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Mike Johnson comments on Medicare and Social Security
House speaker Mike Johnson has said the GOP is focused on cutting taxes and improving the federal government’s finances. He also stated that Medicaid, Medicare or Social Security cuts are not part of the recently passed budget. Mandy Tahen for…
A Primer on Collecting Social Security Benefits
You can start collecting Social Security benefits at 62, but it will be 30% lower than if you waited until your Full Retirement Age. For anyone born in 1960 or later your Full Retirement Age is 67. On the other…
Official Press Release on Social Security Savings
Mark Hinkle, Press Officer for Social Security explains how Social Security has identified hundreds of millions of dollars in savings here… Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for…
There’s a New Bill in Town
The Social Security Expansion Act aims to change the COLA adjustment calculation from the CPI-W to the CPI-E, which is more in tune with Senior Citizens expenses. It also proposes the Social Security payroll tax be applied to additional earnings…
Gen X Workers – What to Know about Social Security before Retirement
Those born between 1965 and 1980 are next in line for reaching Social Security benefit eligibility. Kaley Hagen writing for The Motley Fool, published by USA Today explains important points here… Notice: The link provided above connects readers to the full…
Are Cuts to Social Security Part of the New Budget Bill?
House Speaker Mike Johnson says no. The GOP is focused on cutting taxes and improving the government’s finances. Social Security is going to be restructured because DOGE has uncovered “enormous amounts of fraud, waste and abuse” in the program. This…
Looking Hard at Social Security Reform
This article by J.D. Tuccille for “reason” explains some tough moves that could change Social Security. Read here… As an example of the leading thoughts on reforming Social Security, the Association of Mature American Citizens (AMAC, Inc.) believes Social Security must…
One Way to Improve Social Security Solvency
Ending the Retirement Earnings Test, which places a limit on how much you can earn if you take your Social Security benefits before your Full Retirement Age, would be one strategy to improve solvency. While the purpose of the Depression-era…
Medicare telehealth coverage could expire
For many seniors, during the Covid-19 pandemic, the expansion of Medicare telehealth was a godsend. However, the Medicare telehealth expansion will expire on March 31st if Congress fails to act. To read Bracey Harris’ report on this issue, click here…
Possible reorganization of the Social Security Administration?
The Social Security Administration, with staff levels at a 25-year low, announced a “massive” reorganization, with “significant” job cuts. The Administration said, “wholesale abolishment of organizations and positions could happen, as well as reassignments and staff cuts.” How will this…