News

  • Feel Secure About Retirement 8 Things The Government Wont Tell You 2

    Determining when to move to a senior living facility is a complicated decision — making process that involves being able to think dispassionately and realistically about long-term needs. That's a tall order for anybody. It often means talking to others, getting outside opinions, and help from professionals. .The number of Medicare patients in observation stays has jumped 69% in the past five years, according to federal records. They are also staying in the hospital longer. Even though Medicare recommends that hospitals decide within 24 to 48 hours whether to admit or discharge patients, the number of observation stays exceeding 24 hours have nearly doubled. .Second, one new cosponsor also signed on to the Social Security Administration Fairness Act (H.R. 6251), bringing the total up to thirty-five. The new cosponsor is Representative Ron Kind (WI-3). If adopted, H.R. 6251 would improve the administrative funding of the Social Security Administration, implement a moratorium on field office closures, and eliminate two waiting periods for Disability Insurance beneficiaries. … Continued

  • Majority Of Retirees Would Raid Savings Or Borrow For Financial Emergencies Says New Poll By The Senior Citizens League Tscl

    The amount of the credit will increase for many taxpayers. .In addition, U.S. Customs may be trying to clamp down on prescription drugs being shipped to American consumers from Canadian pharmacies. Although "reimportation" of prescription drugs from abroad continues to be illegal, Customs and Food and Drug Administration (FDA) officials have only intermittently seized shipments of Canadian drugs in the past. Canadian mail order pharmacies and drug-buying programs run by senior advocates reported earlier this year that the number of seizures has more than quadrupled recently. .Before doing anything else make sure you have a realistic budget, and think long term. You want your income and savings to be adequate as long as possible, 30 years or even longer is not unrealistic for someone your age. In developing a budget, look back over at least three years to include large expenditures for periodic home maintenance and repairs, transportation, medical costs and other large costs. Include what you pay in taxes. Once you get an expense figure, allow for at least 3% per year for inflation. Then tally up your income and assets, including the value and expected income from retirement accounts and pensions, if any. … Continued

The IRS also issued similar warnings about coronavirus imposter scams related to stimulus checks, overdue payments, filing extensions and other tax related topics. .Could you tell me the status of the Social Security agreement with Mexico? There hasn't seemed to be much news about it recently. If we get a new president does that mean the agreement would be dead? .Call your plan's mail-order service and compare the prescription costs, including any shipping. Often you can get a three-month supply of your prescription by mail for less money than you would pay for a one-or two-month supply purchased at a standard retail pharmacy, and pay nothing for shipping. But using mail order requires advance planning on your part because you need to allow up to two weeks for delivery. .With respect to Ad Servers: The Senior Citizens League does not partner with or have special relationships with any ad server companies. From time to time, we may use customer information for new, unanticipated uses not previously disclosed in our privacy notice. If our information practices change at some time in the future we will post the policy changes to our website to notify you of these changes and provide you with the ability to opt-out of these new uses. If you are concerned about how your information is used, you should check back at our website periodically. .Sources: "Appeals Panel Weighs Fate of Obama's Immigration Overhaul," Michael Shear, The New York Times, April 17, 201"Effects Of Unauthorized Immigration On The Actuarial Status Of The Social Security Trust Funds," Actuarial Note 151, Social Security Administration, April 2013. .SSA Rescinds New Online Security Policy .On Wednesday, Members of the House voted to approve a temporary Continuing Resolution (CR) to fund the federal government past September 30th – the end of the fiscal year. Those in the Senate took it up quickly thereafter and voted for its passage on Thursday afternoon, despite reservations from some key Senators. ."'I don't anticipate that anything gets there before Election Day,' Chief of Staff Mark Meadows told reporters Wednesday. ‘I think that was a concern that there might have been a look that this was done for a political motivation. That's not the case.'" .The Department of Homeland Security (DHS) recently began a review of all pending immigration deportation cases with the goal of dismissing those of illegal immigrants with no criminal records. TSCL is concerned that the policy, which would scale back deportations of hundreds of thousands of illegal immigrants, could potentially add hundreds of billions in new costs to the growing deficit problems of Social Security, SSI, Medicare and Medicaid.