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Keyword: socialsecurity

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  • Proposed Social Security disability changes could cut off disabled recipients

    01/14/2020 8:04:30 PM PST · by Tolerance Sucks Rocks · 67 replies
    The Pittsburgh Post-Gazette ^ | January 13, 2020 | Kate Giammarise
    A proposed change to federal disability assistance would result in millions of more case reviews, likely cutting off many disabled recipients, if the changes are enacted. The federal government is accepting public comments on the proposal until the end of January. Under the proposal, millions more reviews would be conducted and hundreds of thousands of people would have reviews more frequently. “We think the real intent of this is just to be a backdoor cut to the program,” said Jen Burdick, a supervising attorney with Community Legal Services of Philadelphia, who assists people applying for disability benefits. Anyone applying for...
  • Inspector General Warns Public About New Twist To Social Security Phone Scams

    01/13/2020 6:30:04 AM PST · by Red Badger · 7 replies
    Social Security Administration ^ | January 9, 2020 | by Tracy Lynge, Communications Director for the Office of the Inspector General
    The Inspector General of Social Security, Gail S. Ennis, is warning the public that telephone scammers may send faked documents by email to convince victims to comply with their demands. The Social Security Administration Office of the Inspector General (OIG) has received reports of victims who received emails with attached letters and reports that appeared to be from Social Security or Social Security OIG. The letters may use official letterhead and government “jargon” to convince victims they are legitimate; they may also contain misspellings and grammar mistakes. This is the latest variation on Social Security phone scams, which continue to...
  • How the 2010s Became the Decade of Debt

    01/08/2020 11:09:11 AM PST · by Tolerance Sucks Rocks · 13 replies
    The Daily Signal ^ | January 07, 2020 | David Ditch
    At the end of 2009, the total federal debt was $12.3 trillion—a staggering amount of money. Now, it stands at an astonishing $23.1 trillion. That’s roughly $180,500 of debt for every U.S. household. It is important for Americans to understand how we got here, and what lawmakers can do to bring back fiscal sanity. Poor Handling of the Financial Crisis The federal government entered the 2010s with sky-high annual deficits. This had two primary causes. First, the Great Recession reduced incomes and profits, which meant a sharp decrease in tax revenue. A slow economic recovery kept tax revenue relatively low...
  • Social Security is now just a year away from this scary milestone

    01/06/2020 7:48:26 AM PST · by SeekAndFind · 79 replies
    The Motley Fool ^ | 01/06/2020 | Dan Caplinger
    2020 is here, and many people are excited about starting a new decade. Yet for those who watch Social Security's financial condition, New Year's Day just means we're a year closer to the challenges facing the key government program.This year is likely to be the last one that Social Security manages to keep its spending under a key psychological level. Starting in 2021, the amount of money that the Social Security Administration spends on benefits for retirees and survivors of retired workers will exceed $1 trillion for the first time -- and that's just the beginning of an upward surge...
  • What's the Difference Between Retirement in Canada and America?

    12/12/2019 8:08:29 AM PST · by SeekAndFind · 50 replies
    Investopedia ^ | 12/12/2019 | BY ARTHUR PINKASOVITCH
    Retirement in Canada vs. America: An Overview American and Canadian governments provide many of the same types of services to those planning for retirement and those who have retired. Overall, however, Canadian retirees find life after work to be much less stressful, as fears of running out of money are not as prevalent as they are in the U.S.—fears that drive some American retirees to find ways to supplement their retirement incomes. Key Takeaways Canada and America both allow citizens to have tax-advantaged retirement accounts: the Canadian RRSP and TFSA, similar to the American Traditional IRA and Roth IRA,...
  • Ex-Chicago police commander spared prison for collecting dead mom’s Social Security checks for years

    12/03/2019 2:09:00 PM PST · by csvset · 103 replies
    Chicago Tribune ^ | 3 Dec 2019 | Jason Meisner
    A former Chicago police commander once considered a rising star in the department was spared federal prison Tuesday for pocketing more than $360,000 in Social Security payments intended for his mother that he continued to collect for nearly 25 years after her death. U.S. District Judge Manish Shah sentenced Kenneth Johnson to two years of probation and ordered him to serve the first six months in community confinement, likely at the Salvation Army. . In handing down the sentence, U.S. District Judge Manish Shah said Johnson’s decision to betray the public’s trust was “infuriating.” “How many times (as a police...
  • Social Security vs private retirement (Vanity)

    12/01/2019 7:38:38 AM PST · by rey · 38 replies
    1 December 2019
    I remember seeing a couple of sites/articles on how if one were to pay the same amount into a private retirement fund or annuity investment how much more one would get in return than they would from social security. Can someone help locate such a site/article? Thanks.
  • Mayor Pete’s Senior Vote Plan: He wants government everywhere—including a public option 401(k).

