News

  • Social Security Disability Close To Insolvency Feed

    On Thursday, The Senior Citizens League estimated that Social Security beneficiaries will receive a 2.8 percent cost-of-living adjustment (COLA) in 2019, based on consumer price index (CPI) data through August. The official 2019 Social Security COLA will be announced next week – on Thursday, October 11th – following the release of the September CPI data. .White House officials and public health leaders said they don't expect a vaccine to be widely available until March or April, which means wearing masks and other non-pharmaceutical measures will likely be the only option to reduce the spread of the virus until the end of February. .Terry: The anchor takes on too much weight, swaying the decision in a particular direction. It can lead us to ignore or never even consider other options. In buying a used car, the sales price may be much higher than the car is worth. Yet we start there in haggling over what we'll pay, possibly paying only somewhat less than the price, and thinking we got a good deal when we did not. In the case of the charitable donation, we may feel guilty the more we consider giving less than the anchor ("suggested") amount. … Continued

  • Legislative Update November 2010 Advisor Feed

    Their bill would address the administrative funding challenges that the Social Security Administration has been facing for several years. Since 2010, the Social Security Administration's budget has declined by 9 percent, resulting in a loss of 10,000 employees and the closure of more than 10 percent of all field offices nationwide. At the same time, the number of Social Security beneficiaries has increased dramatically by 15 percent since 2010. .For updates on the progress of the Prescription Drug Affordability Act or for more information about the Medicare Part D doughnut hole, visit our website at or find us on Facebook and Twitter. .Separately, the House Ways and Means Committee Means Committee approved the largest expansion of Medicare since the addition of drug benefits two decades ago. … Continued

According to the National Council on Aging, 34% of older households hold credit card balances, and another 29% still owe money on a mortgage, home equity line of credit, or both. Digging out requires work and making changes. Reducing debt requires increasing income, restructuring your budget, and other changes. Here are some things to consider: .The Senior Citizens League enthusiastically supports H.R. 2276, H.R. 4957, S. 2387, and S. 2671, and we were pleased to see support grow for them this week. For more information about these and other TSCL-backed bills, visit the Bill Tracking section of our website. .Bloomberg News reports that the legislation would establish a task force on older investors at the Securities and Exchange Commission. This Senior Investor Taskforce would be required to identify challenges such as the financial exploitation and cognitive decline of investors older than 65, and to consider whether rules issued by the SEC or securities self-regulatory organizations should be changed to benefit them. .It remains to be seen whether or not Congress will adopt the recommendations made by MedPAC in its most recent report. The Commission is an independent Congressional agency, but its policy recommendations are non-binding and Congress rarely takes immediate action on them. Nonetheless, TSCL will keep a close eye on the recommendations that were made this week, since they could positively affect millions of Medicare beneficiaries if enacted. .His decorations include the Meritorious Service Medal, Air Force Commendation Medal with 1 Oak Leaf Cluster, Air Force Achievement Medal, Vietnam Gallantry Cross with Palm, Republic of Vietnam Campaign Medal, and Vietnam Service Medal with 9 Battle Stars. .This is a new issue that has popped up on our radar and TSCL will be studying it in greater depth as we learn what might be done to insure lower prices and greater security for the prescription drugs that are so important for so many of us, especially the nations senior citizen population. .We are raising our 6-year-old grandson under permanent court ordered guardianship to age 1However, we are not allowed an additional Social Security benefit for this child unless we adopt him. Seems unfair since we have the same responsibility to support him. This will create a tremendous financial hardship, should my wife or I pass away and lose our benefit. We feel the rules should be changed to include benefits for permanent guardianships. -B.H. .You should still delay domestic and international travel. If you do travel, you'll still need to follow CDC requirements and recommendations. .I Thought My Co-pay Would Be Why Did I Have To Pay 3.45?