W.Va. Senate Candidates Call for Lifting Social Security Salary Cap

West Virginia’s two major-party candidates for the U.S. Senate support raising the Social Security wage base limit from its current level of $117,000, and in an Oct. 7 debate both voiced concern over the long-term financing of the program. “I am supportive of raising the cap to $240,000” or in that vicinity, said West Virginia Secretary of State Natalie Tennant, a Democrat. “I would be willing to raise the cap over $200,000,” said U.S. Rep. Shelley Moore Capito, her Republican opponent. …

How to Be Really Rich With Less Money

Most people define their net worth in dollars. As a financial planner, I define net worth in time. Allow me to explain. When I ask people to tell me what money means to them, I hear words like freedom, security and independence. Money, and having enough of it, allows us to do whatever it is that makes us happy. Reframing wealth as time turns some millionaires into paupers, and it makes those with $250,000 in 401(k) savings into the very …

Poll: In Close Senate Races, Older Voters Lean Slightly to GOP

In 12 states with competitive Senate races, older voters lean slightly more Republican than younger voters, according to a poll for National Public Radio. But the margins are narrower than those in nationwide polls conducted a few weeks ago. In the NPR poll, likely voters ages 50 to 64 split 50 percent for Republicans and 45 percent for Democrats — and among those 65 and older, the split was 50 percent to 43 percent. Overall, voters in the 12 states …

Senate Candidates Put Their Parents in TV Ads

Running for office? Better hope that you can at least count on your parents to stand by you. This year, several candidates for the U.S. Senate are citing their parents in campaign literature or TV ads — especially in voicing their commitment to support Social Security and Medicare. In two contests, a candidate features a parent in a 30-second broadcast spot. >> AARP Voter Education Guide In one of her campaign ads, Sen. Mary Landrieu (D-La.) is seated next to her well-known …

Social Security Takes Center Stage in Alaska Senate Campaign

Social Security has become a hot issue in the Alaska Senate race, one of the battleground contests that will determine which political party controls the Senate. “Both of Alaska’s candidates for U.S. Senate know that the country’s Social Security system needs reform … but differ sharply on how they’d solve the problem,” Alaska Dispatch, on online news site, said in a Sept. 22 story. >> Sign up for the AARP Advocacy Newsletter Democratic Sen. Mark Begich has introduced legislation that would …