Money, Wealth & Power—A Daily Look at the Financial World
For a growing share of older Americans, the most surprising part of a doctor’s visit now comes at the pharmacy counter, where the bill for a month of medication can suddenly drop to zero. The shift is not a glitch or a one-off coupon, it is the result of a structural overhaul in how Medicare…
More Americans are reaching their mid‑60s and beyond only to discover that “retirement” now often includes a timecard. A significant share of older adults are drawing Social Security while still collecting a paycheck, not just to stay busy but to keep up with rising prices and longer lifespans. The headline figure of 43% reflects this…
Reaching 67 with $2.6 million in a traditional IRA is a financial milestone, but it also creates a new problem: required minimum distributions that can push you into a higher tax bracket just as you want to simplify life. The fear is not irrational, because every dollar forced out of that account is ordinary income…
President Donald Trump campaigned on a simple pledge about Social Security: benefits would not be cut. Now his handpicked Social Security chief, Frank Bisignano, is arguing that the administration has delivered on that promise. I see a much murkier picture, with modest benefit gains on paper colliding with service cuts, staffing turmoil, and a looming…
Joe Biden will leave office with a retirement package that pays more than his old job. His projected federal pension of $417,000 a year eclipses his White House salary and sets a new benchmark for presidential benefits. I want to know what that gap says about the rest of America’s retirement prospects, and what it…
For years, retirees have been told that waiting until age 70 to claim Social Security is the smartest move. In 2026, that blanket advice can backfire badly, especially for people who are already stretching every dollar. The numbers around benefit cuts, taxes, health costs, and investment tradeoffs now make it much easier to end up…
Health care costs are climbing sharply for families, yet the political story coming out of Washington is about villains and saviors rather than spreadsheets. President Donald Trump is again casting big insurance companies as the main culprits behind your rising premiums, even as his own policies help shape those bills. The result is a familiar…
Social Security was built on a simple promise: pay in during your working years and Washington will be there when you retire. A growing chorus of economists now argues that keeping that promise exactly as written could hasten an “imminent” collapse of the system, forcing even deeper automatic cuts later. The emerging consensus is blunt…
Social Security is racing toward a funding cliff at the same time millions of Americans are still fuzzy on how the program actually works. The gap between the system’s financial reality and the public’s basic understanding is turning a slow-moving fiscal problem into a personal risk for retirees and workers alike. I see that disconnect…
Retirement should be the payoff for decades of work, not the start of a new round of financial battles. Yet as rules, technology and benefits programs shift in 2026, older Americans are being singled out by people who see their savings and steady income as an easy target. To protect that nest egg, retirees need…