Q: I was born in 1951 and turn 71 this year. I understand that a second round of legislation was passed by the House that would increase the age for taking required minimum distributions from a 401(k). Could you tell ...
Best ways to Save: July 2022 – Is Senior Home Sharing a Good Idea?
Online home sharing match-up programs are helping to match seniors with compatible individuals seeking safe, affordable housing. Home sharing agreements can sometimes include provision of some assistance (such as meal p ...
Congressional Corner: It’s Time to Bolster and Expand Social Security
by Representative Matt Cartwright (PA-08) Social Security is a unifying force in America. It is the single most important and effective income support program ever introduced in the United States. Its premise is s ...
Legislative Update: July 2022 – Seniors Are Facing a Tax Cliff Due To High COLAs
By Doug Osborne, TSCL Legislative Liaison Recently we received the following from one of our members: “I’m trying to find out if anyone is aware of the IRS (tax) cliff that seniors on Social Security are facing? W ...
Benefit Bulletin: July 2022 – First Hurdle to Fixing Social Security? Every Member of Congress
Rick Delaney, TSCL Chairman of the Board When it comes to fixing Social Security, Congress has no success stories. The job of bringing Social Security into balance, involves cutting benefits or raising taxes, and in ...
Can Inflation Be a Good Thing If It Means a High Social Security COLA?
By Mary Johnson, editor Is inflation ever a good thing if it means getting a high cost-of-living adjustment (COLA)? The person asking me that question could be forgiven since that young adult had never experienced in ...
HHS Office of Inspector General Says Medicare Advantage Plans Often Deny Medically Necessary Care
Every year, tens of thousands of Medicare beneficiaries who are enrolled in private Medicare Advantage health plans are denied medically necessary care that otherwise would have been covered by traditional fee-for-servic ...
Social Security Benefits Lose 40% of Buying Power
Soaring inflation has caused Social Security benefits to lose 40% of their buying power since the year 2000 according to the latest update of an ongoing study by TSCL. Purchasing power plummeted by 10 full percentage po ...
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