Let’s say when you retire in 2018 you are earning $50,000 and through prudent saving and investing you have accumulated $1,000,000 in retirement savings. Using
I paid taxes into Social Security and Medicare for over five decades. My wife and I have already collected in benefits more than we and
Read this letter to the editor. Its words mirror the rhetoric of one political party. What is written does not reflect any original thought or
Most retired seniors are wishing for a large 2019 Social Security COLA and perhaps larger ones in the future. Keeping up with inflation is a
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 3.1 percent over the last 12 months to an index level of
For the 75-year projection period, the actuarial deficit is 2.84 percent of taxable payroll, increased from 2.83 percent of taxable payroll in last year’s report.