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  • Best Ways To Save September 2015

    If signed into law, the Strengthening Social Security Act would amend title II of the Social Security Act to adjust the benefit formula, resulting in a more generous monthly Social Security benefit. It would also change the way that cost-of-living adjustments are calculated by adopting a Consumer Price Index for the Elderly, and it would lift the cap on income subject to the payroll tax. .You might be able to avoid doing so. Coronavirus stimulus legislation (CARES Act) that was signed into law in March waives required minimum distributions (RMDs) in 2020 for anyone who owns a 401(k), 403(b), or IRA. Instead of taking money from your retirement accounts this year, retirees can wait, or take less, to give investments time to recover. That's helpful, because most RMDs are based on the value of your retirement accounts on December 31st of the previous year. .Alzheimers and some Potentially Good News … Continued

  • The Cost Of Illegal Earnings Under Totalization With Mexico

    Four Key Bills Gain Support in Congress .You should still take steps to protect yourself and others in many situations, like wearing a mask, staying at least 6 feet apart from others, and avoiding crowds and poorly ventilated spaces. Take these precautions whenever you are: .To address this issue, Senate Minority Whip Jon Kyl (AZ), suggested that the Committee focus on waste, fraud, and abuse, since it's a topic that generally has bipartisan support. He stated, "Some people fear the solution has to be a cut in benefits. There may be very substantial savings that can be achieved through efficiencies." Most at the hearing seemed to agree with him. … Continued

Because you are over 65, you are subject to Medicare's Special Enrollment Period rules that apply to the loss of health insurance coverage through you or your spouse's former employer. You need to enroll in Medicare Part B during the 8-month period that begins the month after your husband's employment ends or the employer health coverage ends, whichever happens first. Coverage under COBRA, however, would NOT be more than a temporary option for you because you would NOT be eligible for a Special Enrollment Period when that coverage ends, so don't wait to enroll in Medicare. You have 8 months to sign up for Part B and Part D without penalty, starting after the loss of your husband's job. .The proposal is not new. Former Federal Reserve Chairman Alan Greenspan supported a similar proposal in the late 1990s. In fact, it's one of a series of technical changes to the CPI recommended by the Boskin Commission in 1996 — which said that the CPI overstates inflation and that the COLA overpays seniors by about 1.1%. The Bureau of Labor Statistics busily instituted a number of those changes from 1995 through 2000 that, by my estimates, have already cut the rate of growth in the CPI and average Social Security benefits, compared to previous CPI measurement methodology by about 5 annually over the past ten years. If Congress were to adopt the chained CPI to calculate COLA starting with the COLA payable in 2012, that would additionally cut the growth in average benefits by about ,429 over the next ten years. .I am writing for assistance in applying for the Notch Settlement on behalf of my widowed mother who has been a supporter of this cause for several years. .TSCL enthusiastically supports H.R. 1030 and H.R. 3118, and we were pleased to see support grow for both of them this week. .The fact is no one can know ahead of time what healthcare will be needed in the future, let alone the actual costs of the services that providers charge. Doctors frequently refer patients to expensive specialists, and order endless expensive tests without spending adequate time to explain why the tests are necessary, how much they cost, or the chances of improving treatments through their use. .The "offset" rules for unemployment affected large numbers of seniors during the recent period of high unemployment. In Virginia, for example, the state unemployment insurance reserves dropped so low that a state law was triggered requiring cuts to the unemployment benefit payments of Social Security recipients in January 20By October, 30,000 jobless seniors in Virginia had been affected, and the offset completely wiped out the unemployment benefit of an additional 4,000. .Direct federally funded community health centers to pass discounts they now get for insulin and EpiPens directly to low-income patients. .With 1.2 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. Its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League is a proud affiliate of The Retired Enlisted Association. Visit for more information. .According to the committee report, a (now retired) Social Security judge, David B. Daugherty, schemed with a disability attorney Eric C. Conn, improperly awarding benefits to "virtually all" of Conn's 1,823 clients. The decisions were based on recommendations by an unusually loyal group of doctors who "often examined Conn's clients right in his law offices" according to a CBS News "60 Minutes" program.