seeks Archives - DR News - News, Retirement, Finance

Earnings Test Dilemma: Older Husband Seeks Guidance for Working Wife’s Social Security

Washington, D.C. – An older husband seeking guidance with his working wife on how to navigate Social Security benefits was the subject of a recent inquiry to AMAC Certified Social Security Advisor Russell Gloor. The couple was grappling with the idea of using the wife’s Social Security benefits to manage their credit card debt while she continues to work. The husband, aged 74 and retired, receives Social Security benefits and pensions to sustain their lifestyle, …

Tax Freeze Legislation for Missouri Seniors Seeks Clarification

Jefferson City, Missouri – The Missouri General Assembly passed a bill last year aimed at freezing property taxes for seniors, introducing a sense of stability for older residents in the state. However, the implementation of the bill raised many questions among local municipalities, prompting the introduction of new legislation to clarify key points. Senator Tony Luetkemeyer, the sponsor of the previous bill, has put forth new legislation to address the confusion surrounding the property tax …

Payment Predicament: Social Security Beneficiary Seeks Help with $22,000 Overpayment Situation

San Francisco, CA – A Social Security beneficiary in San Francisco sought advice on Facebook regarding a challenging overpayment situation. Discovering that the Social Security Administration claimed they owed a significant payment back can often be a distressing experience for individuals. One recipient of Supplemental Security Income revealed that they were informed of owing $22,000 in overpayments. This individual expressed frustration, stating that despite submitting updated information within the last eight to nine years, the …

Retirement Dilemma: 69-Year-Old with $34,000 in Roth IRA Seeks Financial Guidance

Miami, FL – A 69-year-old individual who has diligently contributed $500 per month to a Roth IRA is dismayed to find out they have only saved $34,000. They express frustration, feeling that they should be in a much better financial position at their age. Seeking guidance on how to improve their retirement savings, they are looking for assistance from experts in financial planning and wealth management. The individual’s situation raises questions about the effectiveness of …

Social Security User Seeks Advice Online After $28,000 Benefit Overpayment Nightmare

Indianapolis, Indiana: A Social Security recipient recently sought guidance online when dealing with issues surrounding an overpayment of benefits. This individual faced a “nightmare” situation after realizing that the Social Security Administration had requested them to repay $28,000 in benefits due to an error in payments spanning over two years. The recipient took to Reddit to share their experience, explaining that the overpayment stemmed from receiving an extra check one month, pushing their total earnings …

Social Security Recipient Shocked to Owe $5,000 in Overpayment Fees: Reddit Seeks Guidance

Miami, Florida – A Reddit user sought advice after discovering they were facing a $5,000 overpayment fee owed to Social Security. Social Security benefits are crucial for families in need of financial assistance, but sometimes issues arise with repayment obligations. In a Reddit post, a user who identified as being adopted detailed their confusion after being notified by the Social Security Administration that they owed $5,500. Despite working multiple jobs, the user claimed they had …

Drug Prices in Focus Again as Biden Seeks Credit for Speech

Washington, D.C. – President Biden addressed the nation on Tuesday, advocating for policies aimed at reducing drug prices and improving access to healthcare. In his State of the Union speech, Biden highlighted the need for Congress to take action to address the rising costs of healthcare for Americans across the country. Biden’s speech focused on the urgent need to tackle the issue of escalating drug prices, emphasizing the importance of affordable healthcare for all. He …

CalPERS Seeks External Chief Investment Officer After Dropping Returns

Sacramento, California – As the largest US public pension fund seeks a new chief investment officer, the California Public Employees’ Retirement System is in the process of evaluating external candidates. This decision comes after a period marked by underwhelming returns and frequent changes in leadership within the organization. Among the individuals being considered to oversee CalPERS’ substantial $490 billion portfolio is Jonathan Grabel, the current Chief Investment Officer of the Los Angeles County Employees Retirement …

Subpoena Seeks Disqualification of Fani Willis and Nathan Wade in Trump Election Interference Case

Atlanta, Georgia – Former President Donald Trump and 14 others are facing a criminal racketeering case for their attempts to overturn the election, and now the Fulton county district attorney, Fani Willis, and special prosecutor Nathan Wade are both under scrutiny in the case. Both Willis and Wade have been subpoenaed to testify at a hearing on February 15 seeking their disqualification from the case. However, it is uncertain if either will actually testify, as …

COVID-19 Hospital Seeks Coverage Under Health Care Endorsement in Property Policy

BOSTON, MA – A recent ruling by the 1st U.S. Circuit Court of Appeals has significant implications for hospitals seeking coverage for losses incurred while complying with government decontamination orders during the COVID-19 outbreak. Lawrence General Hospital, a nonprofit community hospital in northeastern Massachusetts, sought coverage under a health care endorsement in its property policy for losses allegedly stemming from the pandemic. The Court’s decision could impact insurers that include communicable disease coverage as a …