President Donald Trump’s nominee to become the nation’s budget director, Rep. Mick Mulvaney , R-S.C., defended Tuesday his support of cuts to popular entitlement programs that Trump vowed to keep intact and emphasized that he would bring a “fact-based approach” to the role. In appearances before the Senate budget and homeland security committees, Mulvaney acknowledged […]
Tag: Social Security
Should You Take Social Security At 62?
American workers who are eligible for benefits can claim Social Security as early as age 62, although full retirement age isn’t until at least 66. The most common age at which people file for their Social Security retirement benefit — you guessed it — 62. It’s easy to see why many people want that money […]
Maximize Your Medicare
As of October 2016, there were more than 57 million enrollees in Medicare, roughly 18% of the U.S. population. The program will spend a projected $700 billion on benefit payments in 2017. Clearly, Medicare is a big deal, and if you’re not greatly benefiting from it now, you probably will in the future. So take some […]
Social Security Could Be Short 11 Trillion Dollars
President-elect Donald Trump has said he will preserve Social Security, though if he and Congress do nothing to fix the funding, the financial reckoning will be huge — as much as $11.4 trillion down the road. The last time Congress changed Social Security in a significant way with a series of benefit cuts and payroll […]
Top Republicans Unveil Plan To Drastically Cut Social Security And Medicare
WASHINGTON ― President-elect Donald Trump distinguished himself on the campaign trail as the rare Republican candidate promising not to cut Social Security and Medicare. But Republicans in Congress have other plans for the two popular social insurance programs ― and they are wasting no time rolling them out. Rep. Sam Johnson (R-Texas), chairman of the House […]