AARP Applauds Fix for Medicare Payments to Doctors

After 17 years of kicking the proverbial can down the road, Congress has come together in bipartisan fashion to repeal and replace Medicare’s flawed formula for reimbursing doctors with an improved payment plan. With President Obama’s April 21 signature of the Medicare and CHIP Reauthorization Act (MACRA), Medicare beneficiaries can finally feel more secure in knowing that they can keep seeing their physicians each year. AARP has advocated for a permanent fix of the old doctor payment formula, called the …

Saving Our Retirement

At AARP, we know that the people we represent have worked hard to save for retirement, and we believe that they deserve to have financial advisers who work just as hard to protect and grow their savings. Right now, some people have that, and some don’t. Loopholes in the law allow many financial advisers to offer advice based on what’s best for them, not the person saving for retirement. We need to change that. In today’s world it’s hard enough …

Walking Through a Year of Black History

It’s one thing to celebrate Black History Month. But when the organization founded by the father of Black history kicks off its 100th anniversary with an issues forum at the White House, led by America’s first Black president, that’s a Black history moment worth noting. That was the occasion on Feb. 11 as the Association for the Study of African American Life and History (ASALH) had a celebratory Black History Month forum at the White House. As panelists discussed the …

Obama Budget Would Drastically Alter IRA Rules

President Barack Obama calls them loopholes, although investors consider them playing by the rules. Yet under the president’s newly released budget, some of the tax strategies used by high-income earners to contribute to Roth IRAs or maximize the tax benefits on inherited IRAs would go away. Right now, to make a full or partial contribution to a tax-friendly Roth IRA, income must be under $131,000 for an individual and $193,000 for a married couple. High earners have gotten around this by …

President’s Budget Would Trim Estate Exemptions

President Barack Obama’s proposals to increase middle-income tax cuts would come partly at a price to the estates of higher-income households. Under the new budget released Monday, the president calls for turning back the clock on estate taxes to 2009, when an individual could shelter $3.5 million — double that for married couples — from the federal estate tax. Currently, the exemption amount is $5.43 million per person. The top tax rate on estates would also go up under the president’s …

7 Ways to Reduce Acid Reflux (Even if You’re the President)

A nagging sore throat had President Obama checking in for an exam recently with his doctors. The diagnosis was one that’s familiar to millions of Americans: acid reflux. Acid reflux — aka heartburn — occurs when stomach acid sloshes up into your esophagus, irritating and inflaming the tissue, including the back of the throat. If it happens several times a week and becomes severe, it’s called gastroesophageal reflux disease, or GERD. It’s estimated that 60 percent of U.S. adults will experience …