Obama Budget Proposal Targets Medicare Savings

As expected, President Obama’s budget proposal abandoned a call to change the way annual increases in Social Security benefits are calculated and continued a call for Medicare savings. Announced March 4, his plan, which goes next to Congress, would hit some Medicare providers, drug companies and higher-income Medicare beneficiaries as part of $402 billion in estimated health care savings over the next decade. Among the proposed changes for beneficiaries: Charge higher premiums for Parts B and D for higher-income people …

More Help On The Way for Long-Term Unemployed

More than 300 companies, including  Apple, Walmart, Boeing and eBay, have pledged to help the long-term unemployed find jobs under a new initiative announced by President Barack Obama  today. CEOs of these companies have agreed to review their recruiting practices to make sure they aren’t unfairly screening out those who have been out of work for many months. The commitment comes from more than 80 of the nation’s largest businesses and hundreds of others, including Bank of America, KPMG LLP and …

MyRA – Thumbs Up or Thumbs Down?

A day after President Barack Obama gave the go-ahead for the Treasury Department to create a “starter” savings account, experts are weighing whether it will be worthwhile or just another ignored investment tool. Critics note, for instance, that the so-called myRA will do little to overcome the huge shortfall in retirement savings among so many workers. The conservatively invested accounts, though they won’t lose money, won’t make much of a return, either. And the myRA is voluntary, so it’s unclear …

5 claves del discurso de Obama sobre el Estado de la Unión

“Oportunidad para todos”. Ese es el tí­tulo que eligió el presidente Barack Obama para su discurso ante el Congreso para informar sobre el Estado de la Unión, donde precisamente hizo énfasis en la igualdad, la clase media y el empleo. Obama dijo que quiere trabajar con los republicanos y encontrar la forma de avanzar en la agenda bipartidista, pero dejó en claro que si no obtiene esa ayuda actuará solo. Estos son 5 de los puntos clave del presidente en …

Obama’s MyRA Gets Early Go Ahead

President Barack Obama is moving quickly to make good on his pledge to create a new “starter” savings program for workers without a retirement plan on the job. He announced in his State of the Union speech Tuesday night that he would use his executive authority to establish a so-called myRA (my retirement account) that would allow workers to direct a portion of their pay into an account that invests in government securities. On Wednesday afternoon, he signed a presidential memorandum to …

AARP Will Work With President, Congress for Secure Future

The president’s speech tonight addressed issues AARP has been working on since long before President Lyndon Johnson’s war on poverty began over 50 years ago. Social Security and Medicare have helped make a difference by protecting the middle class and keeping millions out of poverty, but many families and Americans of all ages continue to struggle. As we look toward this season of new budget proposals, we also urge the president and Congress to fight for responsible solutions to strengthen …