May 27, 2001 |
Americans older than 50 are better off financially than they were 20 years ago, but many are ill-prepared for old age, with only a third having private pensions and Social Security accounting for more than half of their retirement income after age 65, according to a report released last week.
March 29, 2000 |
Thousands of working senior citizens will be able to earn as much outside income as they want without losing Social Security benefits under legislation given final passage Tuesday by the House. President Clinton intends to sign the bill into law. "They deserve the freedom to choose to work without losing their Social Security benefits," said Rep. E. Clay Shaw Jr. (R-Fla.), a prime sponsor of the bill. "It's their money. It should be their choice."
March 23, 2000 |
Wondering how the Social Security changes approved Wednesday by the Senate might affect you? The legislation is expected to result in about 800,000 working retirees getting bigger Social Security checks because earnings limits will be repealed.
March 2, 2000 |
The House passed legislation Wednesday that would repeal the long-standing earnings limit on Social Security, enabling Americans 65 to 69 years old to earn as much money as they want each year without losing any federal retirement benefits. The measure, passed on a 422-0 vote, would affect about 800,000 Americans and would take effect retroactively to Jan. 1. Under current law, seniors 65 to 69 who earn more than $17,000 a year lose $1 in benefits for each additional $3 earned.
March 1, 2000 |
Legislation lifting the earnings limit for Social Security recipients age 65 to 69 was unanimously approved by the House Ways and Means Committee, clearing the way for a floor vote later this week. The legislation was approved on a voice vote and stands a good chance of passing both houses of Congress despite partisan gridlock on many other issues. President Clinton has promised to sign the bill into law if it reaches his desk without too many changes.
December 29, 1998 |
When fee-only financial planner Brent W. Kessel recommended adding six mutual funds to her portfolio, Mary Kaptur wasn't convinced that it would be the right thing for her. After all, Kaptur, who came to Los Angeles in 1937 with just $100 and whose investments are now worth nearly $1 million, accumulated her wealth without investing in a single mutual fund.