Raising Archives - DR News - News, Retirement, Finance

Biden Aides Float Raising Taxes on the Wealthy Amidst Trump GOP Frontrunner Emergence

Washington D.C. – As the 2024 presidential election approaches, the Biden camp is strategizing to differentiate itself from the likely Republican frontrunner, Donald Trump. One of the proposed strategies includes raising taxes on the wealthy to bolster Social Security benefits. These efforts come as recent polls show Trump leading among Republicans and Biden trailing among Democrats. The Harvard-Harris poll also indicates Trump holding a lead over Biden in general election polling. To set the Biden …

Retirement Age Debate: BlackRock CEO Calls for Raising Social Security Age

New York City, NY – BlackRock CEO Larry Fink expressed his views on the retirement age during the New York Times DealBook Summit. Fink, who is 71 years old, questioned the historical origins of the retirement age at 65, dating back to the time of the Ottoman Empire. Republicans have been advocating for an increase in the retirement age, with former presidential candidate Nikki Haley and House Republicans proposing adjustments to the Social Security retirement …

Trump Endorses House Candidate Supporting Fiscal Commission Cutting Entitlements and Raising Taxes

Washington D.C., United States – Former President Donald Trump’s endorsement of Republican House candidate Jodey Arrington from Texas has raised eyebrows due to Arrington’s support for a bipartisan fiscal commission that could potentially lead to cuts in entitlement programs like Social Security and Medicare. Despite Trump’s public statements opposing such cuts and tax hikes, his backing of Arrington suggests otherwise. Arrington has expressed openness to the idea of raising taxes to address the federal budget …

Looming Social Security Shortfall Raising Concerns for 2024 Election and Beyond

Washington D.C., USA – The 2024 presidential race is already drawing attention to the future of Social Security, with President Joe Biden and former President Donald Trump both vying for their parties’ nominations. Both candidates have pledged to safeguard Social Security benefits, but looming funding shortfalls have raised concerns about the program’s stability in the coming years. The Old Age and Survivors Insurance Trust Fund, which supports Social Security, is projected to run out of …

Capita Blunders Affect Retired Firefighters’ Pensions, Raising Concerns about Civil Service Contract

London, UK – Retired firefighters from the Ministry of Defence’s fire and rescue service are facing significant delays and payment issues with their pensions, following a £525 million contract awarded to outsourcing group Capita in 2019. Since Capita took over the administration of the Defence Fire and Rescue Project (DFRP), retired workers and spouses of deceased pensioners have reported miscalculated benefits and lengthy delays in receiving their payments. The mistakes have left some individuals waiting …

Pension Age: Why Raising It to 68 Sparks Controversy and Debate

London, United Kingdom – A recent proposal to raise the state pension age to 68 has sparked controversy and debate in the UK. This move, endorsed by Liz Truss, has been met with criticism as it could impact the retirement plans of many individuals. The plan was initially abandoned by the government due to its potential electoral repercussions, highlighting the contentious nature of the issue. The current state pension age is set to increase to …