proposals to switch to a chained CPI formula to…
How Boomers Can Maximize Their Social Security Benefits
I receive more questions about Social Security than any other topic I cover. Part of the reason is simply demographics: more members of the large baby boom generation are hitting the age when they become eligible for benefits. The other…