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11/4/2013 - Older voters nix Social Security cuts

by on November 4, 2013 7:35 pm
As headlines go, it’s approaching “Dog Bites Man” territory, but it’s a story worth citing all the same as an illustration of the obstacles facing any effort to put Social Security on sounder financial footing. In an Associated Press-NORC Center for Public Affairs poll, most voters aged 50 and over opposed any changes to the retirement… Read more 11/4/2013 - Older voters nix Social Security cuts
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11/4/2013 - Will Social Security run out of money?

by on November 4, 2013 7:25 pm
Social Security is not in financial trouble, at least not under the current laws that govern the retirement program. That’s the unequivocal answer from Steve Goss, chief actuary for the Social Security Administration, who spoke recently about Social Security’s funding challenges at the annual meeting of the Society of Actuaries in San Diego. But what… Read more 11/4/2013 - Will Social Security run out of money?
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11/4/2013 - Will Social Security run out of money? (MoneyWatch)

by on November 4, 2013 7:15 pm
Social Security is not in financial trouble, at least not under the current laws that govern the retirement program. That’s the unequivocal answer from Steve Goss, chief actuary for the Social Security Administration, who spoke recently about Social Security’s funding challenges at the annual meeting of the Society of Actuaries in San Diego. Read the… Read more 11/4/2013 - Will Social Security run out of money? (MoneyWatch)
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11/3/2013 - How much are we willing to pay for the pursuit of happiness? (LA Times)

by on November 4, 2013 7:14 pm
Research by Notre Dame political scientist Benjamin Radcliff suggests that social programs produce a happier population. Read the full article at  Los Angeles Times.
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11/3/2013 - Politics Poll: Older Americans Nix Social Security Changes (ABC News)

by on November 4, 2013 7:13 pm
Raise the age at which you can begin collecting full Social Security benefits? Older Americans say no. They also veto reductions in the cost-of-living increase. But a poll finds support among those 50 and older for raising the cap on earnings that are taxed to fund the Social Security program so higher-income workers pay more.… Read more 11/3/2013 - Politics Poll: Older Americans Nix Social Security Changes (ABC News)
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10/31/2013 - Column: Can expanding Social Security solve the retirement crisis? (Reuters)

by on November 1, 2013 9:18 pm
I asked a financial services executive recently how our retirement saving system can be considered a success, considering that all but the highest-income households are approaching retirement with next to nothing saved. His reply: “They don’t have any money while they’re working, so why would they have any money in retirement?” Read the full article… Read more 10/31/2013 - Column: Can expanding Social Security solve the retirement crisis? (Reuters)
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11/1/2013 - First It's Aging Parents And Now Boomer-Aged Siblings

by on November 1, 2013 7:59 pm
“The phone call came in the morning.  The caller identified herself as a nurse at a familiar hospital.  It felt as if my heart stopped when she said that my brother was in ICU with a massive stroke.” Read the full article at Forbes.
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10/31/2013 - The Myth That Baby Boomers Are Stealing Jobs (U.S. News & World Report)

by on October 31, 2013 6:57 pm
Policymakers can boost income and payroll tax revenue by taking steps to facilitate longer working lives – for example, by changing the structure of Social Security and Medicare so that they stop punishing work at older ages. Some have objected to such recommendations, arguing that older workers who stay on the job longer make it… Read more 10/31/2013 - The Myth That Baby Boomers Are Stealing Jobs (U.S. News & World Report)
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10/30/2013 - Arguments Over Social Security Pit Old Vs. Young (NPR)

by on October 31, 2013 6:52 pm
Congress has until Jan. 15 to come up with another spending plan. As they negotiate, one thing you’ll hear a lot about is overhauling entitlement programs — particularly Social Security. The program accounts for about 20 percent of federal spending. One argument in favor of cuts is that Social Security amounts to a huge transfer… Read more 10/30/2013 - Arguments Over Social Security Pit Old Vs. Young (NPR)

10/31/2013 - Why You Want to Hire Older Workers

by on October 31, 2013 6:46 pm
Laura Carstensen, director of the Stanford Center on Longevity. Dr. Carstensen points out that while older workers’ cognitive processing declines with age, their knowledge increases, particularly within a particular skill set. She also notes that older workers also tend to be happier and more emotionally stable. Happy, stable and knowledgeable workers…what’s not to like? Read the… Read more 10/31/2013 - Why You Want to Hire Older Workers