We know these are trying times. We also know that there will be a psychological impact on many retirees as a result of the COVID-19 pandemic. Feeling anxious in response to a threat is a normal human reaction, but sustained high anxiety can undermine a constructive response to the crisis. Here are some guidelines that can help you and your family deal with COVID-19 anxiety.
Some members of Congress argue that in order to save Medicare benefits need to be cut and the eligibility age should be raised in order to save the program for the future. Proposals to shift added costs to people with Medicare by increasing premiums, deductibles, copayments and coinsurance and scaling back supplemental insurance are gaining bipartisan support in Congress.
There are millions of teachers, nurses, police, firefighters and other public sector employees across the country who rely on public pensions. Read the stories from workers who share what their pension means to them.
Social Security is the most universal, fair, secure, and efficient retirement income arrangement in the country. It provides America's workers and their families vital life insurance and disability insurance protection. Social Security's many strengths include it is a benefit that can not be outlived, and protects against inflation. The many weaknesses of private sector retirement arrangements and the rarity of private long-term disability insurance makes one thing perfectly clear: It is time to expand Social Security.