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  • The Advisor Volume 16 June 2011 Part 2 Feed

    The Senate, where Republicans hold the majority, has yet to make a decision as to whether to defer taxes for its employees. .The pending cuts are due to a rule, the PAYGO Act, which was passed in 2010 and which corrects for additions to the federal deficit by automatically cutting funding from certain departments and programs. .The age at which you start receiving Social Security benefits. … Continued

  • Video Real Seniors Real Concerns

    In coming years, growing program cost pressures could mean that some illegals may benefit from the use of invalid and fraudulent Social Security numbers at the expense of others who worked and paid into the system legally. TSCL's new 2014 Senior Survey found that 87 percent of respondents favor prohibiting payment of Social Security benefits calculated on earnings from unauthorized work by illegal immigrants. TSCL supports legislation that would prohibit earnings under invalid and fraudulent Social Security numbers from use in determining entitlement to Social Security benefits. .Although Part D plans are given leeway to vary how they structure their plans here is a breakdown of the standard Medicare Part D plan cost sharing in 2020: .Rep. McIntyre has consistently cosponsored the Consumer Price Index for Elderly Consumers (CPI-E) Act, a bill that would provide seniors with a more fair and accurate Social Security cost-of-living adjustment. He has also cosponsored legislation that would close a Social Security loophole that allows non-citizens to become entitled to Social Security benefits for work done illegally. Finally, Rep. McIntyre introduced the Notch Fairness Act in 2011, a bill that would provide those born between the years 1917 and 1926 with modest compensation for the lower Social Security benefits that they tend to receive. … Continued

The Drug Plan Finder can help you get very specific information because you can input the prescriptions you currently use and then find the lowest cost plan that covers your drugs. However, the lowest cost plan may not always be your wisest choice, especially since your doctor may change your prescriptions in the future or you may be close to the doughnut hole coverage gap. You may benefit by spending a little more and getting a plan that covers 95% of all drugs and covers at least generics in the gap. .Get quotes from 5 to 10 highly-rated insurance companies. Make sure you are getting apples–to–apples comparisons for the same type of annuity. .Recently one of our readers asked "Is there a percentage as to how much less NOTCH BABIES receive monthly?" .Finally, the Social Security Fairness Act of 2017 (H.R.1205) gained two new cosponsors in Representative Walter Jones (NC-3) and Representative Tony Cardenas (CA-29), bringing the cosponsor total to 17If signed into law, H.R. 1205 would repeal the Government Pension Offset (GPO) and Windfall Elimination Provision (WEP) – two Social Security provisions that unfairly reduce the earned benefits of millions of teachers, police officers, and other public servants each year. .If signed into law, H.R. 1811 would base Social Security cost-of-living adjustments on the Consumer Price Index for Elderly Consumers (CPI-E) and gradually phase out the cap on income subject to the payroll tax. .The Senate was not in session and is scheduled to return on January 25th. .On Thursday, a group of four Senators – Rand Paul (KY), Mike Lee (UT), Lindsey Graham (SC), and Jim DeMint (SC) – unveiled a major new plan to transition Medicare enrollees into the same health care program offered to employees of the federal government, including Members of Congress. According to the group, the plan will "provide Medicare patients with the best health care in America and will forever protect seniors' interests by aligning them with self-interested politicians." .Social Security Trust Fund is the biggest government account holding U.S. debt — and the U.S. Treasury owes the Trust Fund more than .8 trillion. .This week, lawmakers in the House and Senate voted to begin conference negotiations on legislation to overhaul the tax code. Representatives in the House passed their tax reform bill last month, and Senators in the Senate passed their version last Friday, with a vote of 51-4Members of the bicameral conference committee have been busy ironing out the differences between the two bills this week, and they hope to have a deal reached before they adjourn for the holiday recess on December 22nd.