seniors
Retirement has always been fragile for low-income workers
An analysis by the U.S. Government Accountability Office found: “Only 1 in 10 low-income workers between the ages of 51 and 64 had any funds put away for retirement.” The study also found while poor workers lost ground, high-income workers…
There is plenty of concern about Social Security among current retirees.
The Social Security program is vital to many Americans who depend on it in retirement. However, the Social Security Trust Fund reserves are running out of money. When that happens, Social Security will only be able to pay about 80…
Making an informed choice about when to claim Social Security
Starting your Social Security retirement benefits is an important step on your retirement journey. The Social Security Administration reports: Elderly Social Security beneficiaries, 12 percent of men and 15 percent of women, rely on Social Security for 90 percent or…
The retirement gap
One question facing American workers is: How much do I need to save for retirement? According to the latest survey from Charles Schwab, the average amount participants said they would need to retire comfortably is $1.8 million. Compared to the…
AI may make fraudulent schemes easier and faster to execute
Elon Musk said, “While AI has tremendous potential to transform industries, we must not forget the impact it could have on society and must work to mitigate potential risks.” The risk is here now. The Social Security Administration Office of…
Guiding an Improved Dementia Experience
The Centers for Medicare & Medicaid Services (CMS) announced its new dementia care model. The model, Guiding an Improved Dementia Experience or (GUIDE), will be tested by the CMS Innovation Center as part of an initiative for Increasing Access to…
Common misconceptions about how Social Security benefits are calculated
Among Social Security beneficiaries, 37 percent of men and 42 percent of women receive 50 percent or more of their income from Social Security. Among elderly Social Security beneficiaries, 12 percent of men and 15 percent of women rely on…
How Do Dual-Eligible Individuals Get Their Medicare Coverage?
(By Maria T. Peña, Maiss Mohamed, Jeannie Fuglesten Biniek, Juliette Cubanski, and Tricia Neuman for Kaiser Family Foundation Published: Jul 31, 2023) Medicare and Medicaid provide health coverage to 12.5 million individuals who are enrolled in both programs, known as…
Top 10 best states to retire in
When you picture your retirement, is it full of swaying palm trees and tropical breezes? However, you may be changing your mind based on the latest Bankrate study on the best state to retire to. Every year Bankrate looks at…
Will Anticipated Voter Turnout Dictate the Future of Social Security Reform?
In analyzing the Social Security reform positions taken by President Biden and former President Donald Trump, Frank Gunter (professor of economics at Lehigh University) speculates that their priorities for resolution of the steadily progressing deterioration of the program’s finances would sacrifice…