    11/30/2019 5:03:31 AM PST · by karpov · 18 replies
    Wall Street Journal ^ | November 29, 2019
    [Buttigieg's plan would] • Expand Social Security with “a new special minimum benefit of 125 percent of the federal poverty line for any senior who has worked at least 30 years.” Unpaid caregivers of any “child, elderly, or disabled dependent” would be “awarded credit toward Social Security benefits” as if working for pay—applied in some cases “retroactively by five years.” Mr. Buttigieg doesn’t say what these additions would cost, but Social Security is on track to go broke as it is. The program is expected to pay more in benefits than it raises in taxes next year, and this funding...
  • Buttigieg proposes public 401(k) option

    11/28/2019 9:30:37 AM PST · by karpov · 80 replies
    Think Advisor ^ | November 25, 2019 | Melanie Waddell
    Democratic presidential candidate Pete Buttigieg, the mayor of South Bend, Indiana, released Monday a new proposal for a public 401(k) option as a companion to his health care proposals. Buttigieg “is proposing to create a government-run 401(k) plan that would be attached to Social Security,” said Brian Graff, president and CEO of the American Retirement Association in Washington. “Similar to his health insurance proposal, employers with existing defined benefit plans would be able to keep those plans,” Graff explained. “Employers with existing defined contribution plans would be able to keep their plans as long as they met minimum requirements including...
  • Pete Buttigieg Announces Plan to Raise Taxes on Social Security for Some Seniors

    11/25/2019 10:43:08 AM PST · by ChicagoConservative27 · 124 replies
    Breitbart ^ | 11/25/2019 | Charlie Spiering
    Mayor Pete Buttigieg wants to raise taxes on the more wealthy Social Security earnings, as part of a plan to save it from bankruptcy, according to a plan released Monday. Buttigieg announced individuals earning above $250,000 (Families earning over $500,000) would face higher Social Security taxes if he is elected president.
  • YOU Are The Slave Property Of A Corporation Called The United States Of America

    11/24/2019 7:02:30 AM PST · by Enlightened1 · 24 replies
    Banned Video ^ | 11/12/19 | Mike Adams
    Thought provoking...  Now you know how the Fed prints money.  
  • Warren Mocked for Hyping New Liberal Cause: Justice for Millionaire Taylor Swift

    11/19/2019 9:54:23 AM PST · by PJ-Comix · 17 replies
    Newsbusters ^ | November 19, 2019 | P.J. Gladnick
    Justice for Taylor Swift! Yeah, now that's a cause that your average working American can get behind. And it is also a cause taken up by presidential candidate Elizabeth Warren which has resulted in widespread mockery. Okay, the mockery hasn't quite reached the levels inspired by the reaction to her hyping of a DNA test last year that revealed that Warren is maybe 1/1024 Native American but it is up there. Warren tweeted her support for Swift in the multi-millionaire's contractual dispute with other millionaires that we should somehow care about as reported by Variety on Saturday in, "Elizabeth Warren Backs...
  • Elizabeth Warren Signals She Would Consider a Universal Basic Income

    11/19/2019 6:01:43 AM PST · by ChicagoConservative27 · 91 replies
    Breitbart ^ | 11/18/2019 | Hannah Bleau
    Sen. Elizabeth Warren (D-MA) signaled that she is open to a universal basic income – an idea that has been championed by fellow presidential contender Andrew Yang (D). Warren expressed her willingness to consider a UBI, which quite literally amounts to the government handing individuals and families a “basic” income per month regardless of employment or income status, in a Washington Post survey that asked, “Should the federal government pay a universal basic income to every American adult?
  • The Stop Warren Primary - Greenfield

