What Should I Do? I Lost My Job And Health Insurance. Q: The company that I worked for shut down in March because of the coronavirus, and I did not get my job back. I lost my paycheck and my health insurance. I’m ...
Daily Archives: July 9, 2020
Ask the Advisor: July 2020
Can You Tell Me How Recent Law Changes Affect RMDs From My 401(k)? Q: The value of my 401(k) fell in March of this year and still hasn’t fully recovered. I turned 70 in April. Will I be forced to sell investments a ...
Best Ways to Save To Save: July 2020
How Much Should You Spend on Vet Care for Your Pets? Managing the cost of pet care grows more emotionally and financially challenging as we and our pets age. The cost of care often sets up ethical dilemmas, especiall ...
Congressional Corner: Legislation Would Abolish Two Provisions That Reduce Social Security Benefits of Public Employees
By Representative Rodney Davis (IL-13) Every day, thousands of our neighbors and friends protect our cities, educate our students, and deliver vital services to our communities. While these selfless public servants h ...
Legislative Update: July 2020
Should the Medicare Eligibility Age Be Lowered? By Shannon Benton, Executive Director How do older Americans feel about proposals to lower the Medicare eligibility age? A recent TSCL survey found little support fo ...
Benefit Bulletin: July 2020
Let’s Stop Calling For Payroll Tax Cuts. Preserve Social Security and Medicare Instead By Rick Delaney, Chairman of the Board President Trump has said that he would not approve another COVID-19 stimulus bill i ...
No COLA Expected For Next Year
By Mary Johnson, editor The coronavirus is creating especially challenging long-term impacts for the nation’s retirees. Coronavirus - caused deflation will likely obliterate the Social Security cost-of-living adjustm ...
Are You Affected by High Out of Pocket Costs For COVID-19?
Older adults are at particularly high risk for serious illness with the coronavirus, and almost everyone age 65 and older is covered by Medicare. Healthcare policy experts are closely watching how unanticipated increase ...
Deflation Signals Zero COLA For 2021, Benefits Lose 30% Of Buying Power
Social Security benefits have lost 30 percent of buying power since 2000. These are the findings of an annual TSCL study that examines the adequacy of Social Security benefits in keeping up with the rising costs typical ...
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