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Money Pros: How to avoid the financial risks that come with longevity
The Money Pros are standing by to take your questions. Q. People are living longer these days. I want to make sure I will have enough money for a comfortable retirement. What should I be thinking about? A. Individuals are living longer,…
June 28 Our View: Another victim of sequestration
Investigators from the House Oversight and Government Reform Committee say Social Security is approving disability benefits at strikingly high rates for people whose claims were rejected by field offices or state agencies. Adding to the problem, the agency often fails…
Working boomers need to cut disability risk
More Americans say that one piece of their retirement-savings plan is to keep working and to delay retirement. But all too often a health crisis or illness blows a big hole in that idea. The bad news? Older workers have…
House investigators: Disability judges are too lax
Social Security is approving disability benefits at strikingly high rates for people whose claims were rejected by field offices or state agencies, according to House investigators. Compounding the situation, the agency often fails to do required follow-up reviews months or…
BBB: Elder abuse can come in form of scams
The combination of Social Security income and a lifetime of savings and investment plans can put seniors on the radar of scammers. Factor in the value of their homes, often paid off by the time they reach retirement age, and…
The new retirement: It’s later now
For many Americans the concept of a traditional retirement, 30 or more years of leisure after a productive career is neither realistic nor appealing. Increased life expectancy, better health and the desire to remain active and productive into their 70s, 80s…
A snapshot of key issues in Mass. US Senate race
Republican Gabriel Gomez and Democrat Edward Markey have staked out positions on a range of issues throughout the state’s special U.S. Senate campaign, offering different views on many topics while essentially agreeing on others. Here’s a snapshot of the candidates’ positions…
Why is the federal debt so understated?
Why are the U.S. Treasury liabilities for moneys owed to the various trust funds not included in the U.S. national debt? Or, putting it another way, why is the U.S. national debt extremely understated? Read more…
Would immigration ‘amnesty’ help Social Security?
The Center for American Progress has released a report by Adriana Kugler, Robert Lynch, and Patrick Oakford arguing that legalizing undocumented immigrants will generate significant benefits for Social Security’s financing. According to SSA, about half of undocumented immigrants currently pay payroll taxes, using…
While you weren’t looking, Obama still pushing for chained CPI Social Security cuts
Much of the news in the past couple of months concerning the White House has focused on the various IRS and AP controversies, as well as Obama’s approval of NSA snooping. But don’t worry — Obama still very much wants…