How would GOP’s Medicare “modernization” proposals affect enrollees?

Not much was said during the presidential election about Medicare reform, but “modernization” of one of our most critical retirement programs is on the agenda in Washington. The term applies to a basketful of reform ideas long favored by Republicans. But if Medicare modernization moves forward next year, it will set in motion a long-term […]

Younger Americans embrace value of unbiased financial advice

Newly empowered Republicans in Washington are not retreating from their battle to overturn a new regulation that protects retirement savers from conflicted investment advice. But for the public, the battle is winding down – and the regulators are winning. New research shows a surge in the number of investors who understand the value of paying […]

Older Americans at risk as Congress takes ax to Obamacare

Anyone nearing retirement – or already retired – should pay very close attention to the doings of the 115th Congress that was sworn in this week. Repeal of President Barack Obama’s Affordable Care Act (ACA) tops the agenda for Republicans, who will control the White House as well as both houses of Congress when Donald […]

Heading off a housing crisis for an aging America

Debates about improving America’s infrastructure typically focus on projects like bridges, roads, railroads and power grids. But with President-Elect Donald Trump calling for $1 trillion in infrastructure spending over the next 10 years, here is an item that should be added to that list: affordable housing for seniors. By 2035, one of every three U.S. […]

Don’t forget the RMDs – a yearend mistake that can cost retirees big bucks

Ed Slott is one of the nation’s top experts on IRAs. But a couple of years ago, someone near and dear to him neglected to take a required minimum distribution from one of her individual retirement accounts. “It happened to my mother,” Slott admitted with a laugh – an ironic story for someone who has […]

How part-time work hurts retirement security for millennials, minorities

The Great Recession took any number of wrecking balls to the retirement security of American workers, including wages and pension benefits, home equity and savings. But one of the less understood areas of hurt continues to this day: part-time work. The recession pushed the U.S. part-time labor force to 20.1 percent in January 2010 from […]

Retirement investors not hitting post-election panic button

Emotion can drive investor behavior – and feelings are in overdrive following last month’s election.Across the United States, the mood ranges from a state of mourning to euphoria, depending on one’s political views. But retirement investors are not hitting the panic button in the wake of the Nov. 8 election. The Vanguard Group reports that […]

Federal lawsuit targets housing discrimination against LGBT seniors

A wide array of research has documented continuing housing discrimination against older lesbian, gay, bisexual and transgender people. For example, a survey of LGBT adults living in long-term care settings by Justice in Aging, a legal advocacy group, found that a majority believed they would face discrimination from housing staff if they were open about […]

Survey finds unity between young and old at a divisive time

At a moment of sharp national division, here is a bit of good news: young and old are not at one another’s throats in this country. A survey released on Thursday finds Americans of all ages have very little interest in the myth of “generation war” we hear about so often in debates about federal […]

Medicare Part B premiums won’t jump as much as expected in 2017

Medicare Part B premiums won’t jump as sharply as feared next year. The Centers for Medicare & Medicaid Services (CMS) announced that the average premium will rise about $4 next year – to $109 per month  from $104.90 (that’s been the premium since 2013). That’s the number for the 70 percent of Medicare beneficiaries who […]