How to save (for) your retirement? Put away money early and consistently over time, esp in tax favored plans, diversify investments and avoid high fee products, and let the money grow: https://t.co/jIUSRhwVf9
Unsurprising new research form AARP shows Americans have little interest in adding risky alternative investments (e.g., private equity, crypto) to their 401k plans: https://t.co/YdyuQdNbhe
On Social Security’s 90th anniversary, it is important to highlight that ongoing vigilance ensures we will get the benefits we have earned and paid for.
The federal budget deficit totaled $1.6 trillion in the first 10 months of fiscal year 2025, the CBO estimates. That’s $109 billion more than the same period last fiscal year. Revenues increased by $263 billion (6 percent), and outlays rose by $372 billion (7 percent).
Trump Tax Law to Add $3.4 Trillion to US Deficits, and Millions Will Lose Health Insurance, According to Non-partisan Congressional Scorekeeper (CBO): https://t.co/IiZMXbFNG4
On this day in 1995, Jerry Garcia, Bob Weir, Phil Lesh, Mickey Hart, Bill Kreutzmann, and Vince Welnick played their last concert together as the Grateful Dead. The long, strange trip would came to an end with the death of Jerry Garcia exactly one month later.
The Republican megabill has many parts and was never framed for the public as a health care bill. But, it is the biggest cutback in federal support for health coverage ever.
Nearly 12 million will lose health insurance under the big tax/budget bill, and tax cuts will make our debt soar higher under latest analysis: https://t.co/ffcK6SBeAF
More debt on the way! CBO estimates the Republican reconciliation bill that the Senate is considering will increase the deficit by nearly $3.3 trillion between 2025 to 2034.
CBO estimate: https://t.co/6zfBxDddXN
The federal budget deficit totaled $1.4 trillion in the first eight months of fiscal year 2025, CBO estimates, $160 billion more than the deficit recorded during the same period last year: https://t.co/x9rCCq6V1O
CBO projects a reduction in Medicaid coverage of 10.3 million from the Republican bill, with much of that likely coming from work and reporting requirements. Yet, it expects employer-sponsored health coverage to increase by just 800,000.
AARP letter to House Energy & Commerce Committee on health care provisions in the budget reconciliation proposal, including Medicaid cuts, PBMs, and necessary nursing home staffing standards: https://t.co/RbTpshj9Qn
NEW AARP STATEMENT ON EXECUTIVE ORDER:
We thank President Trump for issuing this executive order to help rein in prescription drug prices. We look forward to reviewing the details and understanding how these changes will affect seniors’ pocketbooks. https://t.co/kh8NR89XWD