• Ask the Advisor: September/October 2016 Would a Higher Cost-of-Living-Adjustment in Social Security Make Me Ineligible for Medicaid? Q:  I recently read that if retirees got higher cost-of-living-adjustments some low-income people would lose eligibility for Medicaid, food stamps, and other benefits.  Would using a senior consumer price index to determine the annual raise really do this? A:  It would be unlikely for the ...
  • Ask The Advisor: Congress Salaries and COLA How Much Did Congress Earn Last Year? Q: Can you tell me how much members of Congress earned last year after shutting down the government? Did they receive a COLA for 2014? I’ve heard conflicting stories. A: Members of Congress earned a salary of $174,000 in 2013, but they received no cost-of-living adjustment (COLA) in 2014 — ...
  • Are Deeper Cuts Coming? — How Much Would You Lose? Most analysts believe that switching to a more – stingy measure of inflation to determine annual cost-of-living adjustments (COLAs) will form a key provision to larger government-wide deficit reduction legislation. The idea received the blessing of President Obama who offered the change last December during fiscal cliff negotiations and continues to float the idea as ...
  • FAQ: How “Chaining the COLA” Cuts Your Social Security TSCL Mounts Nationwide Effort Fighting COLA Cuts A major move is underway to reduce government spending on Social Security by cutting the growth rate in annual cost-of-living adjustments (COLAs).  What would it cost you?  Here are answers to some of your most frequently asked questions: Q:  What is the “chained” CPI? A:  Through 2012, annual COLA increases have ...
  • FAQ: How Would Switching To the “Chained” CPI Affect Social Security Benefits? Pending budget decisions over dwindling government funds will likely once again trigger a high-stakes battle over how to reduce the nation’s debt. A proposal that would reduce the rate of growth in annual Social Security cost-of-living adjustments (COLAs), as well as COLAs paid in other federal benefit programs, including those of military retirees, remains on ...
  • Ask The Advisor: COLA Determination What Is Tracked In Determining The COLA? Q: In determining the COLA what items does the government track for price changes? Why does the COLA grow so much more slowly than my costs? A: It’s not what the government tracks that causes your Social Security cost-of-living adjustments (COLAs) to grow so slowly. It’s what the government isn’t ...
  • Ask The Advisor: Social Security v Ponzi Schemes Is Social Security A Ponzi Scheme? How Much In Social Security Income Can I Expect To Get? Q: 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. A: The amount ...
  • Ask The Advisor: What is included in the CPI? Q:  The news media has me confused regarding what is included in the CPI.  I understand, according to the media, that the CPI does not include food or fuel.  I wondered how that could be since they would be two of the largest items in the CPI? A:  Rest assured the Consumer Price Index (CPI) does ...
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