Congressman Proposes Rule To Bar Use of Social Security Retirement Fund In Bailout of Disability Fund
There are two major trust funds administered by the Social Security Administration: the Old Age and Survivors Insurance fund (also called the “retirement fund”), which pays out ...
What You Need to Know About Social Security Changes in 2015
The New Year has ushered in a few tweaks to Social Security – including a COLA, an increase in the taxable earnings cap and more.
What changes are coming? US News explains:
Social ...
Retirees Beware of New Frontier of Cuban Investment Scams
The United States has renewed diplomatic ties with Cuba. This development opens up many legitimate opportunities to invest in Cuba – but it also opens the door for scammers to entice ...
Here’s What Cincinnati’s Pension Reform Deal Means for Retirees and Current Workers
Cincinnati’s pension deal, struck last week, is widely considered to be a true compromise: no one is particularly happy with the outcome and every party made sacrifices as part of ...
Second Group of Workers Sue Chicago Over Pension Cuts
A second lawsuit has been filed against Chicago, challenging the pension cuts passed by the state this year.
The pension changes raise contribution rates for employees and employers, ...
Bernie Sanders Appointed As Ranking Member of Budget Committee — Here’s What It Could Mean For Social Security in 2015
We found out last month that Bernie Sanders, the Independent Senator from Vermont, will be the ranking member on the Senate Budget Committee in 2015.
The ranking member is the second-most ...
The BBB is Warning Consumers About These Three Popular Scams
The Better Business Bureau is warning consumers about three scams that were very popular in 2014 – and are likely to be go-to choices of scammers in 2015, as well.
The three scams:
Scam ...
North Carolina Pension Changes Go Into Effect Jan. 1
Two big pension changes are coming to North Carolina in 2015.
As of January 1, 2015, highly paid government workers in North Carolina will no longer be allowed to boost their pension ...
Cincinnati Strikes Pension Deal — Here’s What It Means For Benefits
After nearly a year of negotiations, Cincinnati and its public workers have reached an agreement that aims to increase the sustainability of the city’s pension system.
The city will ...
Dispelling the Myth: For Many, Retirement Doesn’t Mean Lower Taxes
In a recent column, wealth manager Montgomery Taylor (CPA, CFP) has a simple message for soon-to-be retirees: don’t assume your tax burden will fall when you enter retirement.
Taylor ...
