Sunday, January 29, 2017

Paul Ryan wants to privatize Medicare, slowly but eventually completely


Paul Ryan wants go gradually replace Medicare with an ACA-like system based on grants, which are larger for low-income people, people with less wealth, or more claims.

The NPR has a story here.  The changes would start in 2024, affecting people now 57.

Medicare has enough money until 2028. 

Saturday, January 28, 2017

GOP mulls social security cuts for those retiring 2023 or later


News Groop reports on supposed drastic cuts in social security being considered now by the GOP.

Retirement age would gradually rise to 69.  But other changes in benefits would not affect anyone whose benefits start before 2023 (I presume that means full retirement age).
 
The “earnings test”, which was so controversial when I took early retirement, would be eliminated.

Sunday, January 01, 2017

Popular book exposes "file and suspend" loopholes in Social Security, which Congress closed this fall


There’s an interesting account (by Ben Steverman) in the Chicago Tribune about how a book, “Get What’s Yours: The Secrets to Maxing Out Social Security”, by Laurence Lotlikoff, Phillip Moeler, and Paul Solman (Simon and Shuster), explained who certain couples could squeeze more out of social security by certain fake delaying tactics.  The most notorious of these was called “file and suspend”.



Congress nixed these techniques this November, although some retirees may be grandfathered a little.

The book, which has sold over 300,000 copies, will be revised soon.