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  • Legislative Update Week Ending January 2 2015

    Sources: "Social Security Benefits for Noncitizens," Congressional Research Service, July 20, 2006, RL32004. .I've been hearing a lot recently that Social Security is a Ponzi scheme. Just how much in Social Security benefits can I expect? I just turned 62, but I'm still working and haven't started benefits yet. .Seniors Support Medicare Coverage Expansion … Continued

  • Hearings On The Hill 4 2

    Congress should strengthen Social Security benefits by boosting benefits about 2 percent (about on average) and tie the annual cost-of-living adjustment (COLA) to the Consumer Price Index for the Elderly (CPI-E) which, in most years, would yield a modestly higher COLA. — 83 percent support, 12 percent not sure, and 5 percent opposed. ."Whatever the reason, most Americans before they retire have paid little attention to the huge life transition that is coming. We don't have a good idea of how much we need to save for retirement," writes Mark Miller, journalist and author who writes about trends in retirement and aging. Mark, the author of The Hard Times Guide to Retirement Security: Practical Strategies for Money, Work and Living (John Wiley & Sons/Bloomberg Press, 2010) shares a few important tips with our readers. .Increase income. On average, older Americans get about 34% of their total income from Social Security; 33% from earnings; 11% from personal assets such as money in IRAs, 401(k) plans and taxable accounts, and 22% from pensions. To boost income, they could invest more aggressively in higher-yielding and perhaps more risky assets, such as long-term bonds and high-dividend-paying stocks; go back to work; or if they are still working, take on more hours. … Continued

Should I Continue to Pay Into Social Security for Other Work I am Doing Now? .What Are The Ten Fastest Growing Senior Costs? .In 2016, under the Supplemental Poverty Measure 14.5% of adults age 65 and older lived in poverty, compared to 9.3% under the official poverty measure. .Guarantee a minimum COLA of no less than 3 percent. .Together, these three changes would strengthen the solvency of the Social Security program and cut taxes for millions of older Americans. In the letter that was delivered on Thursday, Art Cooper – Chairman of TSCL's Board of Trustees – wrote: "If enacted, these reforms would go a long way in strengthening the Social Security program, and TSCL's members and supporters hope they will be included in comprehensive tax reform legislation." .Three Ways Congress Can Pay For Notch Reform .Last year, I introduced bipartisan legislation to halt this obscure tax increase on seniors. Since then, we've worked hard to build broad support inside of Congress and out. The bill has the endorsement of a list of taxpayer and seniors advocacy groups and passed the U.S. House of Representatives on a bipartisan vote on September 13, 2016. .The Medicare Hotline number is The number to report Medicare fraud is You may also wish to look at their web site. www.hcfa.gov .President was expanding home and community-based care for the elderly and disabled and improving conditions for the poorly paid workers who give that care.