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Why Mothers and Wives Can Receive Less in Social Security .This makes additional protective measures such as mask-wearing all the more necessary. .For years, workers were told to rely on a combination of Social Security, workplace pensions and their personal retirement savings. However, over the past 30 years or so the landscape of retirement savings has dramatically shifted. Traditional workplace pensions have shifted to 401(k) plans while some have been eliminated altogether, and the recent financial and housing collapse left many households with dramatically less value in homes and retirement funds. Partly as a result of these changes, many baby boomers and other future retirees are facing greater "risks" of not having enough to live on in their retirements. According to the Center for Retirement Research, 51 percent of households are "at risk" of not being able to maintain their pre-retirement standard of living. … Continued
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Legalization Of Illegal Immigrants Could Affect Your Benefits Feed
That was the second ruling in a week to delay the policy. A federal judge in Maryland had ordered on Dec. 23 that the rule, which was slated to take effect Jan. 1, be paused for two weeks. .Insurance Industry Predicts Premium Increase .Is the evidence really so clear? … Continued
In 2019 you are allowed to earn ,640, or ,470 per month. If, for example, you were to earn ,000 this year then you would have ,180 withheld from your Social Security benefits. Your earnings would be ,360 in excess of ,640. Half of that is ,180. The Social Security Administration collects this by withholding your monthly Social Security payments until it collects the ,180. Let's say you get a retirement benefit of ,000, that could mean Social Security would withhold your entire Social Security benefit for the next seven months. Once the ,180 is collected the difference will be sent later. .Only two weeks remain before the March 31st deadline, and at this point, it appears as though a temporary "doc fix" will be necessary. Sen. Hatch mentioned on Tuesday that lawmakers are currently considering a nine-month pay patch, which would mean that lawmakers wouldn't have to revisit the issue until after the November elections. Should lawmakers fail to reach an agreement on either a temporary or a permanent solution, doctors who treat Medicare patients will see a 24 percent pay cut, which would negatively impact seniors' access to quality medical care. .This week, Members of Congress returned to Washington following a two-week recess and quickly began working on legislation to prevent a government shutdown. In addition, House Republicans revived the American Health Care Act (AHCA), which would repeal and replace most of the Affordable Care Act (ACA) if adopted. Finally, one House Subcommittee met to discuss fraud prevention within the Social Security Disability Insurance (DI) program. .This week, one new cosponsor – Rep. Steve Israel (NY-3) – signed on to the Consumer Price Index for Elderly Consumers (CPI-E) Act (H.R. 1030), bringing the cosponsor total up to twenty-four. If signed into law, H.R. 1030 would adopt the CPI-E for the purpose of calculating Social Security cost-of-living adjustments (COLAs). Currently, COLAs are based upon the way young, urban workers spend their money – a method that underestimates the spending inflation seniors experience. H.R. 1030 would address this issue, resulting in more fair and accurate COLAs for seniors. .I recently introduced H.R. 4521, SNAP Simplification for the Elderly Act, as one of the focal points for my "Let's Feed America Campaign." The bill would eliminate burdensome red tape and make it easier for the low-income elderly and disabled individuals to receive SNAP, Supplemental Security Income (SSI) and the Medicare Savings Program (MSP) benefits. .78% Of Older Voters Support Strengthening Social Security By Raising Payroll Taxes .A 2.8 percent COLA would be the largest since 2012, but according to The Senior Citizens League's Social Security Policy Analyst Mary Johnson, "Retirees may be disappointed when they learn what the cost of their Medicare premiums and prescription drugs will be for 2019." .What strategies are key to better managing healthcare costs in retirement? .The Senior Citizens League agrees that the Social Security 2100 Act is a fair and responsible solution to the financing challenges facing the program, and we are proud to have endorsed the it. In the months ahead, we will advocate for its passage tirelessly, and we hope to see it signed into law before the end of this year.
