Final word on Social Security COLA and Medicare premiums for 2018

Millicent Graves will get a raise from Social Security next year, but her household budget will get worse, not better. The 2 percent cost-of-living adjustment (COLA) announced by Social Security for 2018 last month will boost Graves’ monthly benefit by $20.70. But in reality, that increase will be wiped out by a higher Medicare Part […]

Age discrimination persists 50 years after anti-bias law’s passage

Imagine a time when employers hung out a sign that effectively told job seekers, “People over 55 need not apply.” That was the U.S. job market in the 1960s, when more than half of private-sector job openings explicitly barred older applicants, and one quarter even refused to look at applicants over age 45, according to […]

For Republicans, tax reform math hinges on cutting Medicare

Retirement savers dodged a speeding train last week when Republican lawmakers racing toward tax reform dropped their plan to sharply reduce allowable tax-deferred contributions to 401(k) plans. That idea is off the table – at least for now. But listen carefully and you can hear the whistle blowing on another train barreling down the tracks. […]

Report card on aging nations gives U.S. mixed grades

Which nations are doing the best job adapting to their aging populations? Japan has the healthiest seniors. Spain gets top marks for supportive relatives and friends. In Norway, income inequality among older people is the lowest in the world. How about the U.S.? A new global aging index places the U.S. among the top five […]

Blueprints

A guide to buying Medigap policies

Rail systems around the world warn you to "mind the gap" when boarding a train. It's good advice for your Medicare coverage, too. Medicare is comprehensive, but it doesn't cover ... [Continue Reading]

Latest RR Posts

Final word on Social Security COLA and Medicare premiums for 2018

Millicent Graves will get a raise from Social Security next year, but her household budget will get worse, not better. The 2 percent cost-of-living adjustment (COLA) announced by Social Security for 2018 last month will boost Graves’ monthly benefit by $20.70. But in reality, that increase will be wiped out by a higher Medicare Part […]

Killing medical tax break will hammer middle-class seniors

Republican lawmakers want to cut taxes for corporations and wealthy people by $1.3 trillion – and they seem to want seniors to foot a good chunk of the bill. Their 2018 budget plan would chop $473 billion out of Medicare and $1.3 trillion from Medicaid. But the House tax plan also calls for elimination of […]

For Republicans, tax reform math hinges on cutting Medicare

Retirement savers dodged a speeding train last week when Republican lawmakers racing toward tax reform dropped their plan to sharply reduce allowable tax-deferred contributions to 401(k) plans. That idea is off the table – at least for now. But listen carefully and you can hear the whistle blowing on another train barreling down the tracks. […]