Can You Live On Social Security Alone? By Rick Delaney, Chairman of the Board, TSCL Social Security was never designed to be the sole source of retirement income.  It replaces around 40 percent of the average earn ...

Help!  My Insulin Costs Skyrocketed.  Health Plan Blames Covid-19! Q:  My prescription for Lantus and blood pressure medicine has skyrocketed recently.  When I called Humana, they said they are dealing with Covid-19, ...

Use Retirement Savings or Start Social Security Early to Cover Large Medical Expenses? Q: I will be 66 in April and still work at a small company.  I get my healthcare through a Medicare Advantage plan.  I’ve learned ...

Q:  I understand that I can receive Social Security benefits while I’m still working.  I’m 64 but my earnings are pretty modest.  I have about $75,000 in savings and the mortgage on my home will be paid off later this ye ...

Q:  I take 7 prescription drugs every month including one very expensive brand name drug. I just received a notice that my drug plan will be increasing the co-insurance for that drug in 2018, and the premium is going up ...

A number of tax breaks are available for people age 65 and older for 2016 returns.  Here are 5 to discuss with your tax advisor: Higher income thresholds:  People age 65 and older may not have to file an income tax ...

Retirement’s Black Hole — Medical Debt Nearly 90% of older adults who report having trouble making payments on their credit cards are carrying medical debt, according to a recent TSCL survey. TSCL is concerned that to ...

Q: I’ve heard a lot of confusing advice on when to start Social Security. I’m divorced, single, and I turn 63 this year. I know that by waiting, my benefit will grow, but I’m not sure how much longer I will have my job. ...

How Can I Budget For Healthcare Expenses When I Don’t Know What They Will Be? Q: I was looking forward to saving some money on premiums when I started Medicare. Boy was I surprised when my doctor discovered a new heal ...