Q: The Federal Reserve increased interest rates “to put the brakes on inflation.” How does that work? Wouldn’t I pay higher costs when credit card companies raise interest rates? A: TSCL believes that putting th ...
Best Ways to Save: June 2022
Five Ways to Save When Everything Is Going Up By Mary Johnson, editor With persistent inflation around 8.5%, a historic 40-year high compared to a year ago, everyone is looking for ways to reduce costs and save mon ...
Legislative Update: June 2022
High Inflation Could Lead to Higher Taxes for Social Security Recipients By Doug Osborne, Legislative Liaison The next tax season could be a difficult one for many unsuspecting older taxpayers. TSCL believes many ...
Benefit Bulletin: June 2022
Staffing Shortages at Long Term Care Facilities May Not Recover Quickly By Rick Delaney, Chairman of the Board The annual average price of a semi-private room in a nursing home in 2020 was about $95,000 at the star ...
The Last Time Inflation Was This High, Social Security Was in Crisis
By Mary Johnson, editor Higher consumer prices for just about everything continues to work through the pipeline and are reaching levels that haven’t been seen since 1981. As of consumer price data through April, the ...
To Save Money, Employers Are Moving Their Retirees to Medicare Advantage
About 250,000 retired employees of the city of New York recently learned their health benefits would be funded in part by the federal government’s Medicare Advantage program — a move estimated to save the city $600 milli ...
Inflation a Bigger Threat to Households Living on A Fixed Income
As inflation continues to challenge household budgets across the nation, researchers at the U.S. Federal Reserve say that not everyone has been affected in the same way. This is especially true for lower-income househol ...
Ask the Advisor: May 2022
To Manage Inflation How Much Extra Do I Need to Budget In 2022? Q: I was laid off from my job in 2020 when companies closed due to COVID-19. I decided to retire and started Social Security benefits in 2021. The 5.9 ...
Legislative Update: May 2022
What’s the Status of the $1,400 Stimulus Payments? By Doug Osborne, Legislative Liaison Soaring food prices are a major factor behind TSCL’s decision to continue working for passage of legislation to provide a $1,4 ...
Benefit Bulletin: May 2022
Seniors Feel Left Behind: Help Draft a “Senior Priority Plan” and Reset the Agenda in Congress By Rick Delaney, Chairman of the Board Our most recent Senior Survey revealed a few unpleasant truths about Social Secu ...
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