In just nine years, the oldest Gen-Xers will reach Social Security’s normal retirement age of 67. But they will have a rude awakening when they learn that the program’s trust fund is empty, leaving it able to pay out only as much in benefits as it takes from the paychecks of those then working. That’s […]
The Social Security trustees released their annual report on Monday, and the outlook is bleak. Social Security has morphed far beyond its original intent, and absent congressional action, everyone who is of Generation X or younger will not receive a single full benefit, and even those already in retirement will experience significant benefit cuts. To […]
There was once a day when investment advisers suggested that workers should amass a million-dollar savings portfolio for retirement. But thanks to Bidenomics, those days are long gone, as a mere million dollars won’t cut it anymore. Not only do analysts say Americans need nearly $1.5 million to survive retirement, but that cost has skyrocketed […]
Rep. Mike Gallagher (R-WI) announced he will take an early retirement from Congress. His announcement sent shockwaves through the Republican Party. His last day was set to be Friday but that may change. He may stay long enough to vote for Speaker Mike Johnson’s foreign aid legislation this weekend. This will give Johnson a boost […]
Rep. Claudia Tenney (R-NY) wants to put a stop to members of Congress leaving their office early to return to the private sector, likely to a gig as a highly paid lobbyist. She launched the Don’t Quit to Lobby Act. The message is to stay and finish the job. If a person is elected to […]
For any readers of a certain age, your thoughts may be turning to ongoing reports about the burgeoning national debt and rumors that Congress is considering making changes to programs such as Social Security. I can relate, as I’m already being hit with a deluge of mail both from the government and various private insurance […]
An increasing number of Democrats and liberals are growing quite concerned over the looming possibility that Joe Biden could lose the election in November and usher in another term for Donald Trump. An unsubtle sign of progressive voices all but saying this directly can be found in suggestions on the left that Supreme Court Justice […]
Conservative commentator Ben Shapiro is suffering a backlash for saying that Americans should continue working past the official retirement age and possibly until death. During Tuesday’s episode of his podcast, Shapiro said it is “totally crazy” and “insane” that the retirement age is still set at 65 in the U.S. He pointed out that President […]
Justice Sonia Sotomayor is the oldest Democrat-appointed justice on the court. It is starting to look like Democrats are ready to give her the heave-ho to give President Biden another shot at putting a Democrat on the Supreme Court. It sounds like Democrats are none too confident that their guy Joe will win re-election in […]
A woman named Janet Yamanaka Mello worked as a civilian financial program manager for the U.S. Army in Texas for several years. Now she’s heading into retirement with full federal benefits. This would be an unremarkable story were it not for the side hustle that Mello had been allegedly running. She had been using her […]
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