    11/19/2019 9:03:59 AM PST · by Louis Foxwell · 8 replies
    FrontPage Magazine ^ | Tue Nov 19, 2019 | Daniel Greenfield
    The Stop Warren Primary Democrats reap the radical disaster they sowed. Tue Nov 19, 2019 Daniel Greenfield 37 Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is an investigative journalist and writer focusing on the radical Left and Islamic terrorism. The Democrat 2020 primaries started around stopping Trump, now they’re about stopping Warren. Senator Elizabeth Warren has the worst poll performance of any of the front runners. She’s radical, abrasive, and she’s alienating the money people whom the Democrats need to win national elections. Too bad that Warren is exactly what they deserve. Radical parties get radical nominees....
  • The Most Important Social Security Chart You'll Ever See

    11/16/2019 3:43:24 PM PST · by Openurmind · 169 replies
    The Motley Fool ^ | Nov 16, 2019 | Kailey Hagen
    One of the most important decisions you'll have to make as you approach retirement is when to start Social Security benefits. The soonest you can begin claiming is 62, which remains the most popular age to start. It's not necessarily the wrong choice -- you'll still get a sizable amount of money over your lifetime -- but it might not be the best option if you're interested in maximizing your benefits. Here's a closer look at how the age you begin Social Security affects the size of your checks.
  • How Democrats Would Tax High-Income Professionals (Not Just the Mega-Rich)

    11/19/2019 7:17:13 AM PST · by karpov · 43 replies
    New York Times ^ | November 19, 2019, | Neil Irwin
    ... This year, American workers and their employers owe a combined 12.4 percent on Social Security payroll taxes for income up to $132,900 (rising to $137,700 in 2020). They owe nothing on earnings above that level. Some Democrats in the thick of the presidential race and on Capitol Hill now seek to change or eliminate that cap — potentially placing a new double-digit tax on high earners, with several plans focusing on earnings above $250,000. ... The result would be a large tax increase on high earners, even before other changes a Democratic administration might contemplate, such as increasing income...
  • Prescott and Ohanian: Taxes Are Much Higher Than You Think

    12/12/2012 6:36:19 AM PST · by SeekAndFind · 3 replies
    Wall Street Journal ^ | 12/12/2012 | By EDWARD C. PRESCOTT AND LEE E OHANIAN
    President Obama argues that the election gave him a mandate to raise taxes on high earners, and the White House indicates that he won't compromise on this issue as the so-called fiscal cliff approaches. But tax rates are already high—much higher than is commonly understood—and increasing them will likely further depress the economy, especially by affecting the number of hours Americans work. Taking into account all taxes on earnings and consumer spending—including federal, state and local income taxes, Social Security and Medicare payroll taxes, excise taxes, and state and local sales taxes—Edward Prescott has shown (especially in the Quarterly Review...
  • Medicare Executive Order Maximizing Freedom for Patients & Providers

    10/09/2019 12:31:52 PM PDT · by grumpygresh · 23 replies
    Citizens' Council for Health Freedom ^ | 10/09/19 | Twila Brase, RN
    It is estimated that 10,000 baby boomers enter Medicare every day. With Medicare six years from insolvency, seniors need the freedom to opt out of Medicare and into private coverage without losing their Social Security benefits.
  • Warren’s Profligate Sop to Seniors

    09/25/2019 7:39:03 AM PDT · by karpov · 15 replies
    Wall Street Journal ^ | September 24, 2019 | John F. Cogan
    It’s a strange campaign season, loaded with fantastical promises of government handouts for health care, college and even a guaranteed national income. But Sen. Elizabeth Warren ’s Social Security plan takes the cake. With trillion-dollar federal budget deficits and Social Security heading for bankruptcy, Ms. Warren proposes to give every current and future Social Security recipient an additional $2,400 a year. She plans to finance her proposal, which would cost more than $150 billion annually, with a 14.8% tax on high-income individuals. If Franklin D. Roosevelt were alive, he’d surely wonder why anyone calling herself a Democrat would want to...
  • Your Social Security checks could get bigger next year - Here’s how much

    09/13/2019 6:38:24 AM PDT · by zeestephen · 33 replies
    CNBC ^ | 12 September 2019 | Lorie Konish
    Social Security benefits could get a 1.6% cost-of-living adjustment in 2020, according to one new estimate. The Social Security Administration is expected to officially announce its cost-of-living adjustment in late October...Meanwhile, Medicare Part B premiums are expected to increase to $144.30 per month in 2020 from $135.50 this year, according to estimates from Medicare trustees.