Will My Social Security Benefits Be Reduced? Q: I was born in 1960 and I’ve read that my Social Security benefits may be reduced. Has your group learned anything new about this issue? I turn 62 next year. A: TSC ...
Ask the Advisor: December 2021
How Do I Calculate My Taxable Retirement Income? Q: I turned age 69 and started Social Security benefits this year. For the 2021 tax year, I have earnings from a part time job, income from a modest private sector pe ...
Best Ways to Save: December 2021
Do You Know the Costs of Providing Care at Home? Here’s a List From Someone Who Knows Most older adults want to age in place and stay in their own homes as they grow older. But doing so takes a major commitment on t ...
Legislative Update: December 2021
Social Security Bill Would Boost Benefits For all Beneficiaries And Trust Fund Financing By Shannon Benton, Executive Director Social Security legislation containing a number of provisions that would strengthen and ...
Benefit Bulletin: December 2021
Availability of Caregiving Help Falls, Costs of In-Home Care Climbs By Rick Delaney, TSCL Chairman The coronavirus has caused many families to rethink plans for long term care as the pandemic spread through nursing ...
How Long Will Inflation Continue? Expect to See Rising Costs in These Five Categories
By Mary Johnson, editor Will the 5.9% cost-of-living adjustment (COLA) be enough to meet rising costs in 2022? Will Social Security recipients receive a big enough boost next year in order to afford groceries for the ...
Part B Premium Increase Of 14.5% One of Highest On Record
Although the annual cost-of-living adjustment (COLA) will increase benefits by 5.9% in 2022 — the highest inflation adjustment in 40 years — the Medicare Part B premium increase is still rapidly outpacing the COLA percen ...
Part B Premiums Rise 14.5%— Social Security 5.9%
In January, the Social Security checks of more than 69 million beneficiaries will rise by 5.9%. That cost- of - living adjustment (COLA) will increase an average monthly retiree benefit of $1,565 by $92 per month — far ...
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