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Social Security
The Social Security Administration’s Office of the Chief Actuary has issued updated disability and death probability tables. “Disability and Death Probability Tables for Insured Workers Born in 1995” is based on the intermediate assumptions of the 2015 Trustees Report.The report presents estimates...
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Several weeks back, I wrote a column entitled, “5 Things Millennials Need to Know About Saving for Retirement.” But what about those at the brink of retirement?Retirement seems close — perhaps too close for the comfort of Boomers, some of whom have already begun cycling into retirement. In fact,...
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The Social Security Administration and the IRS have issued the Fall 2015 edition of their joint online newsletter, the SSA/IRS Reporter, This edition includes information on issues related to retirement plans and compliance.The newsletter provides links to information on the following recent...
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There will be no cost-of-living adjustment (COLA) for Social Security this year — a precursor of what can be expected for retirement plan contribution and benefit limits.It's just the third time in 40 years that those Social Security payments will remain flat. All three times have come since 2010....
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One of the important sources of retirement income is seriously misunderstood — Social Security. According to a survey conducted by AARP, (reported in August 2015) the Social Security benefit, overall represents roughly 38% of the income of senior citizens. For many, the benefit represents over half...
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“Have we got a crisis, or merely a series of hard problems?” That question, posed by American Enterprise Institute Resident Fellow Alex Pollock at a July 15 discussion at AEI’s Washington, DC offices, captured the ultimate issue the expert panel addressed.Charles Ellis, founder of Greenwich...
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The Social Security Administration (SSA) has announced that it has adopted a final rule that revises its government pension offset (GPO) regulations. The rule will be effective on July 15. The final regulations are a revision of the language of a notice of proposed rulemaking (NPRM) the SSA issued...
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Proposals in New England neighbors Connecticut and Rhode Island would give their respective residents breaks from state taxes imposed on their pensions. Bills have been introduced in the legislatures of both states that would provide different degrees of relief: some would phase in a tax break;...
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