Obama’s 2016 Budget Challenges Republicans on Social Security Rule
President Obama released his 2016 budget on Monday, and one line item challenges a Social Security rule tweak passed by Republicans last month.
In January, Congress passed a rule that ...
Decrease Your Tax Bill With the Retirement Saver’s Tax Credit
Low or moderate-income workers in the process of saving for retirement could be in line for a tax credit they didn’t even know about.
The credit is called the Retirement Savings ...
Saturday Marked the 75th Anniversary of the First Monthly Social Security Check
Last Saturday (January 31) marked the 75th anniversary of the first monthly Social Security check.
The first check was sent out on Jan. 1, 1940, to a retired schoolteacher named Ida ...
New Orleans Pension Officials Consider Benefit Cuts
The board of the New Orleans Municipal Employees Retirement System (NOMERS) – the city’s largest public pension fund – is considering a series of cost cutting measures, some ...
Bill In Congress Would End Federal Social Security Taxes, But It May Not Get Very Far
A bill in Congress, titled the Senior Citizens Tax Elimination Act, would eliminate federal taxation of Social Security benefits.
Specifically, the bill would change IRS code to no ...
Milwaukee County Pensioners May Not See Reduced Benefits After All
Last week, OpenRetirement covered the story of Milwaukee County pensioners who were facing benefit reductions because they had previously taken government advice that led to pension ...
Video: Can You Save Too Much For Retirement?
Here’s a discussion between Michael Finke and David Littell that dives into an interesting question: Can having too much money become a burden during retirement?
Michael Finke is ...
Nebraska Retirees Ask Lawmakers to Consider Social Security Tax Break
Retirees are telling Nebraska lawmakers that the state’s tax burden is too high, and additional tax cuts may be necessary to keep seniors from fleeing the state during retirement.
One ...
Inside The Proposed Changes to Military Retirement Benefits
The Military Compensation and Retirement Modernization Commission has spent the last two years drawing up policy proposals to decrease the cost of military benefits, including retirement ...
Bruce Rauner Has Softened His Stance on Pension Cuts. Where Does He Stand Now?
When talking pensions on the campaign trail early in 2014, Bruce Rauner said that new hires, current workers and retirees all would need to be on the receiving end of pension benefit ...
