February 2020
Retirement Articles This Week
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Women at Greater Risk in Retirement than Men
WASHINGTON, Oct. 20 /PRNewswire/ -- A new study released today by Americans for Secure Retirement (ASR) shows that women are at greater risk than men to experience a decrease in living standards in retirement. Congresswoman Stephanie Tubbs Jones, member of the House Ways and Means Committee, has introduced The Retirement Security for Life Act (H.R. 819/S. 381), which would help all Americans, particularly women, maintain economic security throughout their golden years by encouraging the use of lifetime annuities as a way to ensure a steady stream of income in retirement.
Senors Get A Pay Raise
The Social Security Administration announced Friday that their cost of living adjustment, or COLA, for more than 50 million beneficiaries would increase 4.1% in January. That's the biggest jump since a 5.4% gain in 1991. Last year's increase was 2.7%.
The average Social Security check will increase from $963 to $1,002 in January.
Companies begin marketing Medicare Part D
Important dates for Medicare's prescription
drug program
* Oct 1: Medicare recipients begin receiving mailings from companies offering 23 plans. The Centers for Medicare & Medicaid Services mails the 2006 "Medicare & You" handbook to all beneficiaries, with plan details.
* Oct. 13: Medicare launches a new Web page to help recipients compare plans and prices. The "Personal Plan Finder" will be available at http://www.Medicare.gov. People without Internet access can call 1-800-MEDICARE for help.
* Nov. 15: Enrollment period begins, with beneficiaries being able to sign up electronically, by phone or by mail.
* Dec. 31: The last day for enrollment for people who want coverage to begin on Jan. 1.
* May 15: Last day to enroll in plans without facing a penalty for late enrollment. Medicare-approved drug discount cards can be used until May 15th, or when enrollment in a Medicare drug plan takes effect, if happens sooner.
Medicare Update
The Bush administration announced 10 new plans will be available for Medicare Part D
Our Savings Rate is ZERO

The Roth 401k is coming
Don't get confused, here's another Roth version
Complicated Math of Pensions
The story of a retiree trying to understand their pension
Start Saving!
Nearly one third of Americans fail to take advantage of 401k plans
Mitt Romney Health Care Plan
Interesting health care proposal
The Stones on Tour
...just saw the Eagles on TV last night..enjoy all the groups this summer
Jeremy Siegel is a must read
This guy has given a lot of thought to baby boomers and stock prices