A new AARP report shows how states can stem the "explosion" of financial exploitation cases involving the misuse of powers of...Read more
Report Says SS Benefits Would Be Slashed Under Bush Plan
- June 20th, 2002
June 20, 2002--A Working Paper by the Brookings Institution concludes that the Bush administration''s plan to create personal investment accounts within Social Security would lead to deep cuts in benefits. For wage earners retiring in 2075, benefits would be as much as 27 percent lower than those promised under current law, and even larger if adjusted for the risk of investing in the stock market, according to the paper by Peter A. Diamond, an economics professor at the Massachusetts Institute of Technology, and Peter R. Orszag, a senior fellow at Brookings.
Full story: The New York Times, June 19, 2002. http://www.nytimes.com/2002/06/19/politics/19SOCI.html
Read an abstract of the Brookings Working Paper and download the full paper: http://www.brookings.org/views/papers/orszag/20020618.htm
Local Elder Law Attorneys in Ashburn, VA
Needham Mitnick & Pollack, PLC
Judith Mtinick is well known for acting as a guardian, conservator, trustee or agent on behalf of clients or by court appointment. This experience gives her a wide perspective and extensive practical knowledge that she uses when advising clients in drafting their planning documents. Her experience, as a court appointed...
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...