Archive for July 2015

Celebrating 80 Years of Social Security

Jul 9th, 2015 | By | Category: Social Security & Medicare

In 1935, the United States was in the depths of the Great Depression. You saved absolutely everything you had, including string. Every household had the ball of string that you added to whenever a new scrap came along. Most Americans had very little money to live on. And senior citizens were among the people who were hit hardest. Many could no longer work, and their families were having difficulty supporting themselves, let alone trying to support Grandma and Grandpa.

Roosevelt signed the Social Security Act August 14, 1935, and it saved the lives of hundreds of thousands of senior citizens, preventing almost certain financial ruin for each one.

Time for the Swan Song?

Jul 9th, 2015 | By | Category: Senior Moments Blog

One of the experiences of aging that creates emotional distress for senior citizens is figuring out when to stop a life-long activity or behavior. Driving, climbing ladders, walking without assistance, cooking, cleaning, living alone… are all common issues seniors have to make decisions about.

In addition to those, there are some that are specific to lifestyle and earlier career choices. I remember the evening Jerry came home from performing a wedding service saying that was his “Swan Song”. When I asked him about it, he reminded me when Frank Sinatra gave his last performance, many critics said he needed to give it up. He just couldn’t sing and perform well anymore. Jerry reported he learned that about himself that evening.

Retirement Benefits for Presidents

Jul 7th, 2015 | By | Category: Senior Moments Blog

The Former Presidents Act (FPA) was passed in 1958 and called for a number of benefits for United States Presidents upon departure from the White House. At that time, there were only two former presidents still living… Hoover and Truman. Eisenhower was President, and he was the first to be covered under the FPA when he left office.

After the President leaves office, he/she receives a pension that is equal to what other heads of executive branch departments are paid. In 2014, it was $201,700. Her/his spouse can also receive a lifetime annual pension of $20,000 if they don’t have any other statutory pensions.

Congressional Pensions Reviewed

Jul 4th, 2015 | By | Category: Senior Moments Blog

That annoying Facebook post about congressional pensions just keeps traveling around. It needs to be removed from circulation because it is almost 100% false. It’s the one that suggests retired members of Congress and the President get exorbitant pension packages, and quotes flat amounts provided annually by taxpayers.

Since we here at Senior Citizen Journal believe facts are generally very helpful in forming opinion, we provide factual information about what congressional pensions actually are.

Congressional pensions are a little complicated, so be sure to read all the information provided. Much of this information