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  • Best Ways To Save October 2019

    Interview with author Mark Miller .As for job hunting tips, my book has a chapter called "Six Rules for Job Hunting." I discuss how to package yourself as the solution to an employer's problems, how to keep your skill set fresh and relevant, 21st Century networking techniques, and several other key strategies. .This week, lawmakers passed legislation to avert a government shutdown and those in the majority party continued working on legislation to reform the tax code. In addition, The Senior Citizens League (TSCL) saw several key bills gain support in the House and Senate. … Continued

  • H R 314 Notch Fairness Act

    Planning healthcare costs is extremely important, but not an easy task. According to the Kaiser Family Foundation, healthcare expenses, on average, accounted for nearly 15 percent of Medicare household budgets in 200But even if you're in good health today, you're not out of the woods. The amount you spend on healthcare not only grows every year, but your need for more healthcare services increases with age. .This week, two new cosponsors – Reps. Louise McIntosh Slaughter (NY-25) and Joyce Beatty (OH-3) – signed on to the Strengthening Social Security Act (H.R. 3118), bringing the total up fifty-four. If signed into law, the bill would reform the Social Security program in three ways: it would adjust the benefit formula, resulting in more generous monthly benefits; it would adopt the Consumer Price Index for Elderly Consumers (CPI-E), resulting in more accurate cost-of-living adjustments (COLAs), and it would lift the cap on income subject to the payroll tax. TSCL enthusiastically supports H.R. 3118 since it would extend the solvency of the Social Security Trust Fund responsibly, without cutting benefits for seniors. We were pleased to see support grow for it this week. .These attacks on the safety and security of seniors in our communities are unacceptable but, unfortunately, they aren't new. Before the pandemic, scams targeting the elders in our community were already on the rise. At a town hall I held in Los Angeles in early 2018, I heard multiple stories from relatives of seniors in our community who had been targeted by scams. … Continued

Sources: Options For Reducing The Deficit: 2014 to 2023, Congressional Budget Office, November 2013. .TSCL believes the time has come for Congress to put the needs of U.S. senior citizens and taxpayers first. We support legislation that would ban the use of illegal earnings in determining entitlement to Social Security such as S. 95, to Prevent Social Security Credit from Being Earned without Legal Status, introduced by Senator David Vitter (LA), and "No Social Security for Illegal Immigrants Act" (H.R. 787), introduced by Representative Dana Rohrabacher (CA). .If his income is too high to qualify for either, your daughter may want to find out if the 0 penalty is really accurate. If she can find evidence that her father-in-law had qualifying health insurance coverage after turning age 65, such as through a former employer, even for a few years, that coverage may potentially reduce the amount of the Part B delayed enrollment penalty. This sort of digging can be difficult if her father-in-law has cognitive or memory issues now. Another family member or a former coworker may be able to help though, and at 0 a month, it's worth a few calls. .Despite these obstacles, Rep. Rogers and Sen. Mikulski have said they remain committed to passing an omnibus this year, and they have reportedly instructed their aides to have a line-by-line spending plan ready by December 8th. TSCL is hopeful that a compromise can be reached before the looming deadline, since failing to do so would likely have a negative effect on Social Security and Medicare beneficiaries. In the coming weeks, we will continue to keep a close eye on the evolving discussions, and we will post updates here in the Legislative News section of our website. .TSCL strongly supports legislation that would provide 70 million Americans with a one-time emergency COLA payment of 3.9% (0). The Seniors and Veterans Emergency (SAVE) Benefits Act (S.2251) was introduced by Senator Elizabeth Warren, and a companion bill was introduced in the House by Representative Alan Grayson, H.R. 4012. .Abrupt legislative cuts erode the trust that Congress needs for making far bigger changes in the future. TSCL urges you to engage candidates in conversations about Social Security and Medicare. Let's ask them what their plans are for fixing Social Security and Medicare and what changes they propose that would affect your benefits. .Why does decision making have to be so hard? How much time is the right amount to spend on thinking things over? Can you even name anyone who never made a bad decision? We can't either. .How Much Would Delaying Retirement After Full Retirement Age Increase My Benefit? .Employers are only required to check SSNs and report wages, but aren't required to verify whether individual workers have legal authorization to work in this country. When employers submit wage reports with SSNs that don't match those of Social Security, the reports wind up in the Earnings Suspense File until they can be reconciled.