Q. My husband and I watched the State of the Union address on Tuesday night, until we fell asleep. We heard a little bit about Social Security and Medicare, but couldn’t get the complete gist of what President Obama was saying. If you watched, what do you think are some of the key takeaways for seniors, about important programs such as […]
Balanced Budget Act: Good or Bad for Seniors?
Image source: Wall Street Journal On November 2, 2015, the Balanced Budget Act of 2015 (BBA) was signed into law by President Barack Obama. According to the President’s statement on the day of the signing, “Democrats and Republicans came together to set up a responsible, long-term budget process, and what we now see is a […]
New IRA Rules Close the Loopholes
Dear Commander Bun Bun, I heard that there are some new rules that were proposed by President Obama that IRA owners should know before planning their estate or transferring money between IRAs. Do you know about them and, if so, can you explain? Thanks for your help! Ira Nurooles —- Dear Ira, Under President Obama’s